The Managing Director of the Nigeria Sovereign Investment Authority (NSIA), Aminu Sadiq has said the agency invested over 500 million dollars in domestic infrastructure, and over one billion dollars in third party investment.
He said this at an investigative hearing by the House of Representatives ad hoc committee investigating the activities of the NSIA since its inception in Abuja on Tuesday
He said further that the NSIA has also carried out a robust infrastructure investment portfolio covering several critical sectors such as agriculture, healthcare and power, while developing over 10 institutions and platforms to improve the financial market ecosystem.
According to him, the agency has developed a 10 Me solar panel project with over 500 jobs to be created, 13,504 housing affordable housing units under construction, support over 236,000 farmers among others, adding the net assets growth of three agency has grown from N156 billion names in 2013 to N1. 017 trillion as at the end of 2022.
Also speaking, the Director-General, Nigeria Governors Forum (NGF) said that Local Government Areas in the country were mere appendages of the states and not a federeting unit and cannot technically be a direct beneficiary of funds from the Nigeria Sovereign Investment Authority (NSIA).
Represented by the Executive Director, Strategy and Research, Lateef Shittu, Director General of the Forum, A. B Okuaru said since the states are satisfied with the operations of the NSIA, the local government cannot claim not to be aware of projects being carried out by the agency.
He said technically, the states were real owners of the NSIA since they control over 54 percent of the shares of the agency alongside the local governments.