NSIA Posts Record N478.8bn Income As Total Assets Hit N4.91trn

The Nigeria Sovereign Investment Authority (NSIA) has recorded its highest core earnings since inception, posting core total comprehensive income (Core TCI) of N478.8 billion ($320.2 million) in the 2025 financial year, even as macroeconomic volatility and heightened geopolitical tensions tested the resilience of investment portfolios across the globe.

Total assets also grew 10.9 per cent year-on-year to close at N4.91 trillion ($3.42 billion), supported by N360.8 billion in capital contributions during the year and the record core earnings. The authority attributed the balance sheet expansion to dynamic asset allocation, efficient liquidity deployment, and a 35.8 per cent increase in investment securities.

Net asset value in dollar terms rose 19.8 per cent, from $2.8 billion in 2024 to $3.4 billion in 2025, underpinned by $241.2 million in cumulative capital injections and $320.2 million in net earnings. Return on Equity climbed to 10.5 per cent from 7.2 per cent the prior year, while Return on Assets improved to 9.9 per cent from 7.1 per cent — reflecting sustained profitability across the authority’s diversified, global investment portfolio.

“NSIA’s 2025 financial results reaffirm its strong track record in delivering financial returns, strategic national impact, and intergenerational wealth creation,” the authority’s managing director, Aminu Umar-Sadiq said yesterday at the presenting of the 2025 earnings. He stated that improved earnings quality and a focus on predictable, stable revenue sources reinforced its commitment to long-term value creation.

Beyond its investment returns, the NSIA deployed capital across critical sectors in 2025. In healthcare, its MedServe platform secured a $24.3 million concessional facility from the World Bank’s International Development Association (IDA) and the International Finance Corporation (IFC) to expand diagnostic, cancer care, and cardiac services nationwide.

Eight additional centres are scheduled to become operational by the third quarter of 2026, backed by equipment partnerships with GE HealthCare and Siemens Healthineers.

On the energy front, the NSIA advanced its Renewables Investment Platform for Limitless Energy (RIPLE), a $25 million flagship platform targeting generation, distribution, and manufacturing projects.

RIPLE reached financial close on a 400MW solar photovoltaic module assembly plant in Ogun State and partnered with EM-ONE Energy Solutions to deliver a clean energy plant at the MedServe-LUTH Cancer Centre under an Energy-as-a-Service model. The project is projected to eliminate approximately 250,000 litres of diesel consumption annually and avoid up to 663 tonnes of carbon dioxide emissions.

In the technology space, NSIA and the Japan International Cooperation Agency (JICA) launched a $50 million innovation fund to support high-impact Nigerian startups across agriculture, healthcare, education, energy, and water management.

The authority also advanced its Kasi Cloud data centre platform, an indigenous hyperscale infrastructure project expected to reach approximately 32 megawatts of capacity, with Phase I operations slated for the second quarter of 2026.

In agriculture, the NSIA committed $25 million to a cold-chain logistics platform designed to provide 15,000 pallet spaces of temperature-controlled storage across Lagos, Kaduna, Kano, Benue, and Plateau, targeting post-harvest loss reduction and food supply chain strengthening.

The authority also successfully transitioned the Presidential Fertiliser Initiative to the Ministry of Finance Incorporated after nearly a decade of stewardship that saw blending plants grow from four to over 80 nationwide and more than 128 million bags of fertiliser delivered to Nigerian farmers.

Looking ahead, the authority said it remains well-positioned to grow core revenue streams while maintaining balance sheet resilience and deploying capital efficiently.

Its strategic focus on portfolio diversification, risk-adjusted returns, and catalytic investments is expected to continue driving economy-wide impact across its Stabilisation, Infrastructure, and Future Generations mandates.