To provide stabilisation support in times of economic stress.
Initial % Asset Allocation (Pre - 2017)
20%
Current % Asset Allocation
20%
Strategic Asset Allocation / Focus Sectors
Asset Class
Allocation
US Treasuries & Investment
Grade Corporate Fixed
Income
75%
Cash
25%
Mandate/Recent Investments
Capital preservation and liquidity. The Stabilisation Fund thus has a short-term investment horizon and invests in conservative fixed income mandates.
Expected Average Annualized Returns
US CPI
Investment Horizon
Short Term
Objective
To invest in a diversified portfolio of growth investments to provide future generations of Nigerians a savings base for such time as the hydrocarbon reserves are exhausted.
Initial % Asset Allocation (Pre - 2017)
40%
Current % Asset Allocation
30%
Strategic Asset Allocation / Focus Sectors
Asset Class
Allocation
Public Equity
Private Equity/Venture
Absolute Return
Cash & Other Diversifiers
30%
25%
20%
25%
Mandate/Recent Investments
Public Equity is split 50% Developed markets and 50% Emerging Markets
Private Equity Commitment is split roughly 25% secondary and 75% primary interest.
Absolute returns: Four Hedge fund strategies such as global macro, credit, long/short equity etc.
Others include Aircraft leasing, Healthcare royalty, commodity etc.
Expected Average Annualized Returns
US CPI + 400 BPS
Investment Horizon
Medium to Long Term
Objective
Enhance the development of infrastructure, primarily through investment in domestic infrastructure projects that meet targeted financial returns.
Initial % Asset Allocation (Pre - 2017)
40%
Current % Asset Allocation
50%
Strategic Asset Allocation/Focus Sectors
Focus Sectors
Agriculture
Healthcare
Motorways
Power
Gas Industrialisation
Financial Markets
Technology
Mandate/Recent Investments
Gas Industrialisation: Co-developing a US$1.4 billion Ammonia Plant with OCP of Morocco
Technology: Set up a US$200 million innovation fund for investments in Information technology in Nigeria
Agriculture: Set up a US$200 million agriculture fund with Old Mutual of SA
Healthcare: Invested US$22million in Cancer treatment and development of diagnostic centre in Nigeria.
