By Oluwakemi Kindness
The Nigeria Sovereign Investment Authority (NSIA) has outlined key projects scheduled for delivery in 2026 across healthcare, digital infrastructure and renewable energy, even as it recorded a ₦322.4 billion unrealized foreign exchange loss in 2025.
Details from the Authority’s 2025 financial report show that several major initiatives are expected to come onstream in 2026 as part of its strategy to grow core revenue streams and expand investment impact.
In the healthcare sector, NSIA said its MedServe platform will scale up operations with a total of 11 diagnostic and cancer centres expected to be fully operational by the third quarter of 2026. This includes eight additional centres currently under construction.
The Authority stated that the expansion will enhance early detection, advanced diagnostics and specialised care services.
In the digital infrastructure space, NSIA is advancing its Kasi Cloud project, an indigenous hyperscale data centre platform expected to reach approximately 32 megawatts capacity at completion.
Phase I of the project is scheduled to commence operations in the second quarter of 2026 to support cloud services and digital infrastructure.
NSIA is also expanding its renewable energy investments through its RIPLE platform, with ongoing efforts to develop, finance and operate projects across generation, distribution and manufacturing.
The Authority confirmed progress on a 400MW solar PV module assembly plant in Ogun State, alongside continued deployment of clean energy solutions, including projects supporting healthcare facilities.
Despite these projections, the report highlighted the impact of currency movements on earnings.
NSIA recorded a net unrealised foreign exchange loss of ₦322.4 billion in 2025, compared to an unrealised gain of ₦859.4 billion in 2024, following a 6.5 per cent appreciation of the naira during the year.
The Authority, however, reported strong core financial performance.
Core operating income rose to ₦525.3 billion from ₦498.0 billion in 2024, while Core Total Comprehensive Income increased by 17.4 per cent to ₦478.8 billion—the highest recorded since inception.
Total assets also grew by 10.9 per cent to ₦4.91 trillion, supported by capital contributions and earnings from diversified investments.
NSIA said its investment strategy remains focused on portfolio diversification, efficient capital deployment and maintaining balance sheet resilience.
It added that its emphasis on stable, core income streams will continue to guide long-term value creation across its Stabilisation, Infrastructure and Future Generations mandates.
