By Yinka Kolawole
The Centre for the Promotion of Private Enterprise (CPPE) has called for a comprehensive overhaul of Nigeria’s development finance architecture to address an estimated N50 trillion financing gap constraining the country’s productive sectors.
In a policy brief issued on Sunday, the Chief Executive Officer of CPPE, Dr. Muda Yusuf, said inadequate access to affordable, long-term finance remains one of the biggest obstacles to growth in manufacturing, agriculture, agribusiness, micro, small and medium-sized enterprises (MSMEs), and export-oriented businesses.
According to him, the financing gap reflects deep structural market failures rather than a shortage of liquidity in the financial system.
He noted that businesses continue to grapple with high lending rates, short loan tenors and stringent collateral requirements, making it difficult to expand operations, improve productivity and invest in new technologies.
