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What is Nigerian Capital Development Fund mean?
The Nigerian Capital Development Fund (NCDF) is an independent social investment financial intermediary institution. This hybrid organization was set up mainly to address the challenges of poverty in low income rural communities in Nigeria. The institution mobilizes capital from the public and private sectors to invest in projects, businesses and social enterprises with the intention to generate good financial returns and measurable positive social-environmental impact, as well as act as a champion to help increase awareness and confidence on the advantages of impact investing.
Furthermore, NCDF works towards actualizing the 17 United Nations Sustainable Development Goals which include poverty alleviation; improved education; access to clean water, sanitation, clean energy and good infrastructure; gender and economic equality in Nigeria. To ensure the implementation of these goals, NCDF operates projects in the housing, capacity development, agriculture, finance, environmental and hospitality sectors of the Nigerian economy.
NCDF is managed by a team of commercial and social enterprise professionals.
referencePosted on 10 Nov 2024, this text provides information on Miscellaneous in Community related to Community. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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