The Managing Director of the Nigeria Sovereign Investment Authority (NSIA), Aminu Umar Sadiq, has announced an investment of over $500 million in domestic infrastructure projects, affirming the Authority's strategic focus on enhancing the country's infrastructure and economic viability.
NSIA’s revenue from infrastructure business, and management fees earned from fiduciary activities, increased by 34.5% (N15.7 billion) year-over-year.
Aminu Umar-Sadiq has more than 15 years of expertise in the financial services industry, including asset management, mergers and acquisitions, management of public finances, and private equity
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The NSIA boss said that the authority achieved 33% growth in Net Assets amounting to N772.75 billion as against N579.54 billion in the previous year.
The FG has said that $311 million of repatriated Abacha loot has been handed over to the NSIA for investment in road projects.
Buhari has approved the establishment of an Infrastructure Company, wholly focused on critical infrastructural investments in Nigeria.
The project was commissioned on Tuesday evening in an announcement by the NSIA.
