The Nigeria Sovereign Investment Authority, responsible for managing the country’s Sovereign Wealth Fund, has just announced a staggering 1,122% increase in its total comprehensive income for the year 2023. This impressive figure now stands at N1.18 trillion, a significant jump from the N96.96 billion reported in 2022.
In their recently released 2023 audited financial results, NSIA revealed that their total Comprehensive Income (excluding foreign exchange gains) saw a remarkable increase from N21.39 billion to N164.69 billion, marking a 670% rise. This exceptional growth has been attributed to the Authority’s strong strategic asset allocation and commitment to best-in-class enterprise risk management processes.
This news showcases the NSIA’s dedication to maximizing returns on investments and ensuring financial stability for Nigeria’s future. With a clear focus on prudent financial management and risk mitigation, the Authority continues to make significant strides in securing the country’s economic prosperity.
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