
Nigeria Accounts for $131bn of Africa's $209bn Business Financing Gap
A study by BII and Swedfund found a $209 billion financing gap for Black-owned businesses across five African economies, with Nigeria accounting for $131 billion.
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A study by BII and Swedfund found a $209 billion financing gap for Black-owned businesses across five African economies, with Nigeria accounting for $131 billion.
G-24 chair Taiwo Oyedele said developing countries pay about $500 billion more for debt than developed economies, urging cheaper IMF and World Bank financing.

The World Bank Group says it is helping to mobilise up to $5.79 billion in private financing for Nigeria in 2026, a push projected to support about 850,000 direct and indirect jobs.
Ten greenfield projects form part of a $7.1 billion, 10-year programme that could reduce import demand if financing, farms and factories are delivered on schedule.
Stronger collection is narrowing the gap between the fiscal deficit and its financing.