Nigeria’s Minister of Finance and Coordinating Minister of the Economy has stressed that public-private partnerships are essential to unlocking the country’s full potential in non-interest finance.
Speaking in Abuja during a meeting with executives from Lotus Capital Limited, the minister commended the company for its pioneering role in promoting ethical, non-interest financing solutions nationwide. Discussions focused on strategies to grow and deepen the market as a tool for inclusive economic development.
Key proposals included launching a Non-interest Real Estate Investment Fund and expanding sovereign sukuk issuance on a regular basis. These measures aim to attract ethical investments into critical infrastructure, boost market liquidity, and improve access to finance for underserved communities.
The minister reaffirmed the government’s commitment to innovative financing models, stressing that collaboration with private sector players is crucial for the sector’s expansion. He noted that alternative financing can help address infrastructure deficits and create broader economic opportunities.
Lotus Capital’s track record in the sector, he said, positions it as a strong partner in Nigeria’s pursuit of sustainable growth.
