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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 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).

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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.

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