BANK of Industry (BoI) has earmarked about N1.2 trillion to support entrepreneurship development in Nigeria, even as it plans to support over 30,000 entrepreneurs over the next two years. Mr. Waheed Olagunju, BoI’s Executive Director, SMEs, stated this in Lagos, at a Harvard Business School Association of Nigeria (HBSAN) members’ forum with the theme, “Alternative […]

THE Bank of Industry (BoI) said it has revised its interest rates on loans for members of the National Youth Service Corp, NYSC, under its Graduate Entrepreneurship Fund (GEF) programme to zero per cent from nine percent as part of its move to encourage youth entrepreneurship.

THE acting Managing Director of Bank of Industry, BOI, Waheed Olagunju, yesterday, told the House of Representatives Ad-hoc Committee investigating the activities of Development Finance Banks, DFI, that the bank has invested N1 trillion in the Nigerian economy in the past 15 years.

THE Bank of Industry’s s intervention in the nation’s real sector, especially in the cables and wires industry, has increased local production of electric cables by 28,000 metric tonnes following the expansion of Coleman Wires and Cables factory from 2000 metric tonnes to 30,000 metric tonnes.

The Micro, Small and Medium Enterprises, under the auspices of Association of Micro Entrepreneurs of Nigeria (AMEN), has decried its inability to participate at 2013 Economic Community of West African States, ECOWAS trade fair, held in Togo, blaming it on finance. Recall that the association was selected by the Nigeria Export Promotion Council, NEPC to represent the country. Speaking at a business forum/ inauguration of AMEN Cooperative, President AMEN, Prince Saviour Iche, described the ongoing submission of business proposals to the Bank of Industry (BOI) through SMEDAN as a welcome development, saying, “ but our members may not be able to access the fund due to stringent requirements and conditions attached to it. We are proposing to meet the management for the way forward.