NSIA Drives Growth With ₦478bn Earnings, Expands Health, Energy Investments

The Nigeria Sovereign Investment Authority (NSIA) has reported an improved financial performance for the 2025 fiscal year, posting a Core Total Comprehensive Income of N478.8bn, underscoring its resilience and growing role in driving strategic investments across key sectors of the Nigerian economy.

The Authority also recorded Core Operating Income of N525.3bn, reflecting sustained earnings growth despite a challenging global and domestic macroeconomic environment marked by volatility and geopolitical tensions.

Speaking at the release of the company’s financial statement on Thursday in Abuja, the Managing Director of NSIA, Mr Aminu Umar-Sadiq, said the NSIA’s total assets rose by 10.9 per cent year-on-year to N4.91tn, while its net asset value increased to N4.88tn.

In dollar terms, net assets climbed by 19.8 per cent to $3.4bn, highlighting the strength of its diversified global portfolio and disciplined investment strategy.

He said the fund’s profitability ratios improved significantly, with Return on Equity rising to 10.5 per cent from 7.2 per cent in 2024, and Return on Assets increasing to 9.9 per cent from 7.1 per cent.

These gains, he added, reflect stronger earnings quality and improved performance across asset classes.

Despite recording a net unrealised foreign exchange loss of N322.4bn due to the appreciation of the naira in 2025, NSIA maintained robust underlying performance, as its core income excluding FX volatility grew by 17.4 per cent to its highest level since inception.

He said over the past 13 years, NSIA has sustained consistent growth, expanding its net asset value from an initial $1bn seed capital to $3.4bn, representing a compound annual growth rate of 10.7 per cent.

The Authority MD said this trajectory reflects prudent asset allocation, strong risk management, and a focus on long-term value creation.

Beyond financial performance, he said the NSIA continued to deepen its impact across critical sectors including healthcare, energy, agriculture, housing, and technology.

In the healthcare sector, Sadiq said the Authority expanded its oncology platform, MedServe, consolidating diagnostic and cancer treatment centres while advancing plans to scale operations nationwide.

He noted that eight additional centres are expected to become operational by the third quarter of 2026, improving access to early detection and specialised care.

NSIA also secured a $24.3m concessional financing facility from development partners to strengthen cancer and cardiac care services, as part of broader efforts to upgrade Nigeria’s healthcare infrastructure.

In the energy space, the Authority intensified its push for cleaner and more reliable power through its renewable energy platform, RIPLE. The platform is driving investments in distributed energy solutions and recently supported the deployment of a clean energy plant at a cancer treatment centre, aimed at reducing diesel consumption and lowering emissions.

The fund is also advancing a 400MW solar module assembly plant in Ogun State, a move expected to boost local manufacturing capacity and support Nigeria’s transition to sustainable energy.

In addition, Sadie said the NSIA backed the development of a 30MW embedded power project in Victoria Island, Lagos, designed to improve electricity supply to commercial users and reduce reliance on diesel generators.

To support innovation and entrepreneurship, NSIA partnered with the Japan International Cooperation Agency to launch a $50m impact fund targeting Nigerian startups in sectors such as healthcare, agriculture, education, and energy. The initiative is expected to unlock financing for high-impact businesses and accelerate economic growth.

The Authority also maintained its focus on strengthening financial market infrastructure, committing N25bn to the National Credit Guarantee Company to improve access to credit for businesses, particularly small and medium enterprises.

In agriculture, NSIA progressed with the development of a temperature-controlled logistics network aimed at reducing post-harvest losses and improving food supply chains across the country.

The Authority also continued to support the Federal Government’s housing initiative, facilitating financing for large-scale affordable housing projects in Abuja and Kano.

Despite increased investments in strategic projects, the MD NSIA maintained cost discipline, with its cost-to-income ratio remaining below five per cent at 4.2 per cent, one of the lowest in the industry.

He said the 2025 performance reflects a deliberate strategy to balance financial returns with measurable economic impact, while maintaining long-term capital preservation.