NCDF launches $1b investment programme to support economic development

The Nigerian Capital Development Fund (NCDF) has launched a $1 billion investment initiative to acceleratie inclusive economic growth and sustainable development across the country.

The programme, which is already underway, is being implemented through a combination of public-private partnerships, blended finance structures, and diaspora capital mobilisation and is designed to align with Nigeria’s national development priorities and the United Nations Sustainable Development Goals (SDGs).

NCDF reveals that the investment will be channelled into six strategic sectors: renewable energy, affordable housing, healthcare infrastructure, agriculture, financial inclusion services and startup and innovation financing.

According to the Executive Chairman of NCDF, Hareter Babatunde Oralusi, who noted that the programme is not just about funding but about delivering real impact and structured capital to address Nigeria’s pressing development challenges.

“This initiative is more than an investment programme, it is a commitment to unlocking Nigeria’s vast potential by addressing the country’s most pressing development needs through structured capital and impactful partnerships.

“With this fund, we are creating opportunities for millions of Nigerians while delivering bankable projects that meet global investment standards,” Oralusi said.

In the area of renewable energy, NCDF expressed plans to invest in scalable clean energy infrastructure to support rural electrification, industrial growth, and climate resilience. While under its Diaspora Affordable Housing Programme, the fund will also support the development of over 10,000 housing units in collaboration with state governments and diaspora stakeholders.

They further explained that the healthcare component will focus on expanding and modernising health facilities, diagnostic centres, and digital health platforms, while investments in agriculture will target agro-processing hubs and value-chain infrastructure to enhance food security and productivity.

The fund will also promote financial inclusion by enabling access to micro-insurance, agency banking and digital financial services for underserved communities.

Through the NCDF Opportunity Growth Fund, the initiative will support high-growth, tech-enabled startups and SMEs across various sectors. The fund’s approach includes co-investment with federal and state governments, development finance institutions (DFIs), sovereign wealth entities, and private equity firms. NCDF emphasises a governance model that ensures transparency, regulatory compliance and dual return outcomes, financial and social.

The initiative also presents a risk-managed opportunity for diaspora communities to reinvest in Nigeria’s future through housing, enterprise, and community development.

In addition, NCDF has extended an invitation to global institutional investors, development finance institutions, and strategic partners to join the programme, which it says is anchored on impact and sustainability.

Souce link: https://guardian.ng/business-services/ncdf-launches-1b-investment-programme-to-support-economic-development/