Nigerian Sovereign Investment Authority and World Bank Partner to Fund Ambitious Energy and Maritime Infrastructure Developments

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By Emma Ujah, Abuja Bureau Chief

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ABUJA — The Nigeria Sovereign Investment Authority (NSIA), in partnership with the World Bank, is set to finance large-scale infrastructure projects in Nigeria, focusing on power, ports and other critical sectors.

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Managing Director of NSIA, Aminu Umar-Sadiq, disclosed this while briefing journalists on the Authority’s 2025 financial performance in Abuja.

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He said the initiative would be driven through the proposed Nigeria Infrastructure Finance Guarantee Platform (NIFGP), a joint vehicle designed to attract private sector investment into major infrastructure projects.

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According to him, the platform will support project preparation, provide viability gap funding, facilitate infrastructure financing and offer guarantees to de-risk investments.

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“The focus is on large-scale infrastructure—power, airports, seaports, transmission and other critical sectors that can drive economic growth,” Umar-Sadiq said.

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He added that NSIA has commenced the process of engaging advisers to support the establishment of the platform and undertake due diligence on initial projects.

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On funding strategy, the NSIA boss emphasised the need to make projects bankable to attract additional capital from investors, noting that strong institutional performance would continue to draw government and private sector support.

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He also revealed that the Authority is expanding its investment footprint into other countries in the Global South as part of efforts to maintain a diversified portfolio.

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Providing an update on performance, Umar-Sadiq said NSIA recorded a core operating income of ₦525.3 billion and total comprehensive income of ₦478.8 billion for the 2025 financial year.

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He noted that the Authority’s net asset value has grown to $3.4 billion from an initial $1 billion seed capital, reflecting a compound annual growth rate of 10.7 percent over 13 consecutive years of earnings expansion.

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Despite global economic volatility and geopolitical tensions, he said the organisation’s performance was driven by increased capital contributions, improved investment returns and effective asset allocation.

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