In a bold response to Nigeria’s high-interest rate environment, investment powerhouse CFG Africa has launched a ₦1 Billion Ethical Fund.
Unveiled during a high-level tour in Lagos and Abuja this week, the fund is a Sharia-compliant vehicle designed to offer “low-risk anchors” for investors.

It provides a strategic alternative to traditional banking, where the high cost of borrowing has long stifled the real sector.

The launch comes at a critical time as financial experts, including those from the Lagos Business School, call for a pivot toward asset-backed investments.

While the manufacturing sector remains a primary engine for employment, many factories have struggled to stay afloat under double-digit interest rates.

The new Ethical Fund aims to provide the patient, non-interest capital these businesses need to scale.

By focusing on “ethical” finance, CFG Africa is tapping into a growing global trend of socially responsible investing. The fund prioritizes projects with tangible social impact, such as sustainable agriculture and local production facilities.

This approach not only provides a buffer against market volatility but also ensures that investment directly feeds into the broader economy’s recovery.
The success of the Lagos and Abuja forums indicates a strong appetite for financial innovation in Nigeria.

As more investors shift toward these specialized technical dialogues, the non-interest sector is poised to move from a niche market to a mainstream powerhouse, offering a lifeline to manufacturers and entrepreneurs across the nation.

SOURCE: BUSINESS INSIDER AFRICA