NCDF applies for listing on Nigerian Exchange

Determined to minimise the scourge of poverty and deepen financial inclusion, the Nigerian Capital Development Fund (NCDF) has applied for listing on the Nigerian Exchange.

This move, according to a statement, is designed to mobilise capital for investment in projects, businesses and social enterprises with the intention to catalyse profitable financial returns and positive social impact on Nigerians, especially those below the poverty line.

The Chairman of NCDF Group, Hareter Babatunde Oralusi, said the organisation is leveraging on its pedigree to key into the vision of the federal government in alleviating poverty by promoting enterprises, financial inclusion and mobilising funds in a seamless manner for the vast majority of Nigerians who are unbanked, underbanked or lacking any form of financial knowledge.

“NCDF is working 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.

“Indeed, we are partnering with the Federal Government of Nigeria, the World Bank, the Central Bank of Nigeria, NERFUND, the African Housing Group, the National Directorate of Employment, First Bank, Commonwealth Telecommunication Organization, Copernicus International Consulting (United Kingdom) to actualise our vision,” Oralusi said.

The group has operated in Nigeria for 12 years on a sustainable public-private partnership model developing affordable housing, commercial and community assets, and technologies designed to accelerate eco-friendly developments.