Nigeria’s impact investing ecosystem is showing strong progress, with over N1.1tn mobilised through development finance institutions and local capital mechanisms, according to the latest report from the Impact Investors Foundation (IIF).
This was disclosed at the eighth Annual Convening on Impact Investing themed ‘Strengthening and Scaling the Nigerian Impact Economy’ held in Lagos on Wednesday.
The Impact Investors Foundation is a non-profit organisation driving impact investing in Nigeria.
Through knowledge sharing, policy advocacy, capacity building, and research, it unlocks domestic and international capital for high-impact investments.
Delivering a presentation on the new report titled ‘Nigeria’s Impact Investing Ecosystem Mapping and Market Sizing Report: Key Insights and Strategic Opportunities’, the Regional Representative, Innovision Global Africa, Iffat Mahmud, said, “N1.1tn in financing reaching over 700,000 SMEs is not just a number, it’s evidence that Nigeria’s impact market is growing in both depth and coordination.
“We’re seeing domestic capital work alongside international partners to fund businesses that deliver measurable social and environmental impact. This level of mobilisation shows that capital providers are no longer waiting for perfect conditions; they are finding solutions within the system.”
