Nigeria to Host Africa Sovereign Investors Forum in 2025
By Patience Ikpeme
Nigeria is set to host the 4th Annual Meeting of the Africa Sovereign Investors Forum (ASIF) from June 15 to 17, 2025, in its capital city, Abuja.
The Nigeria Sovereign Investment Authority (NSIA) will serve as the host for this exclusive gathering, which will operate under the theme: “Leveraging African Sovereign Wealth Funds to Mobilise Global Capital for Transformative Development in Africa.”
The forum is expected to draw a distinguished roster of participants, including African Sovereign Wealth Funds, leading regional and global institutional investors, and other relevant stakeholders. The aim is to explore effective strategies for catalyzing sustainable socio-economic transformation across the continent through strategic capital mobilization and cross-border synergies.
Aminu Umar-Sadiq, the Managing Director and Chief Executive Officer of the NSIA, stated that the upcoming forum demonstrates the agency’s commitment to fostering meaningful collaborations that drive positive outcomes and reshape the narrative surrounding Africa’s economic potential.
The NSIA, established in 2011 by an Act of the National Assembly, serves as the manager of Nigeria’s sovereign wealth fund. Its core mandate is to manage and invest surplus income derived from Nigeria’s oil reserves across three key funds: the Stabilisation Fund, the Future Generations Fund, and the Nigeria Infrastructure Fund.
The Authority commenced operations in 2012 with an initial seed capital of $1 billion and has since grown its assets under management, consistently reporting profitability for over a decade. For instance, the NSIA announced a record profit of N1.86 trillion for the 2024 fiscal year, marking its 12th consecutive year of profitability, with net assets nearly doubling to N4.35 trillion by December 2024.
The NSIA has a proven track record of significant investments in critical sectors aimed at national development. These include healthcare, with notable projects like the NSIA-LUTH Cancer Care Centre in Lagos and investments in diagnostic centers in Umuahia and Kano. In agriculture, the Authority has a $200 million fund to address food security and boost domestic production, alongside its involvement in initiatives like the Presidential Fertiliser Initiative.
Its contributions to infrastructure are substantial, including participation in major road projects such as the Second Niger Bridge, the Lagos-Ibadan Expressway, and the Abuja-Kaduna-Zaria-Kano Road. The NSIA has also been instrumental in renewable energy, launching initiatives like the Renewables Investment Platform for Limitless Energy (RIPLE) and commissioning solar projects. In 2023, the NSIA also launched the NSIA Infrastructure Fund II to attract more capital for domestic infrastructure, co-investing with domestic and international partners in key priority sectors.
The Africa Sovereign Investors Forum (ASIF) itself was inaugurated in 2022 to promote peer-to-peer collaboration among sovereign wealth institutions across the continent. Previous meetings have provided platforms for dialogue and partnership, addressing critical development needs in areas like climate-resilient energy, technology, and healthcare.
Hosting the fourth edition of the forum further solidifies Nigeria’s position as a key player in Africa’s economic dialogue and provides a crucial opportunity to advance shared investment ambitions between African nations and global partners. The NSIA has indicated that the event will showcase Nigeria’s potential as an investment destination and a development partner, further reinforcing the role of sovereign wealth funds in shaping a new narrative for Africa’s future.
