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There's a staggering lack of investment in Nigeria's education, health, and agriculture sectors, as well as in the country's overall economy, according to a new report.
The report by the Nigerian Economic Summit Group and the Nigerian National Advisory Board for Impact Investing found that only about 1% of the country's economy is invested in "critical" sectors such as education, health, and agriculture, as well as in the overall economy, the Guardian reports.
The report also found that women are "grossly underrepresented" in access to impact investment, with only about 1% of funds invested in the education, health, and agriculture sectors, as well as in the overall economy, even though gender indicators in those sectors are still "widely unavailable."
The chairman of Impact Investor's Foundation, which produced the report, says there is a need to "identify beneficial instruments for the sectors, identify restrictive policies and suggest incentives to increase impact investment," as well as to "free up the much-needed capital for the agriculture, health, and education sectors."
The chief economist of the NESG, Dr. Olusegun Omisakin, says there is a "significant emphasis on agriculture, health, and education" and that there is low participation from local investors
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