Dangote urges Lotus to expand private sector financing

In an address at the 20th anniversary celebration of Lotus Capital, Aliko Dangote, president of the Dangote Group, urged the private sector to expand access to non-interest financing for businesses in Nigeria. Dangote emphasized the importance of this financing channel in addressing the country's shortage of long-term capital and accelerating industrialisation.

He highlighted asset-backed financing, leasing arrangements, equity participation, profit-sharing structures, and Sukuk as potential instruments to bridge the financing gap. Dangote stressed that Nigeria must diversify its financing options to meet its enormous financing requirements for industrialisation, infrastructure, energy, agriculture, housing, and small business development.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.