The Nigeria Sovereign Investment Authority, NSIA, says the agency has invested over five hundred million dollars in domestic infrastructure, while also investing over one billion dollars in a third party investment for Nigeria.
The Managing Director and Chief Executive Officer, NSIA, Mr Aminu Umar-Sadiq, made the announcement when he appeared before the House of Representatives Ad-hoc committee to Investigate the activities of the NSIA since inception.
He said that the agency has consistently achieved positive outcomes in the last ten years looking at its net comprehensive income.
The Managing Director and Chief Executive Officer said further that the NSIA has also carried out a robust infrastructure investment portfolio covering several critical sectors such as agriculture, healthcare and power, while developing over 10 institutions and platforms to improve the financial market ecosystem.
The Chairman of the Ad-hoc committee, Mr. Kuye Ademorin-Aliyu, said that the investigation seeks to amongst other things prevent waste and inefficiency even as he sought the cooperation of all stakeholders present at the hearing.
He said that the aim of the investigation was to ensure that the statutory provisions of the law establishing the agency was adhered to.
Mr. Ademorin-Aliyu added that the House wanted to be able to have answers to questions from Nigerians on how the funds of the agency were being managed, adding that if the need arises, the committee will visit sites of projects being handled by the agency to ensure value for money.
Oduyemi Odumade, Edited By Grace Namiji
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