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The Authority’s strategy for agriculture lends itself to the country’s food security programmes. In the Authority’s opinion, Nigeria has the potential to be food-secure if the following strategies are adopted and implemented: rural development, provision of easy access to basic farm inputs, adequate budgetary allocations to agriculture particularly to the food crop sub-sector, investment in supporting infrastructure such as storage and logistics to reduce post-harvest losses, application of agri-tech to facilitate precision farming techniques and sustainability, enhanced research and development, the enunciation of appropriate policies for food crop sub-sector, political stability, reduction in rural poverty, and peasant farmers‟ education.
NSIA’s goal is to make investments that assist the country across the agriculture value chain, including but not limited to direct investments in agriculture projects, manpower development, provision of technical assistance, supporting out-grower schemes, identifying and developing large scale sustainable agri-based projects, development of solutions that enable standardization through commodity exchanges and provision of input material for the farmers.
Over the years NSIA has made investments in the Fund for Agricultural Finance in Nigeria (FAFIN) alongside the Federal Ministry of Agriculture and Rural Development (FMARD) and Kreditanstalt für Wiederaufbau (KfW), the German Government-owned development bank. NSIA also acquired and modernised a fully integrated poultry feed production and grain farming project in Nasarawa State, Pandagric Novum Limited. On the input side, NSIA was the operating entity for the Presidential Fertiliser Initiative (PFI) through NAIC-NPK Ltd until 2021 when it was transferred to the Ministry of Finance Incorporate (MOFI).

The Nigerian power sector has historically been a sector in distress. The Government have embarked on several initiatives to reform the sector given the country is endowed with a substantial amount of natural energy resources. NSIA’s main objective has been to improve the power infrastructure decay and advance distribution capabilities. The Authority believes that the solution to Nigeria’s energy crises lies in having a balanced approached to the energy mix and harnessing strengths and advantages of the various regions. With the ongoing transformation of Nigeria’s power sector, NSIA continues to evaluate opportunities alongside private investors across the power sector value chain. We are seeing an increasing number of attractive investment opportunities in renewable energy space.
The NSIA is currently developing and constructing aa 10MW solar plant on 24ha of land in Kumbotso Local Government, Kano State to feed an industrial cluster. The project is expected to create at least 500 direct and indirect jobs across the construction and operational phases of the project. Upon completion, this will be the largest solar farm in Nigeria.
NSIA is also in advanced discussions in forming relevant partnerships in developing a renewable energy platform that will deploy similar projects across the country.

NSIA is committed to serving as an enabler to fill in noticeable voids in the Financial Market Infrastructure (FMI) landscape in Nigeria. The Authority is of the view that there are critically important institutions which need to be developed in Nigeria. This institution includes those that will be responsible for providing clearing, settlement and recording of monetary and other financial transactions in the country.
NSIA is supporting the creation of an ecosystem of institutions to address critical gaps in Nigeria’s financial systems. The institutions operationalized so far include:
• Infrastructure Credit Guarantee Company Ltd (InfraCredit)
• Development Bank of Nigeria (DBN)
• Nigeria Mortgage Refinance Company (NMRC)
• Family Homes Fund Ltd
• NG Clearing Ltd

In the Authority’s view, Nigeria has an opportunity to leverage its vast gas resources to quicken industrialization. NSIA’s major objective for the gas sector is to transform Nigeria into an industrialised nation with gas playing a major role in the country’s economic transformation agenda. NSIA views gas development as a catalyst for economic diversification and industrialization.
Under a partnership programme with OCP of Morocco, NSIA is presently developing an Ammonia and Di-Ammonium Phosphate (“DAP”) plant. The project is a backward integration initiative, which will ensure that Nigeria is able to produce Ammonia, a basic input in fertiliser production.

