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The government of Nigerian President Muhammadu Buhari has come up with a novel way to create jobs and boost the country's economy, the Guardian reports.
According to a statement from the office of Temitola Adekunle-Johnson, the country's senior special assistant to the president on Thelmas and Job Creation, the government plans to secure $200 million from philanthropic organizations in order to "create opportunities for employment across different target sectors," including renewable energy, agro-processing, furniture, and fashion.
The plan is to set up 12 "mega hubs" across the country that will "create opportunities for employment across different target sectors," Adekunle-Johnson says.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Creative Australia has announced the appointment of Leisa Bacon as its new Executive Director, Development and Partnerships.Bacon brings over 20 years of executive leadership experience in major...more
There is an estimated global climate investment gap of USD 6.1 trillion per year by 2030.Annual climate investments must increase fivefold to keep global temperature rises within 1.5 C by the end of...more
Daring Capital is an impact investing syndicate.Its mission is to invest in underrepresented founders building for-profit companies.These include individuals facing poverty, discrimination, or lack...more
The cultural festival organised by NAFEST had the various troupes in the country in participation, with the team from Anambra, in an amazing performance and cultural skills, emerging the most...more
The impact of climate change could drive fixed-asset losses of $560-610 billion per year across listed companies by 2035.The report aims to help business leaders recognise that the longevity of...more
In part one of a three-part article, Rick Heath examines why the Australian arts industry is not valued or invested in appropriately.The potential outcomes are so huge, says Heath.Has arts investment...more
Foundation: Venture Philanthropy Partners
Community-based organizations are one of the greatest levers for change, says Gretchen Van der Veer, CEO of Fair Chance.Funders can play a critical role by making strategic investments in nonprofits,...more
'New Realities, New Opportunities': AVPN South Asia Summit 2024 Announces Major Cross-Sector Initiatives.AVPN is the largest network of social investors in Asia.The Summit focuses on addressing South...more
'Impact investing is not just for returns, diversification but also risk reduction,' says LeapFrog CEO.Impact investing is emerging as a lower-risk alternative to traditional private equity,...more
Malaysia-based Bintang Capital Partners officially launched its second fund, BCP Asia Fund II, with a target corpus of $100-150 million early this year.The firm was also looking to broaden its LP...more
Social Entrepreneurship
Spotlight
Keeping Half the Profits Beats Non-profits for Social Impact
Melbourne social enterprise Who Gives A Crap sold nearly 3 million rolls of toilet paper in 2014/15 and gave half the proceeds to WaterAid Australia, but co-founder Simon Griffiths says the donation would have been less had the startup adopted a non-profit model when it launched two years ago.
