How far has NSIA come in 7 years?
How are the Future Generation and Stabilization funds doing at the moment?
How do developments in the global market affect the stabilization fund?
Is it a deep concern for us?
How about the Future Generations Fund?
We also have what we call diversifiers, where we invest in funds and they invest in health care, aircraft leasing, commodities and all that. This is designed to be a diversified pool of assets, so that no one asset takes you down, we have had seven straight years of solid performance with the Future Generations Fund. We are not designing this fund for best returns because that also means we are going to take a lot of risks, meaning in a bad year it could just be destroyed, we are not yet at the point where we can take those kinds of crazy risks. We are designing it to have stable, steady returns from performance standpoint. Risk management for us is a very core principle that we adhere to ensure we don’t make any mistakes. Any major misstep will be a problem, so we are trying to be diversified, manage our risks appropriately, going to these markets with a little bit of care just to make sure that returns are stable and steady. But it has been okay, the third quarter audit just started, the first two quarters were okay. I think in terms of earnings so far, it’s about N25bn in the first six months of the year, but again markets are volatile.
Are you hopeful of fresh funds?
Are there other plans to expand NSIA capital without necessarily looking to government considering low revenues amid in face of many priorities?
How do you think that’s going to happen, considering controversies that can it throw up?
You did mention recalibrating how NSIA assets will be allocated, how far have you gone with that?
What’s NSIA approach to hedging itself against shocks and volatility?
How are you able to gauge what to invest in and when?
What’s NSIA role in the agriculture sector?
What are your projections with these farms?
How about the health sector?
Is the NSIA is positioning its healthcare investments to tackle huge brain drain challenge in the country?
Are you in talks with the state governors on this?
Can you speak to NSIA’s involvement in the power sector?
Can you speak to your investments under the PIDF?