April 27, 2021 –
The Nigeria Sovereign Investment Authority, NSIA has begun implementing the directive for the restructuring of the Presidential Fertiliser Initiative (“PFI”). In a bid to make the program more sustainable and following its notable successes and transformative impact over the past 4 years, the presidency approved the restructuring of the PFI program starting in the 2021 cycle.
The role of NSIA under PFI transitions to an upstream player thereby limiting its involvement to importation, storage and the wholesale of raw materials to blenders. The NSIA subsidiary NAIC-NPK Limited will be spun off to the Ministry of Finance Incorporated (MoFI).Read More
April 27, 2021 –
The Nigeria Sovereign Investment Authority (“NSIA” or “the Authority”) announces the expanded strategic partnership between the NSIA-LUTH Cancer Center (“the Center”) and BIO Ventures for Global Health (BVGH) to realize NSIA’s vision for reducing the impact of cancer in Nigeria. Under the arrangement, the NSIA will benefit from BVGH’s African Access Initiative (AAI) which is suited to enabling both parties to achieve their objective of containing Cancer-related mortality in the country.
This partnership builds further on the solid foundation of programs led by BVGH that is delivering value to the Center and helping to improve treatment for Nigerians. As it stands, cancer is a serious health threat in Nigeria, with 116,000 new cancer cases reported each year and more than 70,000 deaths annuallyRead More
March 2, 2021 –
NSIA signs landmark agreements with OCP of Morocco, Akwa Ibom State, NNPC, GACN, NCDMB and FEPSAN for development of US$1.4 billion plant to produce Ammonia and Diammonium Phosphate, under its Gas Industrialization Strategy.
Agreements further cement the joint resolve of His Excellency, Muhammadu Buhari, President of Nigeria and His Majesty, King Mohamed VI, King of Morocco to develop a Multipurpose Industrial Platform project in Nigeria, a project of monumental significance in the quest for industrialization, food security and continental cooperation.Read More
January 28, 2021 –
The Board of the Nigeria Sovereign Investment Authority (“NSIA”) announces the donation of 126 units of Patient Monitors and 63 units of Oxygen Concentrators to 21 Healthcare Institutions across the 6 geopolitical zones of the country.
In a bid to support the containment of the recent surge in the reported cases of Covid-19 infections in Nigeria and the significant impact this development may have on the economy, the NSIA is donating vital medical equipment to augment the Federal Government’s ongoing effort to enhance clinical care available to Covid-19 patients and to add to the stock of critical medical equipment needed in hospitals across the country.Read More
July 3, 2020 –
The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”), manager of Nigeria’s sovereign wealth fund, today announced its results for the 2019 financial year. The results show that the Authority sustained its positive performance trajectory in the period under review.
2019 was a mostly favourable year for the Authority. In the first instance, our diversified asset strategy was buoyed by positive returns from the international markets as almost all the investments made in equities, hedge funds and private equity outperformed. Secondly, domestic developments also favoured the Authority and enabled our infrastructure investment strategy to deliver value to the Nigerian people as more capital was deployed in key projects leading to the attainment of significant milestones.Read More