Our Investments
Investing in High Priority Developments to Drive Nigeria's Economic Goals
Our Investment
To deliver its development objectives, NSIA either sponsors or invests in projects and programmes which afford long-term socio-economic benefits to the Nation and invests in high-priority developments to drive Nigeria’s economic goals.
The NIF focuses on domestic infrastructure investments that meet the following four criteria:
- alignment with national priority,
- potential to attractive commercial and social returns;
- the ability to attract both domestic and foreign private sector participation,
- availability of conducive regulatory and legislative environment.
Out of the fifteen investible sectors identified at the inception of the NSIA, the core areas of initial focus are agriculture, financial markets infrastructure, healthcare, motorways, power, gas industrialisation and innovation & technology. Other sectors will be addressed as assets under management increase or if compelling opportunities become available.
The Three Mandates
NSIA commenced operations in October 2012 with an initial allocation of US$1 billion in seed capital. As provided for by the NSIA Act, NSIA’s investments are made through three distinct funds:
Stabilisation Fund
To provide stabilisation support in times of economic stress.
Initial Allocation & Size
20% / USD 200 Million
Expected Avg. Annualized Returns
US CPI
Strategic Asset Allocation
Current Allocation & Size
20% / USD 300 Million
Investment Horizon
Short Term
Mandate / Recent Investments
Future Generations Fund
Initial Allocation & Size
40% / USD 400 Million
Expected Avg. Annualized Returns
US CPI + 400 BPS
Strategic Asset Allocation
Current Allocation & Size
30% / USD 1 Billion
Investment Horizon
Long Term >20 years
Mandate / Recent Investments
- Public Equity is split 67% Developed markets and 33% Emerging Markets
- Private Equity Commitment is split roughly 25% secondary and 75% primary interest.
- Absolute returns: Four Hedge fund strategies and two bespoke fund of funds mandates.
- Other diversifiers include strategies such as healthcare royalty, commodity etc.
Nigeria Infrastructure Fund
Initial Allocation & Size
40% / USD 400 Million
Expected Avg. Annualized Returns
US CPI + 300 BPS
Strategic Asset Allocation
- Agriculture
- Healthcare
- Motorways
- Power
- Gas Industrialisation
- Financial markets
- Technology
Current Allocation & Size
20% / USD 300 Million
Investment Horizon
Short Term
Mandate / Recent Investments
- Gas Industrialisation: Co-developing a US$1.4 billion Ammonia Plant with OCP of Morocco
- Technology: Set up a US$200 million innovation fund for investments in Information technology in Nigeria
- Agriculture: Sponsored new local currency-denominated agriculture fund with 10bn seed capital.
- Healthcare: Invested US$202 million in Cancer treatment and development of diagnostic centres in Nigeria.