From Our Correspondent
The Nigeria Sovereign Investment Authority (NSIA) says it has invested $1 billion and $500 million in third-party investment and domestic infrastructure respectively.
Managing Director of NSIA, Aminu Sadiq, announced this when he appeared before an investigative hearing of the House of Representatives ad-hoc committee, on Tuesday, in Abuja.
The ad-hoc committee is probing the activities of the NSIA.
Sadiq said the NSIA carried out a robust infrastructure investment portfolio, covering several critical sectors.
He listed the sectors to include agriculture, healthcare and power while developing over 10 institutions and platforms to improve the financial market ecosystem.
He said the agency was working on a solar panel project, targeting to create 500 jobs.
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According to him, 13,504 affordable housing units were under construction, and it supported over 236,000 farmers among others.
The MD said net assets growth of NSIA had risen from N156 billion in 2013 to N1.017 trillion in 2022.
Mr Kolade David, the President, Association of Local Governments of Nigeria (ALGON) acknowledged NSIA’s investment in health and education.
Chairman of the committee, Rep. Ademorin Kuye, said the investigation aims to ensure the statutory provisions of the law establishing the agency were adhered to.
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