NSIA, World Bank Partner to Finance Power, Port Projects in Nigeria

The Nigeria Sovereign Wealth Fund (NSIA) and the World Bank are working towards financing large scale power and ports infrastructure projects in Nigeria.

Briefing the press on the 2025 financials of the Authority in Abuja yesterday, NSIA’s Managing Director, Aminu Umar-Sadiq, said to this effect the Nigeria Infrastructure Finance Guarantee Platform (NIFGP) would soon be launched.

NIFGP is a joint initiative between the NSIA and the World bank designed to catalyse private sector investment in infrastructure projects.

He stated: “Financing and execution of large scale infrastructure projects for a country as large as ours, with the demography, with the size of GDP, I think it is important for NSIA to lead the way in finding sustainable solutions for funding large scale projects, not mid-sized or small size projects, but large scale projects, and it will be a combination of a project preparatory component, a viability gap component, infrastructure financing component and a guarantee component, basically the four things that are required in general to solve such issues.

“That large scale financing will focus, not just power sector. It is in any hard infrastructure sector that would allow a scale up of airports and seaports, power transmission, and so on.”

Umar-Sadiq further stated that NSIA was in partnership with other investors to invest in other countries of the Global South as part of its strategy to maintain a diversified portfolio.

According to him, NSIA recorded Core Operating Income of N525.3 billion and Core Total Comprehensive Income (TCI) of N478.8 billion for the full year ended 2025.

On the performance, he said despite prevailing macroeconomic volatility both locally and globally, as well as heightened geopolitical tensions, the organisation delivered robust results.

“This resilient growth was underpinned by a total of N360.8 billion in capital contribution during the year and N478.8 billion in core earnings.

“This growth was driven by dynamic asset allocation, efficient liquidity deployment, a 35.8% increase in investment securities, and improved returns across multiple asset classes. Together, these factors contributed to strengthening the balance sheet,” the NSIA MD added.