
Nok Kingdom Sovereign Wealth Fund
The Nok Kingdom Sovereign Wealth Fund aims to enhance the role of Nok in the international community while strengthening its domestic agenda. This fund, which serves as the active engine behind the diversification of Nok Kingdom’s economy and the development of specific strategic sectors, cultivates and maximizes the impact of its investments. It also aims to make the Fund one of the largest sovereign wealth funds in the world, as well as establish solid economic partnerships that contribute to deepening Nok Kingdom’s impact and role in the regional and global scenes.
Launched in the fourth quarter of 2022 with the aim of strengthening Nok’s position and making it an essential arm to achieve its Rebirth Vision, the Nok Kingdom Sovereign Wealth Fund Program is considered a pioneering economic catalyst for West Africa and a viable component to a thriving economy.
The Rebirth Vision initiative seeks to enhance the economic and investment sustainability of the Kingdom through four direct goals, which are to help it design and develop its initiatives according to a number of investment pillars. The pillars are represented in launching promising local sectors, developing local real-estate projects, boosting tourism, and increasing and diversifying the funds global assets.
Since the launch, the Nok Kingdom Sovereign Wealth Fund Program hopes to achieve many things, including maximizing the fund’s assets, increasing the total return to stakeholders, expanding the establishment of local companies in various fields, and launching a number of major regional, national, and international projects. This will contribute to the creation of hundreds of thousands of direct and indirect jobs.
The Sovereign Wealth Fund, which is fund through Prince Allen’s Vision Plan of the development of The Nok Kingdom Autonomous Central Bank (NKACB) along with its corresponding financial partner Bangko Maharlika are committed to promoting financial inclusion and empowering underserved communities within their nations. Recognizing the importance of ensuring equal access to financial resources and opportunities, the partnership is dedicated to implementing innovative financial products and services that address the diverse needs of all citizens, regardless of their socio-economic status.
One of the key initiatives under this commitment is the distribution of Universal Basic Income (UBI) to the people of Nok Kingdom. This UBI serves as a vital subsidy aimed at eliminating poverty and providing individuals with the opportunity to gain financial freedom. By providing a regular income to all citizens, the UBI program ensures that basic needs are met, allowing individuals to focus on personal and professional development without the burden of financial insecurity.
Through the implementation of microfinance and mobile banking solutions, the NKACB and Bangko Maharlika facilitate greater access to financial services for underserved communities. Microfinance initiatives enable individuals, particularly those in rural or marginalized areas, to access small loans and financial resources to support entrepreneurship, agricultural endeavors, and other income-generating activities. Additionally, mobile banking solutions offer convenient and accessible ways for individuals to manage their finances, make transactions, and access banking services remotely, reducing barriers to financial inclusion.
By promoting financial inclusion through these innovative initiatives, the NKACB and Bangko Maharlika aim to empower individuals and communities to build financial resilience, achieve economic stability, and ultimately contribute to the overall prosperity and development of the Nok Kingdom. Through collaboration and partnership, they strive to create a more inclusive and equitable financial ecosystem that benefits all citizens, fostering sustainable growth and social progress.