Dangote urges Lotus to expand private sector financing
- ✦Aliko Dangote, president of the Dangote Group, has called on Lotus Capital to broaden access to non-interest financing for businesses in Nigeria, particularly those operating in manufacturing, agriculture, renewable energy and other productive sectors.
- Dangote said deepening non-interest financing would help address the country’s shortage of long-term capital and support efforts to accelerate industrialisation.
- Dangote said the significance of non-interest finance to Nigeria went beyond providing alternative investment products, noting that the country required substantial funding to develop critical sectors of its economy.
- Aliko Dangote, president of the Dangote Group, has called on Lotus Capital to broaden access to non-interest financing for businesses in Nigeria, particularly those operating in manufacturing, agriculture, renewable energy and other productive sectors.
Aliko Dangote has called on Lotus Capital to broaden access to non-interest financing for businesses in Nigeria's private sector to drive economic growth.
Frequently Asked Questions About This Story
What is the latest development regarding Lagos State?
Dangote said deepening non-interest financing would help address the country’s shortage of long-term capital and support efforts to accelerate industrialisation.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Lagos State, Peoples Democratic Party, Wale Edun.
What timeline or key figures were confirmed?
The event, which featured a panel discussion on “The Next Frontier: Innovation and Governance in Non-Interest Finance in Nigeria”, brought together prominent figures in Nigeria’s banking, corporate and political circles, including former Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and Asue Igbodalo, the 2023 governorship candidate of the Peoples Democratic Party in Edo State.
