BoI disburses N22bn to manufacturers
The Bank of Industry (BOI) has disclosed that it disbursed N22.89 billion to 29 manufacturers as part of the N75 billion manufacturing sector intervention fund. Managing Director, Olasupo Olusi, made this known yesterday at the first BOI interactive session with the Organised Private Sector in Abuja, which was monitored virtually. Mr Olusi said that out […]
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The Bank of Industry (BOI) has disclosed that it disbursed N22.89 billion to 29 manufacturers as part of the N75 billion manufacturing sector intervention fund.
Managing Director, Olasupo Olusi, made this known yesterday at the first BOI interactive session with the Organised Private Sector in Abuja, which was monitored virtually.
Mr Olusi said that out of the N75 billion manufacturing sector fund, another 20 projects valued at N6.3 billion were at different stages of disbursement.
He said that the interactive session was a collaborative milestone, a reflection of shared vision to create a thriving industrial sector.
According to him, “It is also a critical step in driving Small and Medium Enterprises (SME) development through strategic partnerships. Recently, we signed a Memorandum of Understanding (MOU) with your esteemed associations.
“This agreement underscores a simple truth that we cannot transform Nigeria’s industrial landscape alone.The journey to sustainable economic growth must be fueled by collaboration, innovation, and a shared resolve to address systemic challenges,” he said.
Mr Olusi urged the organised private sector to keep in mind the six thematic areas of impact that BOI was focused on in line with President Bola Tinubu’s Renewed Hope Agenda.