The Minister of Finance, Budget and National Planning, Zainab Ahmed, has revealed that the assets of the Nigeria Sovereign Investment Authority (NSIA) increased from $1 billion in 2015, to $3.5 billion in 2021.

This was as President Muhammadu Buhari charged the new board of the authority to make more investments to boost the country’s economic diversification drive. Zainab spoken Wednesday at the inauguration of the third board of NSIA at the State House, Abuja.

She said from a base position of $1billion, when the Buhari administration assumed office in 2015, the NSIA now had about $3.5billion in assets.

The minister explained that the board would, on behalf of the Nigerian people, guide and oversee the NSIA management’s activities towards delivering outcomes that would transform the fortunes of the country. She stated, “Using the NSIA Act as its guide, the Board will be required to superintend initiatives that meet the current and future needs of Nigerians.

“On our part as a government, we will continue to support the authority with the necessary policies and framework to ensure that the mission of the institution is delivered in a transparent, sustainable and inclusive manner.”