The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has emphasised the critical importance of public-private partnerships in unlocking the full potential of Nigeria’s non-interest finance sector.
During a meeting with a delegation from Lotus Capital Limited, led by the managing director, Hajara Adeola, at his Abuja office on Tuesday, Edun lauded Lotus Capital for its pioneering efforts in advancing ethical, non-interest financing solutions across the country.
The Finance Ministry’s director of Information, Mohammed Manga, stated that the discussion centred on strategies to expand and deepen Nigeria’s non-interest finance market as a driver of inclusive economic growth.
Key initiatives highlighted included the establishment of a Non-interest Real Estate Investment Fund and a regular sovereign sukuk issuance program. The measures aim to attract ethical investments into critical infrastructure, enhance market liquidity, and improve access to finance for underserved communities.
Edun underscored the ministry’s commitment to innovative financing solutions, noting that partnerships with private sector players like Lotus Capital are vital to driving progress in the non-interest finance sector.
“Collaboration between the public and private sectors is essential for unlocking the potential of non-interest finance to support Nigeria’s economic growth and development,” he stated.
Manga said the meeting reflected the federal government’s dedication to leveraging alternative financing models to address Nigeria’s infrastructure needs and promote inclusive economic opportunities.
He said Lotus Capital’s leadership in this space continues to position it as a key partner in the nation’s quest for sustainable development.
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