FG adopts new approach to boost private sector investment
The Federal Government has announced a shift from direct economic intervention to a capital de-risking and private sector–driven growth model. Dr Doris Uzoka-Anite, Minister of State for Finance, explained that the new strategy aims to unlock large-scale domestic and foreign private capital by reducing investment risks and removing policy barriers. The plan focuses on scaling output, deepening domestic value creation, and moving the economy toward a $1tn GDP by mobilising private capital. The Ministry of Finance emphasised that Development Finance Institutions will play a central role in supporting priority sectors and anchoring investor confidence.
TLDR
- The Federal Government is moving from direct intervention to a capital de-risking model to encourage private sector–led growth.
- Dr Doris Uzoka-Anite stated that reforms will lower risks, remove policy distortions, and unlock private investment across key sectors.
- The strategy builds on recent reforms such as exchange rate unification and energy market restructuring, aiming to create a predictable macroeconomic environment.
- Development Finance Institutions like the Bank of Industry and Nigerian Export-Import Bank will support financing and risk-sharing in priority sectors.
- Plans include expanding consumer credit and financial inclusion by partnering with the Central Bank of Nigeria, commercial banks, microfinance institutions, and fintechs.
