The Bank of Industry (BOI) has revealed that the industry disbursed over N1.27 trillion to various enterprises in sectors of the economy in 2024.
The industry stated that the move has supported more than 900,000 jobs nationwide.
BOI’s Managing Director/Chief Executive Officer, Dr Olasupo, said this during the 10th Nigeria Energy Forum (NEF), held virtually in Lagos.
Olusi was represented by Ms Mabel Ndagi, BOI’s Executive Director for Public Sector and Intervention Programme.
He said, ” the industry has continued to play a pivotal role in Nigeria’s industrial development, enabling businesses of all sizes to expand production, boost value addition, and create employment opportunities.
“The implementation of the N200 billion Federal Government MSME Intervention Fund, provides affordable financing to small businesses through three components, N50 billion Presidential Conditional Grant Scheme (PCGS), N75 billion MSME Intervention Fund, N75 billion Manufacturing Sector Fund,” he said.
He added that the bank was scaling up investments in green finance, circular economy solutions, renewable energy integration, energy efficiency, and low-carbon industrial processes.
He said the bank’s ambition underscores its leadership in financing renewable energy infrastructure, clean manufacturing, and climate-smart industrial practices.
Ms Jadesola Rawa, Senior Associate, Grants Management at All On, said the initiative, co-created with NEF, seeks to accelerate student-led energy innovations for underserved communities.
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