National Sovereign Investment Authority (NSIA ) an investment company created by the federal government in conjunction with States, has grown it’s net assets by over 90 per cent to hit N4.35 trillion Year-on-year, up from N2.22 trillion in 2023, showing resilience and continuous growth following strategic investments on the part of the Authority.

A check by this media myprompttv com from previous financial reports of NSIA shows that the net assets amounted to N1.02 trillion in 2022, N2.22 trillion while N4.35 trillion has been recorded in 2024.

NSIA Managing Director and Chief Executive Officer, Mr. Aminu Umar-Sadiq revealed the profit when he presented the 2024 financial report of the Authority, Wednesday in Abuja.

Mr. Umar-Sadiq said the result underscores the resilience of the authority’s investment strategy and the strength of its earnings, driven by a well-diversified revenue base and robust risk management practices, despite a challenging global macroeconomic and geopolitical environment.

While the Total Comprehensive Income (TCI) in FY2024, inclusive of shares of profits from associates and JV entities, reached N1.89 trillion in 2024, reflecting a 59 per cent increase from N1.18 trillion in 2023, compared to NSIA’s core Total Comprehensive Income (excluding foreign exchange gains) rose from ₦21.39 billion in the previous year to ₦164.69 billion.

Core TCI (excluding foreign exchange and derivative valuation gains) rose by 148 per cent to N407.9 billion in 2024 compared to N164.7 billion in 2023, supported by robust returns on financial assets measured at fair value through profit and loss, including collateralised securities, private equity, hedge funds, and Exchange-Traded Funds (ETFs).

On the Total Operating Income for the FY2023, inclusive of foreign exchange gains amounted to ₦1.17 trillion from ₦101.1 billion, FY2024 Total operating profits, excluding share of profits from associates and Joint Venture (JV) entities, increased from N1.17 trillion in 2023 to N1.86 trillion, driven majorly by the strong performance of NSIA’s diversified investment portfolio, infrastructure assets, gains from foreign exchange movements, and derivative valuations.

He said the authority’s outstanding financial performance in 2024 reflected the “strength of our strategic vision, disciplined execution and unwavering commitment to sustainable socio-economic advancement”.

“By leveraging innovation, strategic partnerships and sound risk management, we have not only delivered strong returns but also created value for our stakeholders”, he said.

“As we move forward, we remain focused on driving economic transformation, expanding opportunities, scaling transformative impact and ensuring long-term prosperity for current and future generations of Nigerians.”

He reaffirmed the authority’s commitment to managing the country’s SWF, and delivering the mandates enshrined in the NSIA Act.

Aminu Umar-Sadiq further stated that in the year under review, a new board, led by Mr. Olusegun Ogunsanya as Chairman, will provide strategic direction and oversight, in addition to playing a pivotal role in critical decision making.

He remarked that under the guidance of the board, the authority will retain focus on its primary mandate of creating shared value for all stakeholders based on its continued adoption of corporate governance practices.

With the trend of growth midwifed by the management of NSIA, 2025 presents an improvement and better result, hinging on the investment process of the Authority.