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Stakeholders brainstorm on strategies to tackle developmental challenges

Stakeholders in the public and private sectors brainstorm on the strategies for leveraging philanthropy and impact investing to create jobs and promote sustainable development in Nigeria.

They disclosed this during a webinar titled “Stimulating Corporate Philanthropy and Impact Investing for Job Creation in Nigeria”.

The event was hosted by the Nigeria Office for Philanthropy and Impact Investing (NPO) in collaboration with the Impact Investors Foundation (IIF) and Lagos Chamber of Commerce and Industry (LCCI).

In her opening remarks, the Chairperson, Nigeria Office for Philanthropy and Impact Investing (NPO), Thelma Ekiyor-Solanke, said the event is an opportunity to share best practices on the role corporate philanthropy and impact investing play in driving positive societal change.

She said, “The insights from this webinar will be helpful for corporates seeking to be more effective in their giving and help them create a structure around their philanthropic initiatives.”

Drawing from his extensive experience, the Keynote Speaker, Otunba Bimbo Ashiru, who is the Chairman of Odua Investment Company, illustrated how Odua Investment Foundation is bridging creating a positive change through youth empowerment, healthcare and digital education for young children to equip them with the skills they need for the future.

He emphasised the need for more organisations that are on the sidelines of philanthropic investments to sufficiently engage their immediate and extended communities to address critical societal challenges.

Otunba Ashiru said, “Corporate philanthropy and impact investing have the potential of becoming a more integral and impactful instrument for building a more sustainable society. Both have the capacity to improve national productivity one investment at a time, but more importantly they can catalyst the long-term growth of the economy and job creation.”

In his welcome remarks, the President and Chairman of the Council, LCCI, Mr. Gabriel Idahosa,  called for an alignment of corporates’ philanthropic endeavours with strategic business objectives and the needs of local communities, in order to drive economic growth and corporate profitability.

He said, “We need the commitment of both public and private sectors to address the pressing issue of unemployment and empower our citizens with opportunities for more meaningful livelihoods.”

Ms. Etemore Glover, CEO of Impact Investors Foundation, set the context for the discussion by emphasising the need for inclusive investment and development.

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