Investor Presentaiton
Nigeria
Sovereign
Executive Summary Contd.
Investment
Authority
。 NSIA remains largest shareholder in Nigeria Mortgage Refinance Company (NMRC); third-largest shareholder in
Development Bank of Nigeria (DBN) by holding shares for Federal Government in trust and helping drive
implementation of Family Homes Fund (FHFL), sponsored by Federal Ministry of Finance; .
Future Generations Fund (FGF): 2017 was a strong year for global markets particularly for Emerging markets as they
turned in solid performance from the Public Equity Markets. FGF remained evenly apportioned across global public
equities, private equity, hedge funds and ‘other diversifiers' (which are investments designed to reduce correlation
with other asset classes). From a performance stand point, the Future Generations Fund was up 8.60% for the year.
Stabilization Funds (SF): The Authority maintained the liquidity and capital preservation objectives of the SF in line with
the fund mandate. At year-end 2017, returns under SF was up by 3.057% as the fund was fully invested.
Outlook:
2018 started off in a challenging manner. Global markets are poor as trade war between China and USA and
geopolitical concerns are weighing on the markets. We are still profitable but at a much reduced run rate. Most of our
peers are negative for the year.
Presidential Infrastructure Development Fund (PIDF): We have commenced the implementation of the PIDF project
which aims to invest in the 4 nationally strategic road projects covering all 6 geopolitical zone as well as 1 power
project namely; Second Niger Bridge, Lagos-Ibadan Expressway, Abuja-Kano Highway; East-West Road and Mambila
Power.
Ammonia Basic Chemicals Investment with OCP: An off-shoot of the Presidential Fertilizer Initiative is a development
of a basic chemicals platform in conjunction with OCP of Morocco to produce Ammonia for offtake by OCP. At the
moment two sites are being considered one in Onne (Port Harcourt) and another in Warri (Delta).
Through most of 2018 we shall focus on executing our Infrastructure Investment strategy.
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