The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has praised Lotus Capital Limited for its pivotal role in advancing non-interest finance in Nigeria. He highlighted the necessity of public-private partnerships to attract long-term, sustainable capital for national development.
According to a press release from the Federal Ministry of Finance on Tuesday, Edun “emphasised that collaboration between the public and private sectors will be essential to mobilising sustainable, long-term capital for national development.”
Lotus Capital Limited is a full-service ethical investment management company specializing in Asset Management, Private Wealth Management, and Financial Advisory services. The company is also a pioneer in non-interest finance in Nigeria with a BBB+ rating and stable outlook from Agusto & co credit rating agency.
The minister noted several key initiatives, including the potential for a Non-Interest Real Estate Investment Fund and a consistent sovereign sukuk issuance program. These initiatives, Edun notes, could “attract ethical investment into critical infrastructure, boost market liquidity, and widen access to finance for under-served communities.”
The Ministry’s engagement with Lotus Capital underscores its commitment to exploring innovative financing solutions to spur economic growth and development. The meeting highlighted the “importance of public-private partnerships in driving progress in the non-interest finance sector,” the statement from the Ministry affirmed.
