The minister of Budget and Economic Planning, Abubakar Bagudu, has stated his readiness to make available the Federal Government’s commitment to Nigeria’s $100m Wholesale Impact Investment Fund.
Bagudu stated this at the sixth Annual Convening on Impact Investing themed: Catalytic Capital for Inclusive Growth and Development, held in Lagos on Tuesday.
In May 2023, the FG committed to contributing 50 percent of the initial raise of $100m of Nigeria’s WIIG which amounts to $50m.
Speaking at the event, Bagudu said, “All across our 36 states are hardworking men and women, who are not looking for handouts. They are waking up to work as early as 2:00 am but somehow the rewards are not commensurate with the efforts.
