News

Abuja– 26 April 2024 - The United Nations Development Programme (UNDP) in Nigeria, the UNDP Sustainable Finance Hub (SFH) in collaboration with the Government of Nigeria and the European Union (EU) is pleased to announce the successful facilitation of investments totalling USD 15 million for three (3) ground-breaking enterprises in Nigeria that are contributing towards the Sustainable Development Goals (SDGs). This achievement marks a significant milestone in advancing sustainable development through private sector contributions.

The United Nations Development Programme (UNDP), with the unwavering support of the European Union (EU) in Nigeria, successfully delivered the inaugural Sustainable Development Goals (SDG) Impact Standards training for impact-driven enterprises on 28 to 30 October 2023 on the sidelines of the 6th Annual Impact Investors Convening. This marks a pivotal moment in reaffirming the organizations' joint commitment to steering positive change and fostering equitable progress.

UNDP and the European Union (EU) identify 17 Nigerian enterprises that have developed at-scale products and services for Nigeria's sustainable development progress through the Growth Stage Impact Ventures (GSIV) programme, based on the priorities established in the Nigeria SDG Investor Map.

Developed by UNDP, the Growth Stage Impact Ventures (GSIV) programme seeks to identify enterprises from developing countries that have developed at-scale products and services that contribute to the SDGs while achieving commercial success. Identified ventures have a proven impact, demonstrated product-market fit, and a revenue-generating self-sustainable model to attract local and international capital.

The Growth Stage Impact Ventures (GSIV) programme identifies through a highly competitive process enterprises from developing countries that have developed at-scale products and services that contribute to the SDGs while achieving commercial success and are committed to embed impact considerations into decision-making. By showcasing and supporting these ventures, UNDP aims to bring forward evidence of the existence of pipelines of investable ventures that can advance the transition to SDG-aligned investment in developing countries. 

UNDP Nigeria produced a documentary to showcase state and sector specific investment opportunities in the country, based on the Nigeria SDG Investor Map. The documentary highlights the business environment as well as policy and regulatory incentives provided by the government to attract both domestic and international private sector capital.