Its total revenue for 2022 totaled N111.4 billion, a 27.2 percent decline from 2021. This comprises of income earned from the Authority’s core assets within the three funds and its fiduciary activities in relation to its third-party managed assets.
Umar-Sadiq said the Authority’s strategic focus for 2023 will include driving growth through platforms, assessing exit opportunities from existing investments, attracting local currency capital, increasing third-party asset management portfolio and leveraging ESG as an asset class. NSIA’s activities and performance during the period under review showed that in spite of the challenging macroeconomic environment across markets, its non-volatile revenue such as interest income, revenue from infrastructure business, and management fees earned from fiduciary activities, grew 34.5 percent or N15.7 billion, year-over-year.
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