A new report by a group called the Nigerian National Advisory Board for Impact Investing recommends that pension funds in the country be invested in sectors that can have a positive impact on the country's economy.
The report, which looked at the education, agriculture, and health sectors, found that most impact investment in Nigeria comes from international investors and deals are limited compared to the demand while local investors have the perception that these investments do not translate into financial returns, the Christian Science Monitor reports.
The report also recommends that pension funds be allocated to impact investing-related asset classes and that direct investment be approved in listed local companies that are ESG-complaint.
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