The Centre for the Promotion of Private Enterprise (CPPE) has called for a comprehensive overhaul of Nigeria’s development finance framework, warning that the country’s productive sectors are grappling with a financing shortfall exceeding N50 trillion, a situation it says threatens industrialisation, food security, export diversification and job creation.
In a policy brief released on Sunday, Muda Yusuf, Chief Executive Officer of CPPE, argued that manufacturers, farmers, agribusinesses, micro, small and medium enterprises (MSMEs), and export-oriented firms are constrained by prohibitive lending rates, short loan tenors, stringent collateral requirements and inadequate long-term financing.
According to the private sector advocacy group, these challenges are symptoms of deeper structural failures within Nigeria’s financial system rather than temporary liquidity shortages.
CPPE estimated that the country’s real sector currently faces a conservative financing gap of more than N50 trillion, taking into account the unmet funding needs of manufacturing, agriculture,
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