Economic Growth and Development Centre

What Economic Growth and Development Centre does

Economic Growth and Development Centre is a non-profit organization founded in 2003 and headquartered in Abuja, Nigeria, with a secondary US office in Dallas, Texas. It operates with a staff of 11-50 employees under the leadership of founder, Chairman, and CEO Prof. Magnus Kpakol, a former Chief Economic Adviser to the Nigerian President. The organization's flagship initiative is the Legacy Wealth Program, positioned as a capital-market-based solution to poverty, delivered alongside complementary offerings including economic development training, study tours, the Economic Development Club membership platform, financial literacy training, and cybersecurity training. A consumer/institutional software product, the One Shout Security App, extends the portfolio into physical/cyber security alerting.

The business model is multi-stream: training and educational programs (including institutional contracts such as with the Nigerian Defence Headquarters), paid study tours, platform and membership fees through the Economic Development Club, and strategic consultancy services. Distribution is anchored by partnerships with Nigerian regulators and asset managers (SEC Nigeria, Cowry Asset Management), sector associations (AFAN), and North American academic and economic-development institutions (UT Dallas, Huston-Tillotson University, Economic Developers Association of Alberta). The customer base spans Nigerian government and defense agencies, farmers' associations, retail investors, and diaspora participants in study tours.

The organization's go-to-market relies heavily on the founder's governmental and policy network, with partnerships serving as the primary channel for both domestic and international expansion. No external funding rounds have been disclosed, and revenue figures are not publicly available. The portfolio mix — combining traditional training and consultancy with a software product (One Shout) and recurring membership — indicates a deliberate effort to diversify beyond fee-for-service training into platform and product revenue.

Name

Economic Growth and Development Centre

Legal name

Economic Growth and Development Center

Website

https://egdcenter.org

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Economic Growth and Development Centre is a Nigeria-based non-profit founded in 2003 that delivers economic development training, financial literacy programs, study tours, and the Legacy Wealth Program to government agencies, institutional clients, and individuals, with a secondary US office in Dallas.

Ownership category

akta.pro rank

Product category

Economic Development Consulting and Training

NAICS

Educational Support Services (611710), Research and Development in the Social Sciences and Humanities (54172)

SIC

Services-Educational Services (8200), Services-Management Consulting Services (8742)

akta.pro primary industry

Institutional Capacity Building & Training (Workforce/Systems Strengthening) (BPADAEAC)

akta.pro secondary industries

Economic Growth, Trade & Private Sector Development Programs (BPADABAF), Technical Cooperation, Capacity Building & Policy Advisory Programs (BPADABAO)

Keywords

• Economic development consulting
• Poverty eradication programs
• Financial literacy training
• Study tours abroad
• Capacity building training

Headquarters

HQ city

Abuja

HQ country

Nigeria

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Training and Education Programs: Revenue generated from economic development training programs, executive education courses, online certificate programs, and doctoral programs. Programs cover poverty eradication strategies, cybersecurity, financial literacy, policy analysis, and global skills development.
2. Study Tours and International Training: Fees from organized study tours to destinations including Calgary, Canada, Dallas, Texas, and other international locations with partnerships with universities and training institutes.
3. Platform and Membership Fees: Economic Development Club membership provides access to online training, certifications, and networking opportunities with recurring revenue from subscribers.
4. Strategic Consultancy: Economic consulting services for governments, institutions, and organizations seeking economic development strategies and implementation support.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Economic Growth and Development Centre (EGDC) provides economic development consulting, training programs, study tours, and a flagship Legacy Wealth Program aimed at poverty eradication and financial inclusion. The organization delivers capacity-building services for governments, institutions, and low-income communities, leveraging its proprietary Total Economic Development methodology and global partnerships.

Product overview

Economic Growth and Development Centre (Economic Center) operates as a training and consultancy organization offering an integrated portfolio of programs focused on poverty eradication and economic development across Africa. The core offering is the Legacy Wealth Program, a capital market-based poverty eradication initiative that connects disadvantaged individuals to wealth-building mechanisms. This is complemented by the One Shout Security App for personal security. The organization provides multiple training programs including Economic Development Training, Study Tours, Financial Literacy Training, Cybersecurity training, and the Global Skills program. Additional offerings include the Economic Development Club for online certifications and the Prosperity Economy program. The portfolio operates on a training-and-consultancy model rather than a technology product platform.

Differentiator

Problem solved

Functional benefit

Brands

• Legacy Wealth Program: A generational wealth program and poverty solutions in the capital market initiative designed to combat intergenerational transfer of poverty through financial inclusion.
• One Shout Security Program
• Total Economic Development (TED)
• Human Capital Africa Forum (HCAF)
• Economic Development Africa (EDA) Platform

Products and services

• Legacy Wealth Program
• One Shout Security App
• Economic Development Club
• Global Skills Training Program
• Financial Literacy Training Program
• Cybersecurity for Economic Development Training
• Study Tours and Global Partnerships Program
• Economic Consulting Services
• Economic Development Africa (EDA) Platform
• Prosperity Economy: Rule Your World (Book)
• Doing Business in Nigeria: Facts, Opportunities, Challenges (Book)

Quantifiable outcome

• Enrollment of millions of farmers into Legacy Wealth Program through AFAN partnership
• +1 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core, major, regulatory and strategic.

