Vice President Kashim Shettima has urged the Nigeria Sovereign Investment Authority (NSIA) to diversify its investment portfolio to support crucial sectors of the economy. Speaking to the NSIA Board at the Presidential Villa, Shettima emphasized the board’s responsibility as custodians of the nation’s wealth, calling for focused investment, especially in agriculture.

Shettima compared Nigeria’s sovereign wealth fund to global counterparts like Norway and Qatar, acknowledging the country’s late start but encouraging progress, saying, “It’s better late than never.” He also reassured the board of President Bola Tinubu’s support but stressed the need for collaboration to meet national goals.

NSIA Board Chairman Segun Ogunsanya reaffirmed the board’s commitment to transparency and accountability, assuring that both present and future generations would benefit from NSIA’s efforts. He cited the NSIA’s $150 million contribution during the COVID-19 crisis as an example of its role in stabilizing the economy.

Additionally, Air Peace Chairman Allen Onyema expressed optimism about the government’s initiatives to enhance the aviation sector, highlighting recent efforts to improve the ease of doing business in the industry.