The Federal Government is developing a new framework to reduce the cost of capital for businesses without introducing new subsidies. Finance Minister Taiwo Oyedele announced that this initiative aims to complement the Central Bank of Nigeria’s efforts to curb inflation and stimulate economic growth. High borrowing costs have been identified as a major barrier to the administration’s goal of achieving a one trillion dollar economy by 2030. Additionally, the government plans to release a report detailing savings from the removal of fuel and foreign exchange subsidies and how those funds have been allocated to social programs and debt servicing.