The Sovereign Wealth Fund manager disclosed that earnings from interest income, infrastructure business revenue, and fiduciary activities’ management fees increased by 34.5 per cent amounting to N15.7bn year-on-year growth.
Among other things, the NSIA developed or co-developed over 10 institutions and platforms to improve the financial market ecosystem. The MD declared that the sovereign wealth manager recorded the 10th straight year of continuous positive earnings despite volatility and headwinds across global markets.
‘’It is however noteworthy that earnings from interest income, infrastructure business revenue, and fiduciary activities’ management fees increased by 34.5 per cent year on year. These returns provided the needed diversification of the Group’s revenue base and cushioned the effect of the decline in the earnings from the market-facing assets,” he explained.
‘’For emphasis, we have on behalf of the present and future generations expanded our focus sectors to include climate finance, renewable energy, innovation, and technology. This is in addition to the priority sectors we had maintained over the years namely agriculture, motorways, power, healthcare, and gas industrialization,’’ he stated.
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