BOI Targets Inclusive Economic Devt With MSMEs Funding

The Bank of Industry (BoI) has promised inclusive economic development through funding of micro, small and medium enterprises(MSMEs) in states where it has its presence across the country.

The managing director/CEO, Bank of Industry, Dr. Olasupo Olusi, who stated this during the launch of its new office in Kogi State on Monday, noted that, its presence will enable MSMEs, cooperatives, women- and youth-led businesses, and industrial ventures in the state to grow, create jobs, and contribute meaningfully to inclusive economic development.

Stating that the commissioning of the BOI’s new state office in Kogi is more than the unveiling of a building, he said, “It is a clear reaffirmation of our commitment to bringing development finance closer to the people and businesses that power Nigeria’s growth.”

This commissioning, he stressed, is a key step in delivering on its corporate strategy, which focuses on deepening support for MSMEs, expanding access to affordable financing, promoting youth and women entrepreneurship, and strengthening impact in key sectors such as agriculture, solid minerals, manufacturing, the creative economy, and the circular economy.

Through facilities like the N200 billion MSME Intervention Fund and other targeted programmes, he disclosed that BOI will continue to support businesses that create jobs, stimulate innovation, and add real value to our economy. I invite entrepreneurs across Kogi State to fully leverage this opportunity.