NGThe Nigerian federal government has emphasized the need for enhanced development finance and increased private capital involvement to achieve its goal of transforming the country into a $1 trillion economy. At a roundtable event hosted by the Bank of Industry (BoI), Minister of State for Budget and Economic Planning, Dr Doris Uzoka-Anite, highlighted that public funds alone are insufficient and stressed the importance of attracting both domestic and international investments. She outlined plans to create a coordinated financial ecosystem that integrates various funding sources to support productive sectors and accelerate economic growth. Additionally, Minister of State for Industry, Trade and Investment, Sen. John Enoh, noted the role of BoI in advancing Nigeria's industrial policy through targeted financing for manufacturers, small businesses, and youth enterprises. The discussion underscored a shift towards evaluating development outcomes based on tangible impacts such as job creation and industry growth.
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