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Sanwo-Olu, Fashola advocate non-interest finance to drive Nigeria’s economic growth
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Lagos State Governor, Babajide Sanwo-Olu, and former Minister of Works and Housing, Babatunde Fashola, have called for greater adoption of non-interest finance to mobilise long-term capital to support Nigeria’s productive economy.
They spoke on Thursday at the ‘Beyond Interest’ private intelligence forum organised by The Alternative Bank in Victoria Island, Lagos.
That is why the distinction between extractive and productive capital matters,” Mr Bakare said.
Lagos is not only open for business; Lagos is prepared to do business,” Mr Sanwo-Olu said in the address.
“The Alternative Bank has shown that non-interest banking can grow, win customers, and generate profit.