NCDF Opportunity Growth Fund (₦150 Billion Venture Capital LP)

NCDF Opportunity Growth Fund (NOGF) — Venture Capital for National Enterprise Development

Institutional Overview

The NCDF Opportunity Growth Fund (NOGF) is NCDF Invest’s dedicated venture capital and private equity platform — professionally structured as a ₦150 Billion Limited Partnership Fund fully regulated by SEC Nigeria.

The Fund provides early-stage, growth capital and institutional co-investment into Nigeria’s emerging SME champions, technology startups, and sector-transforming enterprises that serve as the future drivers of Nigeria’s non-oil economic transformation.

Fund Investment Thesis

  • Target: High-Growth Nigerian SMEs & Innovation Startups
  • Stage: Seed, Series A, Growth Equity, Expansion
  • Ticket Size: ₦100M – ₦1B per transaction (flexible growth staging)
  • Investment Horizon: 5–10 years
  • Target IRR: Competitive private equity benchmarks with risk-adjusted national development impact
  • Fund Legal Structure: SEC-Nigeria Regulated Limited Partnership Fund
  • LP Class: Institutional, Sovereign, Diaspora Cooperatives, DFIs & Corporate LPs

NOGF directly supports Nigeria’s national objectives for:

  • Industrialization
  • Youth & women enterprise development
  • Innovation ecosystem expansion
  • Domestic value chain strengthening
  • Non-oil export competitiveness

Priority Sectors

  • ✅ Financial Technology (Fintech, Payments, Agency Banking, Microfinance)
  • ✅ Health Technology (Diagnostics, Healthtech SaaS, Medical Supply Chains)
  • ✅ Education Technology (EdTech, Vocational Training Platforms)
  • ✅ AgriTech (Supply Chain Optimization & Value-Added Processing)
  • ✅ Clean Technology (Renewable Energy Startups, Circular Economy Solutions)
  • ✅ SME Platforms & Business Services (Cooperative Aggregation, Trading Platforms)
  • ✅ Women-Led and Youth-Owned Enterprises (40% Target Allocation

Fund Development Objectives

  • Institutionalize Nigeria’s early-stage capital markets
  • Bridge SME capital gaps underserved by commercial lenders
  • Build national champions positioned for regional scale across Africa
  • Support state government SME development targets
  • Link diaspora capital with local venture growth opportunities
  • Attract global LP participation into Nigeria’s entrepreneurial econom

Governance & Oversight

  • Fully regulated SEC Nigeria fund structure
  • Professional General Partner (NCDF Investment Management Plc)
  • Independent Investment Committee (Sector Experts & LP Advisory Members)
  • LP Advisory Board with Sovereign & Institutional LP Representation
  • Tier-1 Fund Administrator, Custodian & Legal Counsel
  • Quarterly LP Reporting, Annual Audits & SEC Compliance Filings
  • Full ESG Integration & Impact Monitoring

Why LPs Invest in NOGF

  • ✅ De-risked pipeline through NCDF’s Government-Embedded SME Deal Flow
  • ✅ High-impact sectors aligned with national development policy
  • ✅ Diaspora LP entry via regulated cooperative capital pools
  • ✅ Fully transparent fund governance structure
  • ✅ SEC Nigeria registration and capital markets compliance
  • ✅ Direct alignment with global DFI venture capital priorities

Contact LP Relations

Email: [email protected]

Tel: +234 70 1888 8063