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The Nigeria Sovereign Investment Authority (NSIA) has released its audited financial results for the 2024 financial year, showcasing a remarkable growth in net assets despite global economic challenges. According to the report, NSIA’s net assets nearly doubled, increasing by 96% to N4.35 trillion as of December 2024, compared to N2.22 trillion in December 2023.

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The authority’s Managing Director and Chief Executive Officer, Aminu Umar-Sadiq, attributed the success to strategic vision, disciplined execution, and a commitment to sustainable socio-economic advancement. “The Authority’s outstanding financial performance in 2024 reflects the strength of our strategic vision, disciplined execution, and unwavering commitment to sustainable socio-economic advancement. By leveraging innovation, strategic partnerships, and sound risk management, we have not only delivered strong returns but also created value for our stakeholders,” he said.

NSIA maintained profitability for the 12th consecutive year, resulting in cumulative retained earnings of N3.74 trillion at the end of 2024. The authority’s performance in 2024 was bolstered by its well-diversified investment portfolio, infrastructure assets, gains from foreign exchange movements, and derivative valuations.

Key Highlights of NSIA’s 2024 Financial Performance:

– Total Operating Profits: Rose from N1.17 trillion in 2023 to N1.86 trillion in 2024

– Total Comprehensive Income: Reached N1.89 trillion in 2024, representing a 59% increase from N1.18 trillion in 2023

– Core TCI: Surged by 148% to N407.9 billion in 2024 from N164.7 billion in the previous year

The NSIA aims to continue building a savings base for Nigerians, promoting infrastructure development, and providing stabilisation support during economic challenges. With its impressive 2024 financial performance, NSIA has reinforced its reputation as a cornerstone institution for Nigeria’s fiscal sustainability, economic development, and infrastructure transformation

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