NICOP Promotes Blended Finance in Nigeria

On the 30th  of June 2022, NICOP participated in a hybrid workshop that shared learnings on the structuring of blended finance in Nigeria, its scalability, challenges, and the opportunities that blended finance offers. The workshop had in attendance diverse actors from the finance ecosystem.

The main objective of the workshop was to strengthen the evidence base of blended finance vehicles in Nigeria, increase knowledge and understanding of what blended finance structures have worked and how they can be replicated. Additionally, the workshop aimed to increase partnerships, commitment, and collaboration for building the blended finance market in Nigeria as means of increasing the impact capital for social investment.

The NICOP access to finance pillar was represented by Yakubu Paiko who participated in the panel of discussants and shared the NICOP´s experiences and approaches on blending finance, lessons learned, and the opportunity for collaboration on the establishment of wholesale impact investment fund in Nigeria. 

The Nigeria Competitiveness Project, NICOP, is implemented under the GIZ SEDIN programme and it is co-financed by the European Union and the German Federal Ministry for Economic Cooperation and Development (BMZ)