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Unemployment is a serious problem in Nigeria, with more than 200 million people out of work in the country as of last year, the Guardian reports.
To address the problem, President Muhammadu Buhari's government has set up the Office for Philanthropy and Impact Investing.
"We hope that this partnership we will be able to unlock skills and capacity-building advantages.
After this, we hope it will encourage more and more people to partner with the government in this area because the high rate of unemployment has caused social problems and insecurity," Thelma Ekiyor-Sorlanke, the head of the office, tells the Guardian.
One of the ways the office is trying to do that, per Ekiyor-Sorlanke, is by investing in areas like furniture manufacturing, renewable energy, and agriculture in the South-West region of the country.
"We see economic development as an essential combination between meeting statistics and also achieving social goals, so this partnership is supposed to allow us to actually have what we call impact investing," the managing director of Odu'a Investment Company tells the Guardian.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
"Nonprofit and the Arts: Dance Theatre of Harlem" is a conversation about nonprofit management, the arts, and the changing landscape.M.S.Smikle Jr, Robert Garland, and Anna Glass will speak.The event...more
Trump Administration Policies Create Challenges for Nonprofits - NonProfit PRO.Center for Effective Philanthropy surveyed 585 nonprofit leaders from February 3 to 21.85% of nonprofit leaders cited...more
Blended gifts offer opportunities to meld your personal, financial and charitable interests into a vision that will serve both you and Mass General.Massachusetts General Hospital is a non-profit...more
Foundation: San Diego Foundation
The San Diego Foundation awarded $838,704 in Opening the Outdoors grants to 24 nonprofit organizations that offer equitable access to outdoor spaces in San Diego County.Christina DeBenedict is the...more
Prospect Capital Corporation and Refuel Agency have joined forces to make a significant philanthropic impact on the veteran community.Refuel is a top media and marketing firm specializing in...more
Prospect Capital and portfolio company Refuel Agency have announced a philanthropic partnership focused on supporting military veterans.Through the John and Daria Barry Foundation's connection with...more
The Ireland Funds Pittsburgh Auction will be held on March 21 at 5 p.m.The auction includes two priceless packages, one just in time for the Steelers fan who wants to enjoy a unique overseas...more
Foundation: San Francisco Foundation
The Oakland Ballet's groundbreaking production, Angel Island Project, is a breathtaking 90-minute performance that transforms a painful chapter of American history into a moving tribute to resilience...more
Past Economic Theory Joint with Applied Theory Workshops | Kenneth C.C.Kennedy: "The Costly Wisdom of Inattentive Crowds" Sonia Doyle: "A 'Revision-Game' Concept of Stability and Cooperation in...more
Foundation: Charlotte Community Foundation
The Isles Yacht Club donated more than $22,000 to support the Culinary Arts Program at Charlotte Technical College.The donation marks the culmination of a three-year partnership, with the...more
Social Entrepreneurship
Spotlight
Philanthropy Shaping A New Miami
Many people, organizations and businesses in Miami are actively committed to philanthropy. As Javier Alberto Soto, president and CEO of the Miami Foundation, puts it, “Miami is home to a young, diverse demographic that’s looking for ways to get involved, ways to improve our community that aren’t traditional, like a formal gala.”
