Sovereign wealth fund

Nigeria Sovereign Investment Authority (NSIA)

Compiled from public sources

The Nigeria Sovereign Investment Authority (NSIA) is the statutory investment institution of the Nigerian Federation, established by an Act of the National Assembly in May 2011. Based in Abuja, the Authority is mandated to manage Nigeria's Sovereign Wealth Fund, which receives funding primarily from surplus income generated by the sale of crude oil. Its investment strategy is executed through three distinct ring-fenced funds: the Stabilisation Fund (SF), intended to provide budget support during economic stress; the Future Generations Fund (FGF), aimed at building a long-term savings base; and the Nigeria Infrastructure Fund (NIF), which focuses on domestic infrastructure development. The NSIA operates as a commercially-oriented manager, investing both directly in Nigerian infrastructure and through a diversified portfolio of global and local assets managed by over 50 external fund managers.