The federal government has committed $50 million as anchor investment in the Nigeria Wholesale Impact Investment Fund (WIIF), marking its first close at $100 million.

The move is part of a broader strategy to stimulate inclusive, sustainable economic growth and support President Bola Ahmed Tinubu’s ambition of achieving a 7 per cent annual growth rate.

The development was disclosed Tuesday via the official X (formerly Twitter) handle of the Federal Ministry of Finance, following a high-level strategy session led by the minister of Finance and coordinating minister of the Economy, Wale Edun. The meeting brought together stakeholders from the Impact Investors Foundation (IIF), the Global Steering Group (GSG) for Impact Investment, and private sector leaders.

The Ministry described the WIIF as a “strategic initiative” targeting critical sectors such as agriculture, infrastructure, and digital innovation—areas considered essential for job creation, poverty alleviation, and long-term economic resilience.

During the meeting, participants reviewed the fund’s operational framework and agreed on next steps. These include a structured engagement with the Development Bank of Nigeria (DBN) to finalise the drawdown schedule for disbursing capital, as well as the design of innovative financing mechanisms such as government-backed guarantees to incentivise private-sector participation.