The Nigerian Federation contributed N247 billion to the Nigeria Sovereign Investment Authority (NSIA), Nigeria’s sovereign wealth fund, in 2024. This marks an over 1,000 percent increase from the N21 billion contributed to the fund in 2023.
This contribution was partially responsible for the 96 percent growth in NSIA’s total assets to N4.42 trillion (~$3 billion).
In 2024, the NSIA grew its net income to N1.89 trillion, marking a 59 percent growth from the N1.18 trillion recorded in 2023. The fund’s financial assets yielded an operating income of N1.85 trillion, driven in part by a fair value revaluation gain of N689 billion. The NSIA’s infrastructure business generated an income of N121.8 billion and an operating income of N14.2 billion.