June 2, 2026
An Economic Expert, Prof. Kevin Urama, says Nigeria can unlock substantial resources for development by leveraging pension funds, sovereign wealth assets and other domestic institutional investors.
Urama, the African Development Bank (AfDB) Chief Economist and Vice President for the Economic Governance and Knowledge Management, said this in an interview with the News Agency of Nigeria (NAN) on Tuesday.
The chief economist, while outlining strategies for mobilising long-term capital to support economic growth, said institutional investors across Africa currently managed about four trillion dollars in assets..
He, however, added that only a small fraction of the resources was being directed towards development financing on the continent.
