The CDC Group, UK’s publicly-owned impact investor has signed a memorandum of understanding with the Nigeria Sovereign Investment Authority (NSIA). The strategic investment partnership was designed to facilitate long-term inclusive growth and encourage private capital to scale up their participation in high-impact sectors of the Nigerian economy.
The agreement includes information sharing on prospective projects in Nigeria and Africa at large with the ambition to co-invest in sectors such as healthcare, agriculture, infrastructure and climate-resilience. The partnership is expected to foster collaboration on areas of knowledge sharing with an explicit objective of creating jobs and generating impact in Nigeria and across Africa.
The Chief Executive Officer, CDC Group, Nick O’Donohoe, said the CDC and NSIA have a shared vision and ambition for Nigeria’s large economy, diverse market and exciting entrepreneurial talent.
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