NSIA: Nigeria Sovereign Investment Authority

We are delighted to announce that the top ten innovators from the NSIA: Nigeria Sovereign Investment Authority Prize for Innovation (NPI 2.0) have completed their five-week all-expense-paid training programme at Draper University, Silicon Valley, USA. They joined a diverse cohort of 72 founders from 26 countries, representing key sectors such as Agritech, Fintech, Edtech, Biotech, PropTech, Spacetech, Robotics, Cloud Infrastructure, Web3, and AI.   The immersive programme delivered practical and invaluable insights about start-up development, fundraising, venture capital, business modelling, experimentation, communication, and networking. Through peer-to-peer knowledge exchange and high-impact instructor-led sessions, the innovators refined their solutions to more meaningfully address real-world challenges. The sessions also provided a platform for building connections across global technology ecosystems and progressing transformative solutions with domestic and international relevance.   Through the NPI programme, NSIA remains committed to fostering innovation, nurturing home-grown talent, and positioning them for global relevance. We are proud of their journey and look forward to the remarkable contributions they will make within Nigeria and beyond. 

At the recently concluded Asset Owner fireside chat organised by PEWIN - Private Equity Women Investor Network, our Executive Director and Chief Investment Officer, Kolawole Owodunni shared insights on the importance of gender-diverse leadership to boost commercial performance and management of investment portfolios. He noted that inclusive leadership broadens perspectives, enables innovation, improves portfolio resilience and generally supports optimisation of investment outcomes. He drew attention to the over-arching importance of women representation in leadership and urged the investment community to intentionally seek out opportunities to ensure inclusive gender-balanced leadership. NSIA remains committed to gender-diverse leadership by prioritising Environment, Social and Governance (ESG) considerations in investment decisions, engaging institutions that reflect gender diversity in leadership composition and meaningfully advancing solutions that positively impact women and children. #NSIA #PEWIN #genderdiversity #diversityandinclusion #investment #portfoliomanagement

Abraham Durosawo, Vice President at NSIA: Nigeria Sovereign Investment Authority (NSIA) recently delivered a presentation on the Multipurpose Industrial Platform Project (MIPL) at the recently held Africa Investment Forum in Rabat, Morocco, noting “the MIPL is a key part of Nigeria’s backward integration strategy for fertiliser production and builds on the successes of the Presidential Fertiliser Initiative (PFI) and other sovereign bilateral initiatives between Nigeria and Morocco. This project-financed industrial venture will create significant direct and indirect jobs, facilitate trade, and enhance fertiliser sufficiency domestically amongst other significant advantages.” This transformative initiative represents a strategic collaboration between NSIA and OCP AFRICA, aimed at leveraging Nigeria's vast natural gas reserves to support its domestic fertiliser requirements while also addressing Morocco's growing demand for affordable ammonia. MIPL underscores NSIA's commitment to fostering sustainable industrialisation, enhancing regional collaboration, and unlocking the potential of Nigeria's natural resources to catalyse economic development across Africa. #NSIA #AIF2024 #AfricaInvestmentForum #sustainabledevelopment #economicgrowth #gasindustrialisation #innovation #industrialisation #investmentinafrica

As a member of the One Planet Sovereign Wealth Funds (OPSWF) Network, NSIA: Nigeria Sovereign Investment Authority participated in the 7th Annual OPSWF CEO Summit, a pivotal event bringing together sovereign wealth funds and asset managers with a shared commitment to sustainability and responsible investing. During the CEO Plenary Session with President Emmanuel Macron, our MD & CEO, Aminu Umar-Sadiq, underscored NSIA’s contributions in renewable energy, green capital mobilisation and carbon markets. He shared insights into NSIA’s multifaceted role as a financier, capital mobiliser, project developer, and policy influencer, highlighting how these contributions are shaping Nigeria’s energy transition and climate agenda.   Nana Skari Maidugu, our Head of Sustainability and ESG, joined a panel session on "Unlocking Africa’s Renewable Energy Potential: Solutions for Accelerating Private Capital Mobilization”. Speaking alongside Adam Kendall, Partner, McKinsey & Company, Martin J. Nagell, Head of M&A & Advisor to the CEO, Masdar (Abu Dhabi Future Energy Company) and Jide Ikeako Director for Global Energy Transition Initiative at ClimateWorks Foundation, Nana highlighted NSIA’s strides in the renewable energy space, emphasizing the role of sovereign wealth funds in driving sustainable investments and unlocking private capital for transformative projects across Africa.   NSIA remains committed to advancing climate action and unlocking Africa's investment potential. We are proud to leverage platforms like OPSWF to champion sustainable investments and drive solutions that deliver sustainable and scalable impact. #NSIA #OPSWF #swf #ceo #sustainability #renewableenergy #climatefinance

The NSIA: Nigeria Sovereign Investment Authority’s (NSIA) agriculture subsidiary, NSIA Agriculture Investment Company Ltd. (NAIC), has signed an MoU with the Africa Finance Corporation (AFC) to address critical gaps in Nigeria’s storage and logistics infrastructure. This partnership will focus on co-developing and managing cold chain as well as dry storage facilities to strengthen the country’s food security.   The MoU signing was a highlight of the recently concluded Food and Energy Security Conference, co-hosted by NSIA, AFC, White & Case LLP and African Export-Import Bank (Afreximbank) The event convened key stakeholders to explore strategies to enhance Nigeria’s food value chain, improve energy resilience, and drive sustainable growth.   Speaking at the conference, Aminu Umar-Sadiq Umar-Sadiq, MD & CEO, NSIA,  reaffirmed the Authority’s commitment to food and energy security in Nigeria by highlighting initiatives such as the Presidential Fertilizer Initiative (PFI), RIPLE, Carbon Vista and InfraCredit   This collaboration marks a major step forward in sustainable infrastructure development across Africa and underscores a shared vision for value creation within critical economic sectors. Samaila Zubairu Ijeoma Taylaur M.IoD Ezinwa Okoroafor Iruansi Itoandon, DBA Yusuf Umar Deji Adegoke Sarah Afridi, CFA Samuel Nwanze Derin F. Abiola Osho Jeremy O. #NSIA #foodsecurity #energysecurity #investinafrica #africainvestment #sustainableinvestments #partnerships #infrastructuredevelopment

