Alternative Bank Hosts Forum on Non-Interest Finance

The Alternative Bank held an event in Lagos under the theme ‘Beyond Interest: Capital, Innovation, and the Future of Wealth,’ aimed at redefining capital allocation in Nigeria. Chairman Muhtar Bakare stated that the economy should shift from extractive capital, which only harvests value, to productive capital that fosters long-term growth.

Abayomi Oluyomi, representing Lagos State Governor Babajide Sanwo-Olu, highlighted the government's role in de-risking investments through infrastructure and policy, citing the Blue and Red Line rail projects. Former Lagos State Governor Babatunde Raji Fashola urged financial institutions to prioritize investments linked to tangible assets and community welfare.

The forum included presentations from Abubakar Suleiman, Dr. Stanley Jacob, and Ajibola Tobi-Osho, discussing ethical capital, pan-African payment systems, and Nigeria's macroeconomic outlook.

The discussions reinforced The Alternative Bank's commitment to promoting financial models that connect capital to real assets and productive activities, aiming for inclusive and sustainable wealth creation.