With the aim to strengthen economic sustainability through mobilisation of long-term capital for private sector financing, the Financial Sector Deepening Africa (FSD) Africa Capital Markets has sealed a partnership with the Pension Fund Operators’ Association of Nigeria (PenOp).

The deal was finalized in Lagos at a conference theme, ‘Mobilising Patient Capital Via Innovative Financing Structures for Sustainable Development.

FSD disclosed that as the largest economy in Africa, Nigeria has displayed resilience and substantial growth despite the negative impact posed by the COVID-19 pandemic and other macroeconomic constraints.

However, It also noted that to sustain its growth momentum and promoting economic development highly requires innovative financing solutions and the attraction of climate-smart private investments.

Director, Capital Markets, FSD Africa, Dr Evans Osano, further noted that the company’s representatives were in Nigeria to collaborate with their partner to see economic opportunities that could help the country to overcome its immediate climate challenges.

Similarly, at the conference, the Chief Executive Officer of PenOp, Oguche Agudah, while speaking, said Nigeria has the world’s largest number of poor people and out-of-school children and that inclusive growth is required to make the needed change.

He said that the country has a high level of rural-urban migration just as millions leave the country in search of greener pastures.

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