Capital Market

January 28, 2021

Critical sectors to benefit as first crowd-funding platform emerges

‘Price level will remain upbeat’

Economy

By Peter Egwuatu

CAPITAL   MARKET

Giving.ng, a crowd-funding platform, has revealed an upgraded platform that eases the burden of social impact fundraising as critical sectors of the economy are to benefit from the crowd funding.

The crowd-funding platform will be the first in Nigeria and the world to offer free fundraising services and gives grants up to N1,000,000 (One million Naira) to non-profits and other fundraisers on it. Critical sectors of the economy such as health, education, food sufficiency and renewable energy can benefit from these grants.

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Chief Executive Officer (CEO) of Sterling One Foundation, an investor in the platform, Peju Ibekwe, disclosed this in a statement issued on Wednesday in Lagos.

She explained that Giving.ng is a secure digital platform that enables well-meaning Nigerians and non-Nigerians across the globe to donate to causes they care about in a bid to benefit society. It allows the needy to get helpers through a secure and trusted platform.

The CEO said the platform was designed for fundraisers such as non-profits, alumni associations, social enterprises, and individuals passionate about a cause for which they intend to raise funds. 

“Giving.ng was designed to improve access to funding for non-profits, needy Nigerians, and increase access to grants for social enterprises. 

While the services offered by Giving.ng are free of charge, non-profits on the platform can also access up to N1 million grant to support their cause.”

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