Declares domestic capital key for infrastructure, industrialisation, $1tn economy

Oyedele outlines priorities to accelerate domestic capital mobilisation

James Emejo in Abuja

Managing Director/Chief Executive, Bank of Industry (BoI), Dr. Olasupo Olusi, has declared that the country must urgently shift from excessive dependence on foreign development finance and begin mobilising domestic capital on a much larger scale to fund its economic transformation.

Olusi said the era when countries relied heavily on long-term international development financing is steadily fading.