The Nigerian Capital Development Fund (NCDF) has introduced a $1 billion investment programme aimed at driving inclusive economic progress and promoting sustainable development throughout Nigeria.
This large-scale initiative, which has already commenced, is being executed through a mix of public-private collaborations, blended financing models, and diaspora-driven investments. The programme is carefully aligned with Nigeria’s national development goals and the United Nations Sustainable Development Goals (SDGs).
According to NCDF, the funding will be directed toward six critical sectors: renewable energy, affordable housing, healthcare, agriculture, financial inclusion, and support for startups and innovation.
Executive Chairman of NCDF, Hareter Babatunde Oralusi, emphasized that the initiative goes beyond providing capital—it is focused on delivering long-term impact and strategic investment tailored to Nigeria’s key development challenges.
“This is more than just an investment plan; it’s a strategic commitment to unlocking Nigeria’s potential through carefully structured funding and impactful alliances,” said Oralusi. “We are opening doors for millions of Nigerians while backing projects that meet international investment benchmarks.”
In the renewable energy sector, NCDF plans to finance scalable clean energy projects to power rural communities, boost industrial activity, and strengthen environmental resilience. Under its Diaspora Affordable Housing Programme, the initiative will help build more than 10,000 housing units, in partnership with state governments and Nigerians living abroad.
The healthcare component includes upgrades to medical facilities, expansion of diagnostic services, and the development of digital health systems. In agriculture, the focus is on enhancing food production through investment in processing hubs and infrastructure that supports the entire agricultural value chain.
To advance financial inclusion, the fund aims to extend access to services like micro-insurance, agency banking, and digital finance to underserved populations.
Through the NCDF Opportunity Growth Fund, the initiative will also support fast-growing startups and small businesses, particularly those leveraging technology. This will involve co-investments with federal and state governments, sovereign wealth funds, private equity partners, and development finance institutions (DFIs).
NCDF assures that the programme will be guided by strong governance principles, regulatory compliance, and a dual focus on financial returns and social impact.
The initiative also opens the door for the Nigerian diaspora to contribute to national development through investments in housing, entrepreneurship, and community upliftment.
Lastly, NCDF has called on global institutional investors, DFIs, and strategic allies to join in the programme, which it describes as a mission rooted in sustainability and measurable impact.
