Increasing the demand for impact capital
through capacity building programmes
Demand Working Group
The aim of this pillar is to increase the demand for impact capital for investments in investment ready MSMEs and Social Organizations(SOs) in Nigeria through capacity building programmes. Their importance in employment generation, economic empowerment, and poverty alleviation has long been recognized. The IIF 2019 landscape study highlighted some impending factors including lack of access to suitable capital, especially early- stage financing in local currencies, challenging macroeconomic environment, stringent loan conditions, high cost of transaction and reluctance of entrepreneurs to reduce their controlling equities. The study also revealed that most MSMEs in Nigeria were not investment ready thereby reducing the overall investment opportunity in Nigeria. For Social Organizations, especially service delivery NGOs, the major challenges include limited awareness/capacity for resource mobilization from the impact market and lack of a result/outcome-based culture in social service procurements in Nigeria.
Capacity building support is designed to strengthen organizations so that they can deliver more effective services and greater impact. To increase the demand for impact capital there are two types of capacity building: impact readiness and investment readiness, many organizations have a need for both types of support.
Working Group Members
|Adeshina||Emmanuel||Nigerian Investment Promotion Commission|
|Oluwakorede||Moshood||Comestibles AG Food Tech Limited|
|Habiba||Ali||Sosai Renewable Company|
|Rufus||Idris||USAID Feed the Future Nigeria Agribusiness Investment Activity|
|Ayodeji||Balogun||Afex Nigeria |
|Ndidi||Nnoli (DR)||Growing Business Foundation|