NBTI Launches $600 Million Investment Pipeline for Innovation
The National Board for Technology Incubation (NBTI) has unveiled an investment and development-finance pipeline exceeding $600 million through international partnerships. This announcement was made by the Director-General of NBTI, Dr Kazeem Raji, during a news conference in Abuja.
The pipeline includes a $500 million solar-energy partnership with Gigawatt Global aimed at supporting Nigerian tertiary institutions and a $100 million financing memorandum of understanding (MoU) with Cambridge Investors. The financing MoU is designed to support President Bola Tinubu’s Light Initiative, which targets one million micro and small businesses across Nigeria.
Raji noted that the number of showcased innovators increased from 105 in the previous year to 298 in 2026, highlighting the growing innovation ecosystem. He urged private-sector investors and development partners to engage more deeply with Nigeria’s innovation landscape.
The broader context includes ongoing efforts to strengthen Nigeria’s innovation ecosystem and expand access to financing.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
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