Nigeria capital development fund is an institution that provides innovation, capital solutions and technical assistance to support enterprise and communities and is also the first fairshares institution in Africa.
According to the chairman and the CEO of NCDF Honorable Babatunde Oralusi , the fairshare model was developed to create and sustain networks of united enterprises that will share power and wealth among their entrepreneurs
Meanwhile, the first fairshare laboratory has been set up as a faculty under social enterprise academy
In 2016 six partner organizations bid successfully for an EU grant to set up fair-share Lab, that applies the fair-share model to social enterprise development.
Each Lab will develop a process for incubating fairshare ideals and providing education.