The United Nations Development Programme (UNDP) Nigeria has launched the Sustainable Development Goals (SDG) Investor Maps to attract investors into the agricultural, energy and health sectors.
The SDG Investor Maps is a country-specific digital tool that provides market intelligence on investment opportunities and is backed by relevant data to identify and increase SDG-aligned actionable investments in Nigeria.
According to UNDP Nigeria Representative, Mohammed Yahya, the 2030 Agenda for Sustainable Development which advocates private sector investment in achieving the SDGs has made the launch of the platform necessary.
At the launch, companies were paired with investors in each sector to address challenges and build innovative solutions to them.
Yahya further noted that the newly-launched platform is aimed at driving investors into target sectors as a strategy for achieving the UN 2030 Sustainable Development Agenda.
Meanwhile, the Minister of Finance, Budget and National Planning, Zainab Ahmed, has commended the initiative.
Ahmed noted that the project will help to ensure turnaround for investors in the country.
According to her, this kind of innovation which is targeted at boosting private investment in Nigeria is critical to achieving the country’s sustainable development agenda.
She explained, “We must foster collaboration at the national and regional levels between government, civil societies, the private sector and international development and financial institution partners.
“This is especially true given the challenging fiscal space and increasingly low domestic revenues post-COVID 19.
“Tools such as the SDG Investor Maps, therefore, ensure that investors are empowered with accurate, country-specific information regarding investment opportunity areas.”
The SDG Investor Maps piloted in Brazil in 2019. As of May 2020, reports suggested there were ongoing efforts to replicate same in Armenia, Colombia, China, Ghana, India, Jordan, Kenya, Rwanda, South Africa, Turkey and Uganda.