The Nigerian Capital Development Fund (NCDF), in collaboration with the National Board for Technology Incubation and the London School of Social Enterprise and Sustainable Economics, has officially announced the call for applications for the Fortune Entrepreneur Accelerator, Summit & Venture Capital Programme.
A statement signed by the executive director, Public Sector NCDF, Chief Tajudeen Kareem, said this transformative initiative, scheduled to culminate in a national summit in Benin City, Edo state in September 2025, is designed to identify, develop, and fund Nigeria’s next generation of 1,000 high-potential startups across strategic sectors.
He mentioned the sectors to include agriculture, energy, fintech, healthcare, manufacturing, creative industries, and climate innovation.
“At the heart of the programme is the NCDF Opportunity Growth Fund, a dedicated venture capital vehicle providing up to ₦50 million in equity investment to selected startups.
“The fund aims to generate over $10 billion in long-term value, supporting Nigeria’s goals of wealth creation, youth empowerment, and industrial innovation.
“The Fortune Entrepreneur Programme is more than a start-up support initiative , it is a national platform to build unicorn enterprises that will drive Nigeria’s innovation economy. With the right support and capital, Nigerian entrepreneurs can build companies that rival the best in the world,” the executive chairman of NCDF, Hareter Babatunde Oralusi, stated.