The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that stronger collaboration between the public and private sectors will be critical to mobilising sustainable, long-term capital for Nigeria’s development.
Edun spoke in Abuja yesterday when he received a high-level delegation from Lotus Capital Limited, led by the company’s Managing Director, Hajara Adeola.
He commended the firm’s role in advancing non-interest finance in the country, describing it as a valuable tool for promoting inclusive growth and broadening access to ethical investment opportunities.
A statement from the Ministry of Finance said the meeting provided a platform to explore strategies for expanding Nigeria’s non-interest finance sector, with a view to positioning it as a driver of inclusive economic growth.
The discussions examined the potential of a Non-Interest Real Estate Investment Fund and the establishment of a regular sovereign sukuk issuance programme.
According to the statement, such initiatives could channel ethical investment into critical infrastructure projects, enhance market liquidity, and provide greater access to finance for communities that have traditionally been under-served by conventional banking systems.
