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Impact Capital at Work in Nigeria

Business1 min read
Impact Capital at Work in Nigeria

The Nigerian Capital Development Fund (NCDF) is leading a quiet revolution in impact investing in Nigeria, bridging the gap between traditional finance and social development. Over the past decade, Nigeria has emerged as a dynamic frontier for impact investing, with money flowing into renewable energy, healthcare, agriculture, education, affordable housing, and financial inclusion.

NCDF, founded by Hareter Babatunde Oralusi, aims to deliver bankable returns alongside social dividends, transforming the country's development landscape. The organization has unveiled an ambitious $1 billion Nigeria Impact Investment Development Plan (NIIDP) aligned with the country's National Development Plan, seeking to catalyze investment across all six geopolitical zones.

NCDF's impact portfolio includes projects in renewable energy, healthcare infrastructure, affordable housing, agriculture, and digital financial services, shaping a new ecosystem for private capital to work towards national development goals. Oralusi's background in development finance, social enterprise, and philanthropy, along with his Yoruba royal heritage and.

Plus234Feed summary based on reporting from This Day. Read the original report below.

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