By Tony Obiechina, Abuja
Nigeria Sovereign Investment Authority(NSIA) has announced it’s 2025 Group Financial Performance posting a net Asset value of $3.40 billion, representing a 10.7% Compound Annual Growth Rate.
The report showed that the growth was supported by a cumulative $241.2 million in capital injections during the year, combined with $320.2 million in net earnings from performance across core revenue streams. The increase underscores NSIA’s capacity to preserve and grow long-term shareholder valueIn the latest report by the ‘Authority’, the track record underscores NSIA’s strong financial stewardship and long-term value creation, underpinned by disciplined asset allocation, diversified investments, and strong risk management that ensure resilience across multiple economic cycles.
NSIA also reported Core Operating Income of ₦525.3 billion and Core Total Comprehensive Income (TCI) of ₦478.8 billion for the full year ended 2025.
Since inception, NSIA has delivered consistent growth, achieving 13 consecutive years of earnings expansion and asset accumulation. From an initial $1 billion seed capital, augmented by additional contributions of $1.06 billion (totaling $2.06 billion contribution).
According to the report, NSIA delivered robust performance in 2025 despite prevailing macroeconomic volatility both locally and globally, as well as heightened geopolitical tensions.
On return on Equity and Return on Assets, the Group delivered a marked improvement in profitability in 2025, with Return on Equity (USD) rising to 10.5%, up from 7.2% in 2024. Similarly, Return on Assets (USD) increased to 9.9%, compared with 7.1% in the prior year. This improvement reflects the resilience and effectiveness of NSIA’s diversified, global investment portfolio, which continued to generate stable earnings and drive sustainable long-term value despite a dynamic macroeconomic environment.Core operating income rose from ₦498.0 billion ($328.5 million) in the prior year to ₦525.3 billion ($349.1 million) in 2025, reflecting the Authority’s deliberate efforts to actively deploy capital across diverse asset classes. This growth was primarily driven by a 138% increase in the performance of externally managed investment portfolios, supported by improved performance across both developed and emerging markets. Additionally, interest income from financial assets increased by 10%, reflecting higher yields and increased volumes, despite market rate cuts.
Other components of core operating income include Infrastructure revenues from Agriculture and Healthcare businesses. As part of its planned exit from the Presidential Fertilizer Initiative (PFI) and in line with the market-driven Phase II model of PFI, NSIA successfully completed the phased transfer of operatorship to the Ministry of Finance Incorporated (MoFI) between 2024 and 2025. This transition impacted agriculture infrastructure revenues but aligns with NSIA’s strategic goal of promoting long-term sustainability and deepening private sector participation across the fertilizer value chain.
On Non-Core Operating Income, the group said the revenue line is comprised of foreign exchange (FX) gains or losses and fair value gains on FX-linked collateralised securities
