Nigeria Inaugurates Ministerial Project Approval Board for Economic Growth

The Nigerian government has established the Ministerial Project Approval Board (MPAB) to drive digital transformation and strengthen public-private partnerships, focusing on the leasing industry. Led by officials like Wale Edun and Moham Manga, the board aims to modernize Nigeria's leasing sector, improve market transparency, and facilitate access to financing for businesses, especially SMEs.

ELRA, a key player in the leasing industry, presented plans for digital platforms and capacity-building programs to support enterprise-led growth. The MPAB's role is crucial in fast-tracking private sector investments and ensuring economic development while protecting public interests.