Investors Urged to Follow 2026 Budget Opportunities as Dar Global Financials Unveils Massive Nigeria Investment Plan
By Queen Kunde
Dar Global Financials and its investment banking partners have unveiled a $25 million investment fund aimed at acquiring and reviving distressed real estate companies and microfinance banks across Nigeria, with a focus on supporting housing development and boosting economic growth.
The Chairman of Dar Global Financials and founder of Jacob & Co. Hospitality, Mr. Kunle Ilori-Diamond, disclosed this on Wednesday during a World Press Conference in Abuja.
He said the investment initiative was inspired by the economic reforms of President Bola Ahmed Tinubu and the opportunities embedded in the 2026 Appropriation Act, which he described as a “goldmine” for informed investors.
According to Ilori-Diamond, the fund will be used to acquire struggling real estate firms and microfinance institutions, revive their operations and channel affordable housing finance to ordinary Nigerians.
“We wish to acquire and revive distressed businesses. We will also acquire real estate firms that are struggling and help them scale their operations. Through the microfinance banks, we intend to provide mortgage facilities for low-income earners and private sector workers who often cannot access housing loans,” he said.
The investor urged entrepreneurs and foreign investors to study government spending priorities before committing funds, noting that the 2026 budget provides clear signals on sectors likely to experience rapid growth.
He highlighted the Federal Government’s huge allocations to infrastructure, housing, agriculture, technology, power and transport, arguing that private investors who align their projects with government priorities stand to benefit significantly.
Ilori-Diamond cited the Federal Ministry of Works’ capital allocation of over ?3 trillion, the FCT Administration’s budget of more than ?460 billion, and increased spending on housing, solar infrastructure, agriculture and technology as indicators of emerging investment opportunities across the country.
He particularly identified Abuja’s satellite towns, including Kuje, Karmo and Karsana, as future growth corridors due to ongoing and planned infrastructure projects.
In line with this strategy, he revealed that Jacob & Co. Hospitality is currently constructing a world-class hospitality project in Kuje Area Council of the FCT, a development expected to create more than 300 jobs upon completion.
“The government cannot do it alone. The private sector must complement government efforts by investing in priority sectors that can drive growth, create jobs and strengthen the economy,” he stated.
Ilori-Diamond described the 2026 budget as a roadmap for investors willing to take advantage of information often overlooked by the general public, especially in sectors such as agriculture, renewable energy, technology, logistics and real estate.
However, he lamented what he described as persistent bureaucratic bottlenecks and corruption within some government agencies, which he said discourage private investment.
The businessman alleged that his company’s real estate project in the Federal Capital Territory had suffered delays due to demands for gratification by officials involved in development approval processes.
He therefore called on the Federal Government to intensify efforts to sanitise the civil service and strengthen transparency in public institutions to attract more local and foreign investments.
Despite the challenges, Ilori-Diamond expressed confidence in Nigeria’s economic future, insisting that strategic collaboration between government and the private sector remains key to unlocking the country’s vast economic potential.
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