CPPE seeks development finance overhaul to bridge N50trn real sector funding gap
To bridge the financing gap, he called for the recapitalisation of the Bank of Industry and the Bank of Agriculture, expansion of credit guarantee schemes, establishment of longer-tenor refinancing windows, promotion of supply chain financing and cash flow-based lending, strengthening of credit information systems, mobilisation of pension and insurance funds for productive investments, and a reduction in domestic government borrowing.
By Yinka Kolawole The Centre for the Promotion of Private Enterprise (CPPE) has called for a comprehensive overhaul of Nigeria’s development finance architecture to address an estimated N50 trillion financing gap constraining the country’s productive sectors.
Yusuf estimated the real sector financing gap at more than N50 trillion, stressing that agriculture, despite contributing over one-fifth of Nigeria’s Gross Domestic Product (GDP), has historically attracted less than five per cent of bank credit.
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