NCDF begins a $ 1 billion investment for inclusive and sustainable devt

Tuesday the Nigerian Capital Development Fund (NCDF) began its reference point of investment of $ 1 billion aimed at accelerating inclusive economic growth and sustainable development throughout Nigeria.

The program is structured to distribute capitals in six strategic sectors: renewable energy, affordable accommodation, health infrastructures, agriculture, financial inclusion services and start and innovation financing.

As a specialized impact investment institution and funds management, NCDF is implementing funds through innovative public-private partnerships (PPP), mixed financial structures and framework of the capital of the diaspora’s capital. The program is already underway and is in line with the Nigeria national development priorities and the United Nations sustainable development objectives (SDG).

Executive president of NCDF. Mr. Hareter Babundde Orallusi, “This initiative is more than an investment program – it is a commitment to unlock the vast potential of Nigeria by facing the most urgent development needs in the country through structured capital and the partnerships of great impact. With this fund, we are creating opportunities for millions of Nigerians, while offering bankable projects that meet global investment standards.”

The key sectors and the impact focus, according to him they are; Renewable energy: investments in clean energy infrastructures to support rural electrification, industrial growth and climatic resilience.

Orallusi said that the fund plans to develop over 10,000 housing units within the living program at affordable prices of the diaspora, in collaboration with state governments and the interested parties of the diaspora, expanding and modernizing healthcare structures, diagnostic centers and digital health platforms, among others.

NCDF is actively collaborating with federal and state governments, financial institutions for development (DFI), entity of sovereign wealth and interested parties of private equity to co -finance projects practicable and based on impact. The Governance model of the Fund guarantees transparency, regulatory compliance and double performance results: financial and social.