The Nasrul-Lahi-l-Fatih Society (NASFAT) has called on the Federal Government to take into account the religious convictions of Nigerians in its economic empowerment programs.
Imam Abdul-Azeez Onike, NASFAT’s Chief Missioner, made the appeal in a statement on Monday, following Vice President Kashim Shettima’s directive to the Presidential Food Systems Coordinating Unit (PFSCU) to design an implementation plan for the disbursement of ₦250 billion in credit support for smallholder farmers at single-digit interest rates.
Onike stressed that both Islam and Christianity discourage interest-based loans, noting that such practices could lead to exploitation, inequality, unjust wealth distribution, and an unsustainable economy. He added that interest also undermines social harmony and discourages productivity.
The cleric urged relevant government agencies to convene a stakeholder forum that would allow religious leaders to provide ethical guidance on the initiative.
While raising concerns, Onike commended the Tinubu-led administration for its ongoing efforts to ease the hardship faced by Nigerians.