INFRASTRUCTURE FUND INVESTMENT POLICY STATEMENT

A Policy governs investments in Nigeria's Infrastructure Fund to fund critical infrastructure projects for long-term returns. It targets investment managers, project developers, and government entities seeking funding for infrastructure.

What Is This Policy?

The investment policy governing the Nigeria Infrastructure Fund, one of the three funds managed by the NSIA, which targets long-term investments in critical domestic infrastructure to generate risk-adjusted returns.

Who Does It Target?

NSIA investment managers and board Infrastructure project developers and sponsors Co-investors and development finance institutions Federal and state governments seeking infrastructure funding

What Does It Aim to Achieve?

Deploy capital into Nigerian infrastructure assets that deliver sustainable returns, catalyse private investment, and improve the quality of infrastructure available to Nigerians.

Key Features

Infrastructure Focus: Restricts investments to infrastructure sectors including transportation, power, healthcare, and agriculture. Return Requirements: Targets risk-adjusted financial returns consistent with the long-term nature of infrastructure investments. Co-investment Model: Structures investments alongside private sector co-investors to leverage NSIA capital and share risk. ESG Standards: Requires all infrastructure investments to meet defined environmental, social, and governance standards.

Current Status

Rollout Stage: Active - NSIA Infrastructure Fund is deploying capital Coverage: Nationwide infrastructure sectors Beneficiaries: Nigerian public through improved infrastructure; NSIA beneficiaries Funding: Nigeria Sovereign Investment Authority capitalised by the Federal Government

How to Access

Infrastructure project sponsors may present investment opportunities to NSIA Projects must meet NSIA financial, environmental, and social criteria Application method: Submit infrastructure investment proposals to NSIA at https://www.nsia.com.ng

Important Terms

NSIA is not a grant-making institution; investments must generate returns All projects subject to independent technical and environmental due diligence NSIA cannot invest more than prescribed limits in any single project

Official Resources

Website: https://www.nsia.com.ng Contact: Nigeria Sovereign Investment Authority (NSIA)

Legal Framework

Operates under the Nigeria Sovereign Investment Authority (Establishment) Act 2011, which created the Nigeria Infrastructure Fund. Draws on the Investment and Securities Act 2007, the Pension Reform Act 2014 for co-investment standards, and international best practice standards for sovereign wealth fund governance including the Santiago Principles.