Alternative Bank Urges Stable Policies for Private Capital in Inclusive Growth

The Alternative Bank in Nigeria has called for stable policies to attract private capital for inclusive economic growth. At the Africa Social Impact Summit in Abuja, Demola Adeniyi of the Commercial Institute Bank highlighted the need for stronger public-private collaboration to accelerate financing mobilization for projects.

Adeniyi stressed the importance of blending finance to deliver commercially sound outcomes and advance development priorities. He emphasized that private capital requires policy predictability to commit at scale, warning against policy inconsistencies that could undermine investor confidence.

Vice President Kashim Shettima echoed the call for long-term investments in human capital, digital infrastructure, and climate resilience. Hauwa Liman, a technical advisor, emphasized the role of patient capital and private enterprise in driving impact.

The summit aimed to drive inclusive growth through innovative policies and partnerships.