The Nigerian National Advisory Board for Impact Investing (NABII) has launched its report, “Investing for Impact in Nigeria: A Deep Dive into Agriculture, Education, and Health Sectors”. It reveals that the Nigerian financial market has limited capacity to cater to MSME funding demands such as equity funding, grants, low-cost debt financing and patient capital.

The report unveiled at the 6th Annual Convening on Impact Investing in Lagos on Wednesday, provided recommendations for investing in MSMEs, and women-owned businesses, and unlocking pension funds to mobilise capital to drive growth in these sectors.

The study conducted by the Nigerian Economic Summit Group (NESG) and NABII, supported by the Global Steering Group for Impact Investment (GSG), OTT Impacto and funded by the International Development Research Centre (IDRC) found that most impact investment in Nigeria comes from international investors and the deals are limited compared to the demand while local investors perceive that these investments do not translate into financial returns.