Edun Pushes Public-Private Partnerships to Boost Non-Interest Finance in Nigeria
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has emphasized that stronger collaboration between the public and private sectors will be key to mobilizing sustainable, long-term capital for Nigeria’s economic growth.
Speaking in Abuja during a meeting with a high-level delegation from Lotus Capital Limited, led by Managing Director Hajara Adeola, Edun commended the firm’s contribution to expanding non-interest finance in the country. He described it as an important tool for promoting inclusive growth and broadening access to ethical investments.
Why Non-Interest Finance Matters
• Offers ethical and Sharia-compliant investment options
• Expands access to finance for communities underserved by conventional banking
• Supports financial inclusion and equitable economic growth
Key Initiatives Discussed
The talks explored major strategies to deepen Nigeria’s non-interest finance sector, including:
• Non-Interest Real Estate Investment Fund ️ – to channel ethical capital into property development and infrastructure.
• Regular Sovereign Sukuk Issuance – to fund critical national projects while offering investors an alternative fixed-income instrument.
Potential Impact
If implemented, these initiatives could:
• Channel ethical investment into vital infrastructure projects.
• Enhance market liquidity for non-interest financial instruments.
• Improve access to funding for excluded or underserved communities.
• Strengthen Nigeria’s economic base with innovative financing models.
Government’s Position
The Ministry of Finance stressed that Public-Private Partnerships (PPPs) will be at the heart of this growth push, helping unlock new sources of capital and drive sustainable national development.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has emphasized that stronger collaboration between the public and private sectors will be key to mobilizing sustainable, long-term capital for Nigeria’s economic growth.
Speaking in Abuja during a meeting with a high-level delegation from Lotus Capital Limited, led by Managing Director Hajara Adeola, Edun commended the firm’s contribution to expanding non-interest finance in the country. He described it as an important tool for promoting inclusive growth and broadening access to ethical investments.
Why Non-Interest Finance Matters
• Offers ethical and Sharia-compliant investment options
• Expands access to finance for communities underserved by conventional banking
• Supports financial inclusion and equitable economic growth
Key Initiatives Discussed
The talks explored major strategies to deepen Nigeria’s non-interest finance sector, including:
• Non-Interest Real Estate Investment Fund ️ – to channel ethical capital into property development and infrastructure.
• Regular Sovereign Sukuk Issuance – to fund critical national projects while offering investors an alternative fixed-income instrument.
Potential Impact
If implemented, these initiatives could:
• Channel ethical investment into vital infrastructure projects.
• Enhance market liquidity for non-interest financial instruments.
• Improve access to funding for excluded or underserved communities.
• Strengthen Nigeria’s economic base with innovative financing models.
Government’s Position
The Ministry of Finance stressed that Public-Private Partnerships (PPPs) will be at the heart of this growth push, helping unlock new sources of capital and drive sustainable national development.