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· The United Nations Development Programme (UNDP) Nigeria haslaunched the Sustainable Development Goals (SDG) Investor Maps, as part of the Global UNDP SDG Impact Initiative
· The objective of the initiative is for driving greater and more diverse volume of capital to accelerate progress towards achieving the United Nations (UN) 2030 Sustainable Development Agenda
· The digital tool ( SDG Investor Maps) will provide market intelligence on investment opportunities and related impact data to identify and increase SDG-aligned actionable investments in Nigeria
The United Nations Development Programme (UNDP) Nigeria has launched the Sustainable Development Goals (SDG) Investor Maps, as part of the Global UNDP SDG Impact Initiative. The objective of the initiative is for driving a greater and more diverse volume of capital to accelerate progress towards achieving the United Nations (UN) 2030 Sustainable Development Agenda. The digital tool ( SDG Investor Maps) will provide market intelligence on investment opportunities and related impact data to identify and increase SDG-aligned actionable investments in Nigeria.
The initiative is supported by the Business for Peace Foundation (BfP) and would seek to pair investors with companies operating in Nigeria to build investment relationships and catalyze solutions across the Renewable Resources and Alternative Energy, Agriculture and Healthcare sector. Nigeria’s Minster of Finance, Budget and National Planning Ms. Zainab Ahmed is actively involved in the project.
To achieve Sustainable Development Goals, there is a critical financing gap of US$ 5-7 trillion per year globally. Coming specific
to Nigeria, the resource gap works out to $83 billion (N125trillion). The gap can be bridged only with private sector involvement since there is a limitation on the part of the governments to stretch due to its commitment to multifarious heads. However, at present, the level of private sector investment that supports SDG achievement is low. Only a fraction of globally invested assets of banks, pension funds, insurers, and transnational corporations are contributing to sustainable progress.
Ms. Zainab Ahmed underscored the need for innovative financing, meaningful private sector engagement, and the strategic deployment of development funds. She stressed the need for fostering collaboration at the national and regional levels, between government, civil society, and the private sector and with international development and financial partner institutions.
