Business
NCDF Launches Future Nigeria Development Fund Initiative
By GWG Business Editor
The Nigerian Capital Development Fund (NCDF) has finalised plans to launch the Future Nigeria Development Initiative (FNDI), a transformative program designed to drive impact investing, human capacity development, and technical assistance across Nigeria.
This initiative aligns with Nigeria’s national development goals and the Renewed Hope Agenda of President Ahmed Bola Tinubu, focusing on job creation, economic inclusion, and sustainable infrastructure development.
The Executive Chairman, NCDF, Hareter Oralusi said the organization is interested in investing in projects that will create social impact, especially job creation with start-up businesses, renewable energy and capacity building for local governments.
With discussions ongoing with Edo State government, Oralusi reaffirmed commitment to deep collaboration with the state and other regional stakeholders, ensuring that FNDI’s impact is felt across all levels of society.
“FNDI is more than a funding program—it is a movement that will transform communities, create jobs, and drive national prosperity. With the support of progressive leaders like Governor Monday Okpebholo, we will ensure that impact-driven investments fuel long-term economic growth, particularly in key sectors such as renewable energy, affordable housing, and entrepreneurship,” said Oralusi
The Future Nigeria Development Initiative is set to unlock new opportunities for startups, SMEs, renewable energy projects, affordable housing, and community infrastructure by mobilizing impact-driven investments and strategic partnerships.
Through the NCDF Opportunity Growth Fund and the NCDF Sustainable Impact Fund, FNDI aims to bridge the financial gap for businesses and projects that contribute to national prosperity and economic transformation.
The initiative is a direct response to the need for sustainable financing, economic empowerment, and innovative development models that foster long-term economic resilience in Nigeria.
The Key Objectives of FNDI are Impact Investing – Mobilizing capital for startups, SMEs, and social enterprises in key sectors such as agriculture, digital economy, fintech, and renewable energy; Human Capacity Development – Providing entrepreneurship training, vocational education, and financial literacy programs to empower youth and small business owners; Technical Assistance – Offering business support, financial advisory, and capacity-building programs to enhance project sustainability and long-term impact.
The initiative is expected to mobilize ₦500 billion+ in impact investments over the next five years, supporting more than 500 startups and SMEs, creating 50,000+ jobs, and delivering sustainable infrastructure projects nationwide.
The FNDI is deliberately supporting the Renewed Hope Agenda of President Bola Ahmed Tinubu, NCDF is committed to advancing the Renewed Hope Agenda by ensuring that its investments directly contribute to inclusive economic growth, financial inclusion, and poverty reduction.
The FNDI’s core pillars align with the administration’s priorities of Job Creation & Economic Prosperity – Strengthening local industries and creating employment opportunities; Affordable Housing & Urban Development – Ensuring accessible and sustainable housing for Nigerians; Renewable Energy & Sustainability – Investing in green energy projects to promote environmental responsibility and SME Growth & Innovation – Providing financial and technical support for startups and small businesses.
NCDF is seeking collaboration with investors, financial institutions, government agencies, corporate organizations, and development partners to join this transformative journey. The Future Nigeria Development Initiative provides a unique platform for stakeholders to contribute to sustainable economic growth, drive national development, and create lasting impact.
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