EFFORTS TO REFLATE THE NIGERIAN ECONOMY HAVE SEEN THE BANK OF INDUSTRY (BOI) DISBURSING OVER N1.24 TRILLION TO 4.2 MILLION BENEFICIARIES DRAWN FROM THE MICRO, SMALL, MEDIUM AND LARGE ENTERPRISES.
Written by awawa on April 1, 2022
Efforts to reflate the Nigerian economy have seen the Bank of Industry (BOI) disbursing over N1.24 trillion to 4.2 million beneficiaries drawn from the micro, small, medium and large enterprises.
This initiative has also elicited commendations from President Muhammadu Buhari, who estimates that the Bank has created over nine million jobs in the last seven years.
The commendation came just as the President was commissioning the Second Tower of the BOI building, in Abuja.
President Buhari said the Bank has continued to successfully execute its mandate as a policy institution of the Federal Government, extending single-digit interest rate loans to manufacturers.
He also lauded the management of the Ministry of Industry, Trade and Investment and the BOI for what he described as invaluable contributions to the economic development of the country and the wellbeing of Nigerians