The Centre for the Promotion of Private Enterprise (CPPE) has called on the Nigerian Federal Government and the Central Bank of Nigeria (CBN) to recapitalise the Bank of Industry (BOI) and the Bank of Agriculture (BOA).
The think tank argues that persistently high interest rates have deepened a funding gap estimated at N50 trillion, leaving critical sectors without access to affordable credit.
The appeal highlights a structural bottleneck in Nigeria’s financial system.
With commercial banks operating in a high-rate environment, lending costs remain prohibitive for many businesses, particularly in manufacturing and agriculture.
The CPPE contends that without renewed capital injections into these specialised development finance institutions, the private sector will continue to face severe liquidity constraints.
This development follows recent internal pressure within the CBN to address lending rates.