Nigeria Government Investment Authority announces 1122% increase in revenue in 2023

The Government Investment Authority of Nigeria, which manages Nigeria’s sovereign wealth funds, has announced that total comprehensive income for 2023 will end at N1.18 trillion compared to N96.96 billion in 2022, an increase of 1122 percent. did.

This was included in the audited financial results for 2023 disclosed to DAILY POST on Friday.

With this, NSIA announced that its total comprehensive income (excluding foreign exchange gains) increased from 21.39 billion Naira in the previous year to 164.69 billion Naira, an increase of 670%.

NSIA attributes this growth to its robust strategic asset allocation and adherence to best-in-class enterprise risk management processes.

Source: dailypost.ng