NCDF Impact Club
NCDF Impact Club
NCDF Opportunity Growth Fund

Empowering 1,000 Businesses. Creating Jobs. Driving Nigeria’s Technological Future.

Accelerating Innovation, Entrepreneurship & Impact

  • The NCDF Opportunity Growth Fund (NOGF) is a transformative technology-first investment initiative launched by the Nigerian Capital Development Fund (NCDF) in partnership with the National Board for Technology Incubation (NBTI).The NCDF Opportunity Growth Fund is a venture capital fund committed to driving economic growth in Nigeria by investing in high-potential early-stage and mid-stage startups. Our portfolio spans key sectors, including fintech, health tech, enterprise software, artificial intelligence, and sustainable infrastructure.
  • NOGF is designed to catalyze the growth of 1,000 early-stage and growth-stage businesses across Nigeria through strategic investments in high-potential sectors such as Fintech, Agritech, Cleantech, HealthTech, Logistics, and Artificial Intelligence.
  • By combining capital, incubation, mentorship, and global partnerships, NOGF empowers tech-enabled businesses to scale rapidly, create jobs, and drive sustainable economic transformation.

Investment Snapshot

Fund Size

  • $150 Million

Target IRR

  • 15% – 20%+

Fund Horizon

  • Closed-Ended

Sector Focus

  • Fintech, Agritech, Cleantech, HealthTech, Logistics, AI

Target Impact

  • Investment in 1,000 businesses with the potential to generate thousands of jobs

Exit Strategy

  • Structured exits via IPOs, M&A deals, and private equity buyouts

Why Invest in NOGF?

Unleashing Nigeria’s Startup Ecosystem

  • Nigeria has one of Africa’s largest and fastest-growing digital economies, with the tech sector expected to reach $88 billion by 2027.

Tapping into Untapped Potential

Fintech

  • Delivering digital payments, AI-based lending, and blockchain solutions to over 40% of unbanked Nigerians.

Agritech

  • Disrupting a $50 billion agriculture sector with AI-powered supply chains and digital marketplaces.

Cleantech

  • Accelerating off-grid solar, energy storage, and AI-driven smart grids in the renewable energy space.

Healthtech

  • Meeting the demands of over 200 million people through telemedicine and mobile diagnostics.

Logistics

  • Powering e-commerce and last-mile delivery with smart mobility solutions and electric transport.
  • NOGF sits at the intersection of opportunity and innovation—supporting scalable startups that are shaping Nigeria’s digital future.

Programme Components & Investment Strategy

  • To create maximum impact, NOGF combines capital, technical support, and global connectivity into a single platform for success.

Programme Components

Incubator

  • Funding, workspace, and technical assistance for early-stage startups

Mentorship

  • Access to global experts, venture capitalists, and seasoned entrepreneurs

Acclerator

  • Scale-up support for high-growth ventures

International Summit

  • A global showcase linking Nigerian startups with investors, partners, and policymakers

Venture Capital Equity

  • Direct investments in businesses with strong growth potential and market traction

Investment Allocation Model

Technology & Digital Economy

  • 25% – Core investment in software, platforms, and digital infrastructure to drive innovation and economic transformation.

FinTech & Inclusive Finance

  • 20% – Investments in payment systems, digital lending, and financial inclusion tools targeting underserved populations.

AgriTech & Agro-processing

  • 15% – Funding for technology-driven agriculture, value-chain processing, and food security enhancement.

Healthcare & Bio-Innovation

  • 10% – Support for healthtech startups, telemedicine, pharmaceutical R&D, and health infrastructure.

Green Energy & Climate Ventures

  • 10% – Financing for renewable energy, climate resilience, and environmental sustainability ventures.

Education & EdTech

  • 10% – Capital for digital learning tools, vocational platforms, and access-driven education solutions.

Creative & Cultural Economy

  • 5% – Investment in arts, media, content creation, and heritage preservation through innovation.

Management/Contingency

  • 5% – Operational oversight, compliance, reserve capital, and administrative sustainability.

Risk Management & Mitigation Strategy

  • NOGF deploys a robust risk framework to protect investor capital while maintaining strong growth momentum:

Key Risks & Mitigations

Economic Volatility

  • Diversified portfolios and flexible exits

Currency & Inflation Risk

  • USD-pegged investments and forex hedging

Regulatory Uncertainty

  • Proactive engagement with government and full SEC compliance

Startup Execution Risk

  • Milestone-based funding, hands-on governance, and periodic audits

Exit & Liquidity Risk

  • Multiple structured exit options: IPOs, acquisitions, and secondaries
  • NOGF's proactive approach ensures long-term capital preservation, scalability, and consistent investor confidence.

Join the Movement – Invest in Nigeria’s Future

  • Are you ready to shape the future of Africa’s largest economy through innovation and entrepreneurship?
  • Whether you're an institutional investor, development partner, or a forward-thinking entrepreneur, NOGF offers a unique opportunity to unlock value, generate returns, and create lasting impact.
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  • Explore a diverse array of research, publications, and resources providing valuable insights on various topics through our Publications section. Access our library of books, reports, strategies, and studies, and feel free to reach out for specific topics or further assistance.
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