Fund vehicle

NSIA-JICA Impact Innovation Fund

Compiled from public sources

The Impact Innovation Fund is a US$50 million blended finance vehicle established through a partnership between the Nigeria Sovereign Investment Authority (NSIA) and the Japan International Cooperation Agency (JICA). Launched in February 2026, the fund is structured as an onshore public vehicle designed to provide patient, local-currency capital to Nigerian startups. It specifically targets pre-seed, seed, and early-stage ventures that address critical social and infrastructure challenges in sectors such as agriculture, healthcare, education, financial inclusion, and renewable energy. The fund utilises a unique "co-creation" model—the first of its kind for Japanese development assistance—whereby a US$14 million grant from JICA serves as first-loss capital to de-risk investments and attract matching capital from the NSIA and private investors.

Manager

Nigeria Sovereign Investment Authority (NSIA)

Vintage

2026

Strategy

Venture Capital

Target size

$50m

Size

$34m

Status

Active