The Bank of Industry (BOI) on Friday organised a sensitisation programme in Benin City, Edo State, to enlighten business owners about the federal government’s N75 billion intervention fund for Micro, Small, and Medium Enterprises (MSMEs).
Speaking at the event, BOI Manager, Engr. Christopher Omondiagbe, highlighted the fund’s benefits, including a nine percent annual loan interest, aimed at empowering entrepreneurs to boost economic growth.
“The MSME sector drives innovation, creates jobs, and fosters growth. This intervention ensures businesses have access to affordable financing and technical support,” Omondiagbe stated.
Read also:
- SMEDAN secures strategic partnership to expand access to finance, markets for Nigerian MSMEs
- Over 4.6 million youths enrolled in FG’s programme
- Gov Bago lauds training for 10,000 youths, women in agrobusiness
- US cuts $51m SME funding, threatening African startups, farmers
- Ghana eyes startup hub status with innovation bill
He also mentioned key partners like NASSI, NASME, SMEDAN, Edojobs, and ESIPO, who are working to ensure the initiative’s implementation across Edo’s 18 local government areas under the Renewed Hope Agenda.
The programme prioritises sectoral diversity, agricultural productivity, job creation, and GDP growth, fostering economic resilience in various industries.
Mr Amen Odigie, Managing Director of ESIPO, reiterated the office’s commitment to collaborating with BOI to create a conducive environment for businesses to thrive.
Discover more from SMALL BUSINESS INSIGHTS
Subscribe to get the latest posts to your email.
