The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) and the Bank of Industry (BOI) have entered into a strategic partnership to disburse a N75 billion intervention fund to support Micro, Small, and Medium Enterprises (MSMEs) across Nigeria.
The MoU, signed at the BOI headquarters in Lagos, marks a significant step towards enhancing access to finance for MSMEs and fostering economic growth within the country.
“With the support of NACCIMA, we believe we can expand our reach and magnify our impact,” said Dr. Olasupo Olusi, Managing Director and Chief Executive Officer of BOI, expressing optimism about the partnership.
NACCIMA President, Dele Oye, emphasized the crucial role of BOI in supporting the growth of Nigerian businesses. “The BOI has played a pivotal role as an engine of growth, and a catalyst for transformation in Nigeria’s industrial landscape,” Oye stated. “By extending long-term financing and expert advisory services, the BOI has empowered large, medium, and small enterprises alike, galvanizing growth across a diverse array of sectors.”
Oye further stressed the importance of increased funding and robust resources for the BOI to effectively support the growing needs of Nigerian businesses. This partnership signifies a commitment to fostering a more conducive business environment and empowering MSMEs to contribute significantly to Nigeria’s economic development.
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