Dele Oye’s Alliance Seeks Single-digit Loans, Commends BOI’s Impact-driven Lending

• Says funding remains inadequate for industrial transformation

•Urges CBN to clear $2.4bn forex forwards

•Seeks capping of lending rates at 15% for productive sectors

Emmanuel Addeh in Abuja

The Alliance for Economic Research and Ethics Ltd/GTE has called for sweeping policy reforms to revive Nigeria’s struggling manufacturing sector, arguing that although the Bank of Industry’s (BOI) record N644.9 billion disbursement in 2025 marked a significant milestone, it remains insufficient to drive the country’s industrial transformation.