$1trn economy: FG targets stronger development finance, private capital

By Progress Godfrey
The Federal Government has called for stronger development finance and greater private capital mobilisation to support its $1 trillion economy ambition, stressing that public funds alone cannot finance the country’s plan.
Speaking at the Bank of Industry (BoI) Development Partners’ Roundtable and presentation of the 2025 Annual Development Impact Report (ADIR) in Abuja, yesterday, Minister of State for Budget and Economic Planning, Dr Doris Uzoka-Anite, said Nigeria must reposition its development finance institutions to attract investment and support productive sectors.
She said the country’s economic reforms were aimed at creating an economy that attracts inves...