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            Home » BOI disburses N22.89bn from manufacturing intervention fund
            Business

            BOI disburses N22.89bn from manufacturing intervention fund

            Prompt NewsBy Prompt NewsDecember 10, 2024Updated:December 10, 2024No Comments1 Min Read
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            BOI-Olasupo Olusi
            BOI Managing Director, Dr. Olasupo Olusi
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            By Tony Obiechina, Abuja

            The Bank of Industry (BOI) has disbursed N22.89 billion out of its N75 billion Manufacturing Sector Intervention Fund to support 29 manufacturers.

            This was announced by Dr. Olasupo Olusi, Managing Director of BOI, during the bank’s  interactive session with the Organized Private Sector (OPS) held in Abuja.

            The event, themed “Driving SME Development through Strategic Partnerships,” was also accessible virtually.

            Olusi noted that an additional N6.3 billion is earmarked for 20 ongoing projects currently at different stages of disbursement.

            He described the session as a pivotal moment in fostering collaboration and advancing the nation’s industrial and economic development.

            The BOI interactive session served as a platform for dialogue and strategic planning, reinforcing the bank’s commitment to being a trusted partner for the private sector.

            Olusi concluded by affirming BOI’s readiness to work hand-in-hand with stakeholders to reshape Nigeria’s economic and industrial future.

            “The Bank of Industry stands as your partner in progress, ready to support at every step of the way. Together, we can transform Nigeria’s economic landscape,” he said.

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            Bank of Industry Dr. Olasupo Olusi
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