Bank of Industry (BOI) has reiterated its commitment to improving access to affordable financing for the Micro Small and Medium Enterprises (MSMEs) by the continuous disbursement of the N75 billion intervention fund aimed at empowering MSMEs, creating over 75,000 direct jobs and 150,000 indirect jobs nationwide.
Managing Director, Bank of Industry (BOI), Olusupo Olusi, assured all stakeholders of government’s commitment and focus on driving inclusive economic growth through small business development.
Olusi said: “While loans have been approved for many applicants, some disbursements are being delayed because of incomplete documentation and other compliance gaps that could easily be resolved.
“This MSMEs engagement is designed to address these challenges head-on. We want every qualified Nigerