Spread the wordThe Bank of Industry (BOI) has reaffirmed that mobilising domestic capital has become imperative to financing Nigeria’s development priorities, as policymakers, development finance institutions (DFIs), and multilateral partners converged to chart a path towards sustainable economic growth. “As access to long-term global development capital becomes increasingly constrained, mobilising domestic resources is no longer simply desirable. He explained that domestic capital must play a greater role in financing infrastructure, industrialisation, agriculture, housing, MSME development and other strategic sectors identified in Nigeria’s long-term development agenda. He argued that countries that successfully mobilise domestic resources would be better positioned for long-term economic growth, stressing that domestic capital complements rather than replaces foreign investment. That is the precise mission of development finance,” he said.