The Impact Investors Foundation (IIF), Nigeria’s leading platform for unlocking impact capital, has announced the appointment of three professionals to its Board of Trustees.
This strategic expansion reflects IIF’s commitment to strengthening Nigeria’s impact economy and advancing innovative solutions for inclusive and sustainable development.
The newly appointed board members include Ms. Adesuwa Okunbo-Rhodes, founding partner and CEO, Aruwa Capital Management; Dr. Godwin Ehigiamusoe, CEO, LAPO Group; and Mr. Adewale Ajayi, Partner and Head of Tax, KPMG Africa, and their appointments became effective on September 1, 2025.
The combined expertise of the new board members will further enhance the foundation’s governance, strategy, and advocacy on unlocking impact capital in Nigeria.
Ms. Adesuwa Okunbo-Rhodes is a trailblazing private equity executive and one of Africa’s leading gender-lens investors. A
s Founding Partner and CEO of Aruwa Capital Management, she has successfully mobilised capital to back women-led and women-focused enterprises across West Africa.
With her proven track record of building inclusive businesses and advocating for women’s economic empowerment, Ms. Okunbo-Rhodes will provide IIF with critical insights into unlocking gender-smart investment opportunities.
Dr. Godwin Ehigiamusoe, is a pioneer of Nigeria’s microfinance sector and the founder of LAPO Group. With more than three decades dedicated to financial inclusion, he has impacted millions of low-income households through innovative microfinance models.
His deep knowledge of grassroots finance and social enterprise makes him a strong voice for expanding access to opportunities within underserved communities.
Mr. Adewale Ajayi is a seasoned tax and advisory professional and a Partner at KPMG Nigeria. With decades of experience advising corporations, governments, and nonprofits, he specializes in helping institutions create sustainable value through sound financial management and corporate governance. His strategic perspective will strengthen IIF’s operational excellence and accountability.
Welcoming the new trustees, Mr. Frank Aigbogun, the chairman of Impact Investors Foundation, said:
“We are honoured to have such accomplished leaders join our Board. Their diverse expertise in gender-lens investing, microfinance, pensions, and governance will be invaluable as we deepen Nigeria’s impact investing ecosystem. We will work together to position impact capital as a driver of inclusive economic growth and resilience in Nigeria.”
With these appointments, IIF remains committed to its vision of fostering an enabling environment for impact investors, intermediaries and social entrepreneurs.
Guided by its Board of Trustees and the Nigerian National Advisory Board for Impact Investing (NABII), the Foundation is well-positioned to unlock capital for social investments, promote financial inclusion, and advance sustainable development.
