LAGOS, 13 APRIL 2022: The Private Equity and Venture Capital Association of Nigeria (PEVCA), and Impact Investors’ Foundation (IIF) today announce that both parties have entered a strategic partnership that will primarily support knowledge sharing and capacity building initiatives aimed at facilitating development in the private capital and impact investing markets in Nigeria.

Through this collaboration PEVCA and IIF will work with policymakers, regulators, industry associates, institutional investors, private capital investors and advisors, and other market operators to promote the growth of impact investing and unlock capital for social investments in Nigeria. Both parties will seek to create a knowledge-sharing environment, build capacity and understanding of relevant market stakeholders, and sponsor joint research.

Anna Evi-Parker, Executive Secretary, PEVCA, said:

“Without question, impact investment and impact investing vehicles play a critical role in addressing 21st-century challenges. In the face of a huge financing gap across sectors that provide sustainable development, private capital must be enlisted and appropriately channelled in plugging the gap and combating these challenges – persistent poverty, growing inequality, climate change, the effects of COVID-19, and other crises and inequities.

We are excited about PEVCA’s strategic partnership with IIF, and look forward to working closely in building capacity, sponsoring research, and driving policy that fosters long-term sustainable finance solutions within the ecosystem.”

Maria Etemore Glover, Projects Lead, IIF, said:

“There is a  need to be more intentional about creating relationships that will deepen our efforts to address our huge social and environmental challenges in Nigeria. The strategic partnership with PEVCA is coming at a time when IIF is deepening its efforts to grow the impact investing market through the establishment of the Nigerian National Advisory Board for Impact Investing (NABII). IIF will leverage the strength of PEVCA to drive the NABII’s agenda to strengthen and deepen the supply and demand for impact capital, supporting the capacity of ecosystem actors,  as well as develop and lead policy advocacies to improve impact investing and the Nigerian investment environment.

We are optimistic that the relationship between IIF/NABII and PEVCA will be instrumental to building a much stronger private capital and impact investing markets in Nigeria.