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 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, promoting 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.

A statement signed by its Director, Corporate Services, Tajudeen Kareem, quoted Oralusi, as saying: “NCDF is working towards actualising the 17 United Nations Sustainable Development Goals, which include poverty alleviation, improved education, access to clean water, sanitation, among others..

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

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.

“In close collaboration with our clients, we achieved asset development, sustainable practices, historic preservation, and innovative design. Every project is strategically selected to achieve transformative results for the company and communities.

“The group is passionate about investments and development-targeted approach, focusing on strategy that generates financial, social, and environmental benefits. 

“Because we have an established, credible brand and methodology, we formed many partnerships and strategic alliances with stakeholders to achieve our enterprise mission of creating job opportunities, providing homes, and infrastructural development”, the chairman explained.

NCDF is focused on creating long-term value for investors and most importantly, within host communities. This is achieved through robust research, planning and fine architecture.

Oralusi said the aim of the group is to serve their partners and provide quality investment, development and management throughout the group.

“Our business model demonstrates that connecting communities to the capital markets is a good investment opportunity that can deliver excellent returns and social impact,” he disclosed.

In the same vein, he said NCDF Investment Management Limited is set to offer a highly sophisticated, risk-controlled investment management service designed to achieve the best outcome for their businesses, investors, partners and clients. 

Established in 2009, NCDF has created investment and employment opportunities by providing quality investment, development, and investment management throughout the Group. 

The organisation has in the past 14 years mobilized innovative capital from the public and private sectors to invest in real estate, education, telecommunication, internet services, healthcare and infrastructure targeting the underserved market.