The Nigerian Capital Development Fund (NCDF) has announced the commencement of a $1 billion investment initiative aimed at fostering inclusive economic growth and sustainable development across Nigeria.
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The initiative will focus on six critical sectors: renewable energy, affordable housing, healthcare infrastructure, agriculture, financial inclusion, and startup financing. According to NCDF, the programme will be implemented through innovative public-private partnerships, blended financing, and diaspora capital mobilisation strategies.
Speaking on the launch, the Executive Chairman of NCDF said the initiative represents a strategic commitment to unlocking Nigeria’s potential by tackling urgent developmental challenges with structured capital and impactful collaboration.
Under the plan, NCDF will invest in rural electrification and industrial expansion through renewable energy infrastructure, while over 10,000 affordable housing units are expected to be developed in partnership with state governments and diaspora investors.
The fund will also channel resources toward modernising healthcare facilities and expanding digital health services. In agriculture, it will support the development of agro-processing hubs to boost productivity and enhance food security.
Other focus areas include increasing access to microinsurance and digital financial services for underserved populations, and funding tech-driven, high-growth startups via the NCDF Opportunity Growth Fund.
To realise these objectives, NCDF is partnering with governments, development finance institutions, and private equity firms to co-finance socially impactful projects. The fund’s governance model is built around transparency, regulatory compliance, and delivering both financial and social returns.
The initiative is also expected to provide the Nigerian diaspora with structured opportunities to reinvest in the country’s development, while encouraging global institutional investors to be part of Nigeria’s transformation journey.
