NSIA, World Bank Move to Fund Power, Port Projects in Nigeria

The Nigeria Sovereign Investment Authority (NSIA), in collaboration with the World Bank, is advancing plans to finance large-scale infrastructure projects across Nigeria, particularly in the power and maritime sectors.

Speaking at a press briefing on the Authority’s 2025 financial performance in Abuja, NSIA Managing Director, Aminu Umar-Sadiq, revealed that a new initiative known as the Nigeria Infrastructure Finance Guarantee Platform (NIFGP) would soon be launched.

He explained that the platform is a joint effort between the NSIA and the World Bank aimed at attracting private sector investment into critical infrastructure development.

According to Umar-Sadiq, the initiative is designed to address funding challenges associated with large-scale projects by incorporating key elements such as project preparation, viability gap funding, infrastructure financing, and credit guarantees.

He noted that the financing strategy will not be limited to the power sector but will also extend to other key areas of hard infrastructure, including airports, seaports, and power transmission systems.

The NSIA boss further disclosed that the Authority is expanding its investment footprint by partnering with investors in other countries within the Global South as part of its diversification strategy.

On financial performance, Umar-Sadiq said the NSIA recorded a Core Operating Income of ₦525.3 billion and a Core Total Comprehensive Income of ₦478.8 billion for the 2025 financial year.

He added that despite economic uncertainties both domestically and globally, as well as rising geopolitical tensions, the Authority delivered strong financial results.

The growth, he said, was driven by a capital injection of ₦360.8 billion, improved asset allocation strategies, efficient liquidity management, and a 35.8 percent increase in investment securities.

These factors, he noted, contributed significantly to strengthening the Authority’s balance sheet and overall financial position.

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