ADVERTISEMENT
  • Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, September 16, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • All
    • Athletics
    • Basketball
    • Boxing
    • Esports
    • Football
    • Olympics
    • Paralympics
    • Tennis

    AFN Congratulates Amusan On Silver Medal Victory

    Lionel Messi’s Barcelona Rookie Card Sells For Record $1.5m

    Duplantis Sets New Pole Vault World Record For 14th Time At Tokyo 2025

    World Championships: Amusan Claims Silver In Women’s 100m Hurdles, Opens Team Nigeria’s Medal Count

  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • All
    • Athletics
    • Basketball
    • Boxing
    • Esports
    • Football
    • Olympics
    • Paralympics
    • Tennis

    AFN Congratulates Amusan On Silver Medal Victory

    Lionel Messi’s Barcelona Rookie Card Sells For Record $1.5m

    Duplantis Sets New Pole Vault World Record For 14th Time At Tokyo 2025

    World Championships: Amusan Claims Silver In Women’s 100m Hurdles, Opens Team Nigeria’s Medal Count

  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

BoI, NASSI Partner To Disburse N75bn MSME Intervention Fund

by Leadership News
11 months ago
in Business
BOI
Share on WhatsAppShare on FacebookShare on XTelegram

The Bank of Industry (BoI) and the Nigerian Association of Small-Scale Industrialists (NASSI) have signed a Memorandum of Understanding (MoU) to facilitate the disbursement of a N75 billion intervention fund aimed at supporting micro, small, and medium enterprises (MSMEs) across Nigeria.

Advertisement

The signing ceremony took place yesterday at the NASSI’s headquarters in Abuja. Speaking at the event, BoI representative, Amina Habu, stressed the bank’s commitment to supporting the growth and sustainability of MSMEs. Habu assured that measures were in place to ensure that only eligible enterprises would access the funds. She said BoI is committed to working closely with NASSI to meet the bank’s objectives, and will ensure that no ghost businesses assess the loan package.

The N75 billion fund, designed to address the challenges MSMEs face in accessing affordable credit, offers loans of up to N1 million to qualified businesses. In addition to financial support, the programme will provide technical assistance and capacity-building initiatives, helping businesses adopt best practices to improve their competitiveness.

National president of NASSI, Dr. Solomon Daniel Vongfa, described the intervention fund as a “crucial lifeline” for small-scale businesses, especially in light of recent economic challenges. He commended the federal government and BoI for their efforts, emphasising that small businesses are essential to driving job creation and economic growth. “This initiative will unlock the potential of many MSMEs and stimulate economic prosperity,” Vongfa said.

Vongfa also outlined NASSI’s role in promoting the fund, revealing plans to conduct workshops, seminars, and outreach programs across Nigeria’s 36 states. The goal, he said, is to ensure that entrepreneurs fully understand the eligibility criteria and application process.

Related News

Schneider Electric Unveils All-in-one Electrical Safety, Connectivity Product

11 hours ago

Green Energy’s $400m Indigenous Terminal Ends 50-year Reliance On Foreign-built Export Infrastructure

17 hours ago

“We will make this project a success,” Vongfa pledged. “Though the N75 billion may not cover all our members, it is a good start. This intervention will create jobs, reduce poverty, and strengthen the economy.”

He urged MSMEs to visit NASSI’s portal for the loan application.

NASSI’s director-general, Chris Oputa, expressed optimism about the fund’s long-term impact, noting that the association’s persistent advocacy for MSME support had finally yielded positive results. Oputa emphasised that the programme prioritises genuine entrepreneurs, not opportunistic businessmen.

“We are proud to bring real, vulnerable entrepreneurs into this scheme,” Oputa remarked.

 

He added that the collaboration between BoI and NASSI aims to build a thriving entrepreneurial ecosystem that will stimulate sustainable development and alleviate poverty across Nigeria.

Join Our WhatsApp Channel

Tags: Bank of Industry (BOI)
SendShare10186Tweet6366Share

Other News Updates

Business

Schneider Electric Unveils All-in-one Electrical Safety, Connectivity Product

2025/09/15
Business

Green Energy’s $400m Indigenous Terminal Ends 50-year Reliance On Foreign-built Export Infrastructure

2025/09/15
Business

Dangote Urges Prioritisation Of Food Security In Africa

2025/09/15
Business

Illegal Mining: Alake Hails Ansaru Leader’s Conviction

2025/09/15
Business

NCAA Launches Campaign Against Unruly Passengers At Airports

2025/09/15
Business

UBA Pledges $150m for Kenyan Roads, Commits to Africa’s Growth

2025/09/15
Leadership Conference advertisement

LATEST

2027: Nigerians ‘Not Considering’ Making Atiku President, Says APC

NELFUND Seeks National Assembly Support On Education Financing

Indian Court Okays Wildlife Conservation At Vantara Private Zoo

Atiku, Other Adamawa Gladiators Attend Bamanga Tukur’s 90th Birthday In Abuja

Police Escorts Injured, Jigawa Speaker Unhurt In Convoy Accident

‘Government Should Stop Reinforcing Bad Behaviour’, Ex-CP Ojukwu Faults Negotiations With Bandits

Aregbesola, Daniel, Mimiko Visit Olubadan-designate

Presidency Tackles Atiku Over ‘Hunger’ Claim

Jonathan Holds Democracy Dialogue In Ghana

JUST-IN: Federal Government Halts 4% FOB Customs Levy Over Trade Facilitation, Inflation Concerns

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.