The Nigerian Sovereign Investment Authority (NSIA) has said the agency invested over 500 million dollars in domestic infrastructure and over 1 billion
Aminu Sadiq, the Managing Director, NSIA, disclosed this at an investigative hearing by the House of Representatives ad hoc committee investigating the activities of the NSIA since it’s inception in Abuja on Tuesday
He said the net assets growth of three agency has grown from N156 billion names in 2013 to N1. 017 trillion as at the end of 2022. He said technically, the states were real owners of the NSIA since they control over 54 percent of the shares of the agency alongside the local government. He disclosed that in 2022, the governors requested a presentation on the operations of the NSIA from the management, adding that “we were satisfied with the presentation and what they are doing.
“Every single project executed by the NSIA is located in a local government and so, they are beneficiaries of the NSIA projects and we are satisfied with what they have been doing”.
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