The Impact Investors Foundation (IIF) has named Frank Aigbogun, publisher of BusinessDay Media, as its new Chairman of the Board of Trustees. His appointment signals IIF’s commitment to advancing Nigeria’s impact investment landscape, fostering collaboration, and championing innovative solutions to address critical national challenges.
Aigbogun’s extensive leadership experience includes serving as editor at Vanguard, Lagos correspondent for the Associated Press, and publisher of BusinessDay since 2001. An alumnus of Lagos Business School, he contributed to Nigeria’s Vision 2010 economic plan and served on the National Competitiveness Council’s governing board.
Speaking on his new role, Aigbogun said, “This is an exciting opportunity to shape impact investing at a time when measurable, meaningful investments for Nigeria are crucial.”
Under Aigbogun’s leadership, the Nigerian National Advisory Board on Impact Investing (NABII)—an IIF initiative—has gained two new members: Tokunboh Ishmael, managing director of Alitheia Capital, and Gbenga Hassan, managing partner of Argentil Capital.
Ishmael, a trailblazer in gender lens investing and co-founder of Alitheia IDF, has raised over $100 million to invest in female-led African businesses. She said, “Joining NABII is an opportunity to scale impactful solutions addressing societal challenges while driving economic growth.”
Hassan, with two decades of experience in venture capital and private equity, is recognized for driving sustainable investments across sectors. He noted, “Impact investing holds the power to unlock Nigeria’s potential and create lasting value.
IIF CEO Etemore Glover expressed confidence in the leadership team, saying their collective expertise will advance IIF’s mission to unlock private capital for social investments. Since its inception, IIF has convened stakeholders from government, private, and social sectors to foster Nigeria’s impact investment ecosystem.
With Aigbogun at the helm and Ishmael and Hassan bringing strategic expertise, IIF and NABII are poised to drive sustainable development, economic empowerment, and impactful investments across Nigeria.
