Odu’a Investment Company Limited has signed a Memorandum of Understanding (MoU) with the Nigerian Office for Philanthropy and Impact Investing (NPO) to enhance funding for Micro, Small, and Medium Enterprises (MSMEs) in South-West Nigeria. This collaboration aims to focus on critical sectors such as agriculture, renewable energy, fashion, and furniture manufacturing.
Focus Areas:
– Agriculture
– Renewable Energy
– Fashion
– Furniture Manufacturing
Statements from Leaders
Thelma Ekiyor-Solanke, Chairperson of the Nigeria Office for Philanthropy and Impact Investing:
“We are pleased to work with our first batch of partners, engaging in different areas of interest. When each partner brings their expertise, we achieve a comprehensive impact. Through this partnership, we aim to unlock skills and capacity-building advantages, encouraging more collaborations with the government to address the high unemployment rate that contributes to social problems and insecurity.”
Abdulrahman Yinusa, Group Managing Director/CEO of Odu’a Investment Company Limited
“This partnership is crucial in achieving impact investing in the South-West region. We seek to balance economic development with social goals, focusing not just on profitability but also on employment generation and environmental sustainability. In impact investing, it’s essential to go beyond profit and loss to consider how many people are getting employed and how sustainable the developments are. This partnership aims to create jobs for our people and protect the environment.”
Goals of the Partnership
– Economic Development: The collaboration will foster economic growth by supporting MSMEs in key sectors.
– Job Creation: By providing funding and support, the partnership aims to generate employment opportunities in the South-West region.
– Environmental Sustainability: The initiatives will focus on sustainable practices to ensure long-term environmental protection.
– Capacity Building: The partnership will provide skills training and capacity-building programs to enhance the capabilities of local MSMEs.
The partnership between Odu’a Investment Company Limited and the Nigerian Office for Philanthropy and Impact Investing represents a significant step towards fostering economic growth, job creation, and environmental sustainability in South-West Nigeria. By focusing on critical sectors and leveraging the strengths of both organizations, the collaboration aims to create a positive and lasting impact on the region’s economy and communities.
