The Executive Management of NSIA – Nigeria Sovereign Investment Authority; manager of Nigeria’s Sovereign Wealth Fund this week held a briefing in Abuja with Bureau Chiefs to present the Authority’s 2022 Earnings Performance and the outlook for 2023.
Aminu Umar-Sadiq, Managing Director & Chief Executive Officer #NSIA said: The Authority has consistently posted positive results. In the period under review, the net assets grew by 10.5% to NGN1.02trn despite market volatility and macroeconomic headwinds. The feat was achieved via a blend of asset management expertise, and the capacity to balance risk and reward resulting in the profits recorded.”
NSIA’s impact covers a number of key sectors with notable socio-economic benefits for Nigerians. The Authority’s programmes and projects have created over 500,000 direct and indirect jobs and conservatively stimulated investments in Nigeria in excess of US$22 billion over the past 10 years.
The MD assured that the “NSIA will continue to play significant roles across catalytic and transformative sectors of the economy and will leverage its capacity to solve challenging problems while delivering returns sustainably.”
In presenting its outlook, the MD stated that the medium terms strategic thrusts will include Innovation, ESG, Healthcare and Agriculture.