At inception, NSIA conducted a review of the Nigerian healthcare sector. We identified three segments within the sector to pursue investment opportunities.
These include:
• Tertiary specialist hospitals: Investment in healthcare centres providing healthcare focused on non-communicable diseases. Within this segment, NSIA seek partnerships with existing public hospitals to leverage the breadth of clinical capacity at these establishments and also establish stand-alone single specialty facilities .
• Medical diagnostic facilities: Investments in this segment would focus on establishing modern medical diagnostic facilities either as standalone facilities or joint venture partnerships with public hospitals.
• Medical manufacturing: Investments in greenfield or brownfield pharmaceutical manufacturing facilities, or other medical equipment and supplies manufacturing facilities.
To date, NSIA, through its healthcare investment subsidiary, NSIA Healthcare Investment and Development Company (NHDIC), has built and commissioned three healthcare centres namely: a Cancer treatment centre in Lagos, the NSIA-LUTH Cancer Centre and two diagnostic centres; NSIA-Umuahia Diagnostic Centre (NUDC) and NSIA-Kano Diagnostic Centre (NKDC)
As it rolls out more projects, NSIA aims to establish 23 state-of-the-art, medical diagnostic centres across the country, expand its footprint in oncology care and establish 6 new catheterisation laboratreies to provide a range of cardiology services.

Mining has been a sector of interest to the Authority since inception. The Nigerian mining sector can now attract more foreign investments, as the nation is building a world-class mining sector that would contribute to the non-oil economy of the country.
NSIA has been assigned an active role in the Presidential Artisanal Gold Mining Development Initiative (PAGMI). PAGMI is an initiative designed to mine and aggregate gold from artisanal and small-scale miners under the National Gold Purchase Programme.

The Nigerian technology ecosystem is hampered by a deficiency in digital infrastructure including but not limited to stable broadband internet and widespread mobile adoption that enables innovators to build and distribute their products and services. There is also a significant dearth of digital talent to build and scale domestic technological solutions thereby inhibiting the growth of the sector.

In line with the aforementioned, the NSIA established a US$200 million Innovation Fund to serve as a catalyst for developing the technology ecosystem in Nigeria, with a seed commitment of US$25 million from NSIA.

The Authority’s pioneer investment in the technology sector was for the development of the Kasi 20MW hyperscale data centre. The project sponsor, Kasi Cloud Nigeria Limited has identified Lekki, Lagos as the site of the first data centre and expects to set up more data centres nationwide in the near future.

NSIA is also in advanced discussions in respect of several partnership opportunities with leading global technology firms interested in the deployment of subsea cable systems, terrestrial fibre networks, technology cities/parks and training platforms. 

On 25th February 2018, His Excellency President Muhammadu Buhari , (GCFR) approved the establishment of the Presidential Infrastructure Development Fund (“PIDF”) to accelerate the execution of certain critical, strategic infrastructure projects essential to the rapid growth and modernization of Nigeria’s economy.

The PIDF is managed by the Nigeria Sovereign Investment Authority (“NSIA”), working alongside the Presidency, Federal Ministry of Works and Housing (“FMWH”), and the Federal Ministry of Finance, Budget and National Planning (“FMPBNP”)
The PIDF leverages upon existing NSIA Act which authorizes the NSIA to manage the Nigeria Infrastructure Fund, in addition to funds set up by different arms of the Federation. The PIDF, and its project companies, will fall under NSIA’s existing governance framework, benefitting from the professional, transparent and independent governance framework provided by NSIA’s Board and Management Structure.

At inception, there were five (5) projects under PIDF namely (i) Lagos-Ibadan Expressway (“LIE”), (ii) Second Niger Bridge Project (“2NB”), (iii) Abuja-Kano Road (“AKR”), (iv) Mambilla Hydro-Power Project (“Mambilla”) and (v) East-West Road (“EWR”).

The EWR project was removed from the PIDF Portfolio based on the request of the Federal Ministry of Niger Delta Affairs (“FMNDA”), to enable the FMNDA to undertake the EWR project as a public works contract. This request was approved by Mr President in a directive communicated on June 8, 2020. Further, the Mambilla Project is yet to be fully developed to enable NSIA to participate in the project.

The LIE, 2NB and AKR projects (the “Ongoing Projects”) are currently under implementation. NSIA is responsible for administering the financing required to develop the Ongoing Projects. Upon completion, the Ongoing Projectswill be commercialised through tolling, trailer parks, marketing, and other revenue-generating strategies implemented under separate agreements.
Project Description