Finance

FG Hails Lotus Capital For Promoting Non-Interest Finance In Nigeria

By Sunday Etuka, Abuja

The Federal Government has applauded Lotus Capital’s leadership in promoting non-interest finance in Nigeria.

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Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, gave the commendation on Tuesday in Abuja, when he received a high-level delegation from Lotus Capital Limited, led by its Managing Director Mrs. Hajara Adeola.

According to a statement by the Director, Information and Public Relations of the Ministry, Mohammed Manga, Edun emphasised that collaboration between the public and private sectors was essential to mobilising sustainable, long-term capital for national development.

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The statement said the meeting explored ways of expanding Nigeria’s non-interest finance sector as a driver of inclusive economic growth.

It stated that discussions also centred on how initiatives such as a Non-Interest Real Estate Investment Fund and a regular sovereign sukuk issuance programme could attract ethical investment into critical infrastructure, boost market liquidity, and widen access to finance for under-served communities.

“The meeting underscores the Ministry’s commitment to exploring innovative financing solutions for Nigeria’s economic growth and development, highlighting the importance of public-private partnerships in driving progress in the non-interest finance sector,” the statement said.

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