Finance Minister Urges Public-Private Collaboration to Expand Nigeria’s Non-Interest Finance Sector

Nigeria’s Minister of Finance and Coordinating Minister of the Economy has called for stronger public-private partnerships to unlock the full potential of the country’s non-interest finance industry.

Speaking in Abuja during a meeting with executives from Lotus Capital Limited, the minister praised the company’s pioneering role in advancing ethical, non-interest financing solutions nationwide. Discussions centered on market-deepening strategies to drive inclusive economic development.

Key proposals included establishing a Non-Interest Real Estate Investment Fund and expanding the issuance of sovereign sukuk on a regular basis. These initiatives are designed to attract ethical investments into critical infrastructure, boost market liquidity, and enhance access to finance for underserved communities.

Reaffirming the government’s commitment to innovative financing models, the minister stressed that collaboration with private sector stakeholders is essential to growing the sector. He highlighted the potential of alternative financing to bridge infrastructure gaps and create wider economic opportunities.

With a strong track record in non-interest finance, Lotus Capital was recognized as a key partner in Nigeria’s drive toward sustainable growth.