The NSIA: Nigeria Sovereign Investment Authority (NSIA) participated in the inaugural Sustainability Week Africa, hosted by Economist Impact. The event explored Africa’s green industrial revolution, bringing together thought leaders committed to advancing sustainable development across the continent. During a panel session titled “Balancing People, Planet, and Profit: Investing in the Transition while Supporting Communities and Employees,” NSIA’s Head of Sustainability & ESG, Nana Skari Maidugu Maidugu, shared insights on Africa’s potential to reshape industrial growth through social and environmental sustainability. She also discussed the Authority’s approach to embedding ESG factors across its investment value chain as well as NSIA’s ESG-focused initiatives such as the Green Guarantee Company, RIPLE, Carbon Vista and the Construction Finance Warehouse Facility (CFWF). This approach fosters a development model that ensures community welfare while upholding both profitability and environmental stewardship. #NSIA #sustainabilityweekafrica #economistimpact

RIPLE - the NSIA: Nigeria Sovereign Investment Authority's renewable energy subsidiary - recently participated in the Growth and Renewable Energy Roundtable organised by the British High Commission in Lagos, as part of activities of the British Foreign Secretary, Rt Hon David Lammy MP’s official visit to Nigeria. The roundtable served as a platform for key stakeholders to discuss Nigeria’s energy future and explore how policy reforms can strengthen energy resilience and promote an energy-secure future. Speaking at the event, the RIPLE MD & CEO – Yusuf Umar – highlighted RIPLE’s partnership with the Foreign, Commonwealth and Development Office (FCDO) and its role in developing an Africa-wide battery manufacturing report, which aims to unlock significant opportunities for sustainable energy solutions across the continent. Localising the battery supply chain is a key focus for RIPLE, and the subject of a collaboration agreement RIPLE signed in June this year with GOTION HIGH-TECH and InoBat. RIPLE intends to build a gigawatt factory to produce high-quality battery systems for energy storage and mobility purposes. #NSIA #RIPLE #renewableenergy #batterymanufacturing #sustainableenergy

The NSIA: Nigeria Sovereign Investment Authority's (NSIA) wholly-owned healthcare company - MedServe, recently signed a Sales and Purchase Agreement with Siemens Healthineers, to enhance oncology care in Nigeria through strategic medical investments. Following the agreement signing and in line with the Federal Ministry of Health and Social Welfare’s Oncology Initiative - currently being implemented by NSIA - the first set of Oncology Centers in Katsina, Enugu and Benin are expected to be operational by May 2025. NSIA remains committed to enhancing oncology care through strategic collaborations, medical infrastructure investments and human capacity development. #NSIA #medserve #cancercare #oncology #infrastructureinvestment #healthcare

The NSIA: Nigeria Sovereign Investment Authority (NSIA) recently participated in the 16th annual meeting of the IFSWF (International Forum of Sovereign Wealth Funds), hosted by the Oman Investment Authority, themed "Embracing Disruption and Searching for Resilient Futures.” Aminu Umar-Sadiq, MD & CEO NSIA, speaking at the panel session on “Investing in a Dynamic Policy Environment” alongside Udaibir Saran Das, Special Adviser IFSWF, Dhaen Al Hameli, ED, Core Portfolio, Abu Dhabi Investment Authority (ADIA), LIU Haoling, Vice Chairman, Pres. & CIO, China Investment Corporation and HH Dr. Adham Al Said, Asst. Prof. Sultan Qaboos University emphasized the critical need for adaptability, innovation, and resilience in today’s complex global investment landscape. He shared insights on navigating policy shifts and seizing emerging investment opportunities for long-term value creation. #NSIA #IFSWF #SWF #leadership #resilientfutures #investmentleadership #policy

The NSIA: Nigeria Sovereign Investment Authority (NSIA) Prize for Innovation (NPI) is excited to announce that the top ten innovators from the second edition of the NSIA Prize for Innovation (NPI 2.0) have commenced the five-week, all-expenses-paid training programme at Draper University, Silicon Valley, USA. This training programme is designed to equip the innovators with relevant insights to optimise business outcomes, expand global networks, facilitate peer-to-peer knowledge exchange and accelerate the deployment of high-impact solutions with transformative impact.    The NSIA Prize for Innovation is the Authority’s multi-year commitment to identify and nurture home-grown talent with ideas to resolve domestic challenges. Through NPI, the Authority seeks to build a robust pipeline of innovative, home-grown solutions, close employment gaps, foster entrepreneurship, and strengthen the nation’s productive capacity.   Congratulations to the top ten innovators; Sycamore.NG, Kunda Kids, PaveHQ, VPay Africa, Betalife Health Service, Tribapay, Magic Lab Academy, Yalo Technologies, MaterialsPro, and Doktorconnect. #NSIA #PrizeForInnovation #NPI #Innovation #TechSolutions #Accelerator #InnovativeSolutions #Future #TechEnabled