The Managing Director & Chief Executive Office, Nigeria Sovereign Investment Authority (NSIA), Mr Aminu Umar-Sadiq, has disclosed that the Authority has committed $500 million to domestic infrastructure, while also enabling third-party investments of over $1billion.
He said this at an investigative hearing held on Tuesday by the Ad-hoc Committee constituted by the House of Representatives to investigate the activities of the NSIA since inception. He explained that the NSIA belongs to the three tiers of government consisting the federal government, state government, local government, including the FCT and its Area Councils.
He further reiterated that the NSIA has a robust infrastructure investment portfolio covering several critical sectors such as agriculture, healthcare, financial infrastructure, technology, innovation, and power. Additionally, he disclosed that the Authority has also developed institutions and platforms to improve the financial market ecosystem within the country.