The Green Investment Club (TGIC) said it has successfully mobilised over $17 million (N6.8bn) for multiple projects that has created jobs and contributed to economic growth in Nigeria.
The Club has sourced direct investment opportunities in the capital market, processing, consumer lending, logistics, fin-tech and real estate development sectors in Nigeria, UK and USA for its teeming members.
The Club vision in five years is to help at least 10,000 individuals get financially educated and provide investment advisory services to them to enhance their confident level in making investment decisions and achieving financial security.
Tomie Balogun said that the investment club has rallied thousands of young investors to invest over N6.4billion in multiple subsidiaries such as transport and logistics, agriculture, interior design, digital marketing, health and wellness, food production among other Industries.
Balogun, the founder of the Club who is also the CEO of Vestract, a financial education and technology company made the disclosure during the formal unveiling of the TGIC Report in Lagos.
“Our target audience is the Nigerian youth who is trying to figure out how to save, budget, and invest in a constantly changing economic environment. They want to achieve financial security and tick off things on their bucket list, however, they are typically excluded by investment institutions due to the size of income. They want financial security but have no clue how to achieve this.”
Since its inception, The Green Investment Club has assisted small medium enterprises to access impact finance: grants, concessional loans, and social equity intended to create positive impact beyond financial return. It has connected impact investors to investable businesses, supporting them to improve the performance of their portfolio. For an investment club that started with just 35 members, the community has grown to over 1700 members who live and work in 26 countries across the globe.
TGIC provides financial education within a community and support them with practical tools to get the financial results they need. They teach financial education through online courses, webinars, events and weekly emails. Their monthly webinar with industry experts give members of the club an opportunity to learn practical investment lessons and their annual hang-out event provide a way for members of the club to meet and network in a fun atmosphere.
While giving the background of how the club started, their achievements, and their plans going forward she disclosed that TGIC key statistics showed that in 2017, they had 154 members which cut across six countries with investment worth $227,000 (N100 million); 405 members across eight countries with $589,000 (N215 million) investment in 2018.
In 2019, membership rose to 592 in 11 countries while investment jumped to $1.9 million (N681 million); in 2020 members were 1500 spreading across 25 countries with $10 million (N4 billion) investment and today membership of the club has risen to 1,700 in 26 countries with investment worth over $17 million (N6.8 billion).
She said TGIC started with 35 members and today it has grown to over 1,700 members in 26 countries of the world and enjoined the youths to join the club for enhanced financial status.
“35 people signed up and we started the journey which has culminated in the Green Investment Club (TGIC) today. The TGIC was established as a community-based investment club to democratize investment opportunities for millennials in Africa and African millennials in Diaspora. We set out with the audacious goal to educate more millennials on how to make investment decisions and build diversified investment opportunities. Looking back over past years, the team has been able to achieve this,” she said.
