The Bank of Industry (BOI) has raised €2 billion in its largest-ever global loan syndication to strengthen financial capacity and support critical initiatives such as SME growth, industrial diversification, and infrastructure projects.
BOI Managing Director Olasupo Olusi announced this during the bank’s 65th anniversary in Lagos, highlighting that the funds are part of over $5 billion raised since 2017 through Eurobonds, loan syndications, and green finance instruments.
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Olusi detailed BOI’s strategic milestones, including its role as the executing agency for the N200 billion Federal Government MSME Intervention Fund and its new six thematic focus areas targeting gender, youth, climate, digital economy, and infrastructure.
The bank also revealed plans to expand into non-interest banking, enhance rural financial inclusion, and recapitalize its subsidiary, LECON Financial Services, with N50 billion to boost leasing solutions for businesses.
BOI aims to extend its services to all 36 states by the first quarter of 2025, reaffirming its commitment to driving economic growth and empowering enterprises nationwide.
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