London, United Kingdom | 25 April 2026
The Nigerian Capital Development Fund Group (NCDF Group) has publicly announced its readiness to advance two major capital initiatives: the proposed ₦10.0 billion private placement of NCDF Holdings Limited and the £2.0 million first close of the Nigerian Diaspora Impact Fund (NDIF). The announcement was made in London by the Executive Chairman of NCDF Group, Hareter Babatunde Oralusi, during the launch of the Global Diaspora Investor Network, a new diaspora engagement platform established by EmergX Capital Partners Limited in the United Kingdom.
The initiatives are being positioned as part of NCDF Group’s wider US$1.0 billion investment programme for inclusive economic growth, sustainable development and long-term impact capital formation in Nigeria. The programme has been publicly presented as a multi-sector platform spanning renewable energy, affordable housing, healthcare, infrastructure, agriculture, financial inclusion services, startups and innovation financing, with deployment expected to be supported through public-private partnerships, blended finance structures and diaspora capital mobilisation frameworks.
Within that architecture, the proposed ₦10.0 billion NCDF Holdings private placement is designed to strengthen the Group’s institutional base, capitalise regulated execution capabilities and support governance-led expansion across the NCDF ecosystem.
The proposed £2.0 million NDIF first close is intended to serve as the initial mobilisation tranche for a broader £10.0 million diaspora impact fund programme, creating a disciplined channel for diaspora and aligned investors to participate in selected Nigeria-focused opportunities under controlled governance and documentation protocols.
A Controlled Capital Formation Sequence
According to Hareter Babatunde Oralusi, the proposed ₦10.0 billion NCDF Holdings Limited private placement is being positioned as a controlled strategic anchor equity round designed to strengthen the Group’s regulated execution platform, deepen institutional readiness, and support the next phase of governance-led expansion across the NCDF ecosystem.
Under the current transaction architecture, the proposed use of proceeds prioritises ₦2.0 billion for NCDF Investment Management Plc, ₦7.0 billion for NCDF Securities Limited under an underwriting-capable issuing-house posture, and the balance for HoldCo governance, legal and compliance, execution readiness, data-room preparation, technology-enabled operating systems and contingency. The transaction is being framed as an invitation-led, governance-driven process for selected sophisticated and strategic investors rather than a broad public campaign.
At the same event, the Executive Chairman also confirmed the Group’s readiness to advance the Nigerian Diaspora Impact Fund, a Nigeria-focused private fund to be managed by NCDF Investment Management Plc, with a £2.0 million first close as the initial tranche within a broader £10.0 million target programme. The Fund is designed to create a disciplined and institutionally governed channel through which diaspora and aligned investors can participate in carefully selected Nigeria-focused opportunities connected to the Group’s wider investment programme.
Alignment with NCDF Group’s US$1 Billion Investment Programme
NCDF Group stated that the ₦10.0 billion private placement, the £2.0 million NDIF first close and the subsequent £10.0 million Nigerian Diaspora Impact Fund target programme should be understood as component pathways within the Group’s broader US$1.0 billion investment programme, rather than isolated capital-raising exercises.
The US$1.0 billion programme is intended to support the Group’s long-term impact investment strategy across strategic sectors that are central to Nigeria’s economic transformation, including affordable housing, renewable energy, healthcare infrastructure, agro-industrial development, financial inclusion, enterprise development, technology-enabled innovation and productive infrastructure. NCDF Group noted that diaspora participation is a central part of this strategy. The Nigerian Diaspora Impact Fund and the Global Diaspora Investor Network are therefore being advanced as structured relationship and capital mobilisation pathways through which diaspora professionals, entrepreneurs, family offices, investment clubs and aligned strategic investors can engage with carefully curated opportunities within a more institutional framework.
“We are building with discipline, structure, and long-term credibility. The readiness of the NCDF Holdings private placement and the Nigerian Diaspora Impact Fund reflects our commitment to creating well-governed, investable platforms that can connect diaspora confidence with real economic opportunity in Nigeria.”
— Hareter Babatunde Oralusi, Executive Chairman, NCDF Group
Diaspora Capital as a Strategic Development Channel
Speaking on the significance of the announcement, Hareter Babatunde Oralusi described the two initiatives as important pillars in NCDF Group’s long-term capital-formation strategy, linking institutional readiness in Nigeria with disciplined diaspora and strategic investor participation across selected opportunity pathways.
He added that the Global Diaspora Investor Network is expected to serve as a strategic relationship-building platform to convene highnet-worth individuals, family offices, professionals, investment clubs, diaspora associations and aligned institutional participants around curated, compliant and institutionally structured opportunities connected to Nigeria’s growth and development priorities.
The Nigerian Diaspora Impact Fund is being structured as a private fund with controlled investor participation. EmergX Capital Partners Limited will act in the United Kingdom as an engagement platform for diaspora relationship-building, investor education and investor coordination within a carefully controlled communications framework. The target investor return for the Fund is currently projected at 13% to 15% per annum on an indicative basis and remains subject to final documentation, approvals, deployment performance and applicable regulatory requirements.
Governance, Documentation and Regulatory Controls
NCDF Group emphasised that both the NCDF Holdings private placement and the Nigerian Diaspora Impact Fund remain subject to applicable regulatory processes, final documentation, due diligence, investor qualification requirements and controlled communications protocols.
The Group further noted that no public offer is being made through this announcement. Any investor engagement will be undertaken through appropriate channels, with participation limited to qualifying investors and subject to relevant documentation, risk disclosures, adviser review, regulatory considerations and internal approval processes.
