NSIA FUND TO SUPPORT TECH STARTUPS WITH $225,000
The Nigeria Sovereign Investment Authority (NSIA) is a government agency that was established in 2012 to manage the country's sovereign wealth fund. The NSIA in a broader spectrum, is an investment institution of the Federal Republic of Nigeria - set up to manage funds in excess of budgeted hydrocarbon revenues. It's recently declared sovereign wealth asset stands at $2,959,068,080.
In partnership with the British Foreign and Commonwealth Office, Old Mutual Insurance Nigeria, Private Infrastructure Development Group (PIDG), Central Bank of Nigeria (CBN), Bank Aus Verantwortung (KFW), and the International Finance Corporation - World Bank Group (IFC), the NSIA is responsible for investing the country's oil and gas revenues in a way that will maximize returns for the Nigerian people. In addition to its investment activities, the NSIA also runs a number of programs designed to promote entrepreneurship and innovation in Nigeria.
A popular question on the lips of many is - Nigeria Sovereign Investment Authority is under which ministry? - it will interest many to know that the NSIA is under Nigeria's Ministry of Finance. Furthermore, one of the most looked forward to NSIA incentive programs is The NSIA Innovation Prize, which is an annual award given to a Nigerian individual or organization who has made a significant contribution to innovation and entrepreneurship in the country. The prize has now been stepped up to $225,000 from $100,000, and is one of the most prestigious awards in Nigeria.
The NSIA Innovation Prize or NSIA Prize for Innovation is an annual award given to a Nigerian individual or organization who has made a significant contribution to innovation and entrepreneurship in the country, this award is made possible by the NSIA Fund. The prize is money before now was worth $100,000 but has now been increased to $225,000, and is one of the most prestigious awards in Nigeria.
The Nigeria Sovereign Investment Authority (NSIA) has announced a 2023 Prize for Startups and Technology Entrepreneurs. The prize will be worth a total of $225,000. The NSIA has launched the prize to celebrate Nigeria’s young entrepreneurs, who are driving the country’s growth and innovation. The prize will be open to startups and tech entrepreneurs who are aged 35 or younger and have a proven track record in their field.
Applications are now open till April 8, 2023. To enter, applicants must complete an online application form and submit a business plan, financial projections, and a video pitch. The prize will be awarded to the entrepreneur who demonstrates the most innovation, potential for growth, and social impact.
Another incentive program of the NSIA is
The Nigeria Sovereign Investment Authority Graduate Analyst Programme or NSIA Graduate Analyst Programme for short. The Nigeria Sovereign Investment Authority (NSIA) Graduate Analyst Programme is a 12-month programme that provides graduates with the opportunity to gain experience in the field of investment analysis. The programme is open to graduates of any discipline who are interested in a career in investment analysis. The programme provides participants with the opportunity to gain an understanding of the NSIA's investment strategy and how it is implemented. Participants will also be exposed to the various aspects of investment analysis, including economic analysis, financial analysis, and sector analysis.