The Federal Government is throwing its weight behind plans to grow Nigeria’s non-interest finance sector, with Finance Minister and Coordinating Minister of the Economy, Wale Edun, praising Lotus Capital Limited for its leadership in the field.
Speaking in Abuja on Tuesday after receiving a high-powered delegation from the firm, led by Managing Director Hajara Adeola, Edun said collaboration between government and private sector players like Lotus Capital is vital to mobilising sustainable, long-term capital for national development.
The meeting explored ways to position non-interest finance as a key driver of inclusive growth, with discussions centring on proposals such as a Non-Interest Real Estate Investment Fund and a regular sovereign sukuk issuance programme.
Both initiatives are expected to channel ethical investment into critical infrastructure, boost market liquidity, and expand access to finance for under-served communities.
According to the Minister, innovative financing solutions and strong public-private partnerships will be essential to unlocking the sector’s full potential.
“Non-interest finance is not just an alternative; it’s a pathway to attracting new pools of capital while aligning with ethical and inclusive development goals,” he said.
Analysts say the push aligns with global trends in ethical investing and could help Nigeria tap into billions of dollars in underutilised capital from both local and international markets.