By Progress Godfrey
ABUJA – The Federal Government has called for stronger development finance and greater private capital mobilisation to support its ambition to build a $1 trillion economy, 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 on Thursday, the 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 investment, expands enterprise and creates jobs. According to her, achieving the $1 trillion economy target would require sustained investment, stronger institutions, better project preparation and closer collaboration with development partners.
Uzoka-Anite said Nigeria was building a coordinated financing ecosystem that brings together public finance, domestic and international capital, development finance institutions, commercial finance, climate finance and other innovative financing instruments to unlock investment.
