Ford Foundation, ACA convene push for impact investing in Nigeria
Ford Foundation and the African Capital Alliance (ACA) have held an advocacy convening to sensitize corporates and high net worth individuals in Nigeria about the need for impact investing in sustainable development and capacity building in Africa’s biggest economy.
Impact investing connotes investments in firms, funds, and organisations, with the dual purposes of generating social and environmental impact and earning financial return; it entails leveraging private capital for social good.
Impact investing models have been deployed in developing and emerging economies to solve problems in various sectors, such as sustainable agriculture, renewable energy, and microfinance. It has also been used to address such issues as affordable and accessible housing, healthcare, and education.