The Nigerian Sovereign Investment Authority (NSIA) has launched a landmark pan-African investment platform aimed at mobilising $50 billion in blended finance by 2030 to fund infrastructure, agriculture, and climate-resilient projects across Africa.
The initiative was unveiled at the 2025 Africa Sovereign Investors Forum (ASIF) held in Abuja, themed “Leveraging African Sovereign Wealth Funds to Mobilise Global Capital for Transformative Development in Africa.” The event gathered African political leaders, sovereign wealth fund executives, and private sector stakeholders to drive a united investment vision for the continent.
Speaking at the summit, President Bola Ahmed Tinubu, represented by Vice President Kashim Shettima, called for increased collaboration among African nations to fund long-term development and economic resilience.
“The time has come for African nations to harness our collective sovereign wealth as engines for pan-African prosperity,” Shettima said.
NSIA Chief Executive Officer, Aminu Umar-Sadiq, announced that member sovereign funds had committed to dedicating 30% of their investment portfolios to climate-resilient projects by 2030.
“By uniting our sovereign wealth, we’re not just preserving assets but building Africa’s future,” Umar-Sadiq stated, adding that the new platform would catalyze high-impact, long-term projects continent-wide.
A fireside discussion at the summit spotlighted challenges in translating global climate goals into tangible grassroots impact. Fola Aiyesimoju, GMD of UAC Nigeria, and Farouk Gumel, Vice Chairman of TGI Group, emphasized the need to align policy with practical realities on the ground.
“Farmers don’t ask about COP29; they ask if it’s rained enough to plant,” Gumel remarked, calling for better data investment to support agriculture finance models.
The forum welcomed new members, including Ghana’s Petroleum Fund and Zimbabwe’s Mutapa Investment Fund, expanding ASIF’s reach to 17 member nations. Three working groups were also inaugurated to focus on climate finance, agricultural development, and data infrastructure.
ASIF’s Council is scheduled to reconvene later in the year to assess progress and develop actionable frameworks for future investment across Africa.
