FG identifies N86trn financing gap in impact investment

The Nigerian National Advisory Board for Impact Investing (NABII) has identified a $186.17 billion (about N85.9 trillion) financing gap in Nigeria’s agriculture, health and education sectors. According to a statement by the board, this was part of the findings of the report on Investing for Impact in Nigeria aimed at unlocking the country’s impact investing […]

The Nigerian National Advisory Board for Impact Investing (NABII) has identified a $186.17 billion (about N85.9 trillion) financing gap in Nigeria’s agriculture, health and education sectors.

According to a statement by the board, this was part of the findings of the report on Investing for Impact in Nigeria aimed at unlocking the country’s impact investing potential with a focus on the agriculture, education and health sectors.

The Vice Chair of NABII, Engr Afolabi Oladele, stated this at a stakeholders’ validation workshop in Lagos, in partnership with the Nigerian Economic Summit Group (NESG).

He was confident that the findings would bridge the information gap for impact investing in Nigeria and accelerate its growth.

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The Vice President, Financial Markets, AFEX Commodities Exchange Limited, Oluwafunto Olasemo, emphasised the need for capacity building for all stakeholders, particularly MSMEs, investors and policymakers, to fast-track the growth of the impact investing ecosystem.