• Economic Developers Alberta (EDA)coreStrategic or Co-development Partner · 1 January 2023MOU signed to provide Study Tours and Economic Development Training for development practitioners across Nigeria and Africa. Jointly planning annual Africa Forum for Economic Development (A-FED) to combat poverty, promote human capital development, and foster economic resilience.
• All Farmers Association of Nigeria (AFAN)coreStrategic or Co-development PartnerVisionary partnership to enroll millions of farmers into the Legacy Wealth Program, enabling farmers to invest collectively, benefit from professional fund management, and build generational wealth.
• University of Texas at DallasmajorStrategic or Co-development PartnerAcademic partnership involving familiarization tours, evaluation visits by Nigerian Defense Headquarters delegation, and collaboration on international initiatives. Dean Dr. Jennifer Holmes leads cybersecurity and policy engagement.
• Huston-Tillotson UniversitymajorStrategic or Co-development PartnerPartnership for soft skills training and learning opportunities. Dr. M. Wallace, President of the university, hosted Nigerian defense delegation with focus on soft skills training for peak performance.
• Success InstitutemajorImplementation/ SI/ Consulting PartnerDallas-based training institute that received and hosted Nigerian Defense Headquarters delegation for familiarization and evaluation tour. Provides specialized training programs.
• Securities and Exchange Commission NigeriaregulatoryOthersStrategic visit by Economic Center team to Director-General Emomotimi Agama to position Legacy Wealth Program within Nigeria's regulated capital market framework, ensuring transparency and investor protection.
• Economic & Business Strategies (EBS) Ltd.coreStrategic or Co-development PartnerOriginator of the Legacy Wealth Program and One Shout Security Program, which were formally integrated into Economic Center's diaspora-led development strategy. EBS Ltd developed these flagship initiatives for poverty eradication through capital markets.
• Nigeria Upstream Petroleum Regulatory CommissionstrategicStrategic or Co-development PartnerChairman Magnus Kpakol met with Chief Executive Engr. Gbenga Komolafe to explore collaboration on economic development initiatives within the petroleum sector.
• Nasarawa State UniversitymajorStrategic or Co-development PartnerPartnership to establish the Institute of Capital Market Studies, potentially the first in Africa, to provide education on capital markets and human capital investment for students.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Emerging players

• Results for Development Institute (R4D): Global non-profit working on health, education, and economic development in low- and middle-income countries, combining research, technical assistance, and capacity building. Comparable to EGDC's institutional capacity-building, training, and advisory work with government and institutional clients.
• Acumen: Global impact investor and poverty-innovation organization combining patient capital with leadership training for entrepreneurs serving low-income communities. Comparable to the financial-inclusion and human-capital-development aspects of EGDC's Legacy Wealth Program.

Direct peers

• TechnoServe: International non-profit focused on business solutions to poverty in developing countries, including extensive work with African farmers and smallholders. Closely comparable to EGDC's economic-development consultancy and financial-inclusion work with AFAN's farmer base.
• Tony Elumelu Foundation: Pan-African philanthropy that combines entrepreneurship training, mentoring, and seed capital for African entrepreneurs, including a defined annual cohort size. Comparable to EGDC's mix of training, capital-market access, and continental African outreach, though the Elumelu Foundation is more focused on entrepreneurs and EGDC on broader economic-development practitioners.
• International Economic Development Council (IEDC): US-headquartered membership association for economic development professionals, offering training, certifications, and study tours. Directly comparable to EGDC's Economic Development Club and Study Tours offering, though IEDC focuses on practitioners globally while EGDC focuses on African policymakers.
• African Leadership Academy: Africa-focused leadership and entrepreneurship training institution serving African youth and emerging leaders. Comparable to EGDC's training, study-tour, and human-capital-development programming, though operating primarily through a residential model.
• Africa-America Institute (AAI): US-based organization promoting education, professional development, and engagement between Africa and the United States, including leadership programs and convenings. Comparable to EGDC's transatlantic study-tour model with US universities and Nigeria-focused engagement.
• Junior Achievement Nigeria: Nigeria-focused non-profit delivering economic, financial-literacy, and entrepreneurship education to youth. Overlaps with EGDC's financial-literacy training, Global Skills program, and student-coordinator network, though focused on younger learners.
• Nigerian Economic Summit Group (NESG): Nigeria-based private-sector policy and economic development organization that convenes government and business leaders and produces policy research. Closely comparable to EGDC's economic consulting, training, and policy-advisory activities in the same Nigerian market.

Broad incumbents

• The Brookings Institution — Africa Growth Initiative: Established think-tank program producing economic research and policy advice on African growth. Overlaps with EGDC's policy advisory, consulting, and Total Economic Development methodology, though Brookings operates at a much larger scale and without the financial-inclusion product.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/EGDCenter
• Facebookfacebook.com/Economic-Growth-Development-Center-100079602737029
• LinkedInlinkedin.com/company/economic-growth-and-development-center
• Instagraminstagram.com/egdcenter

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Economic Growth and Development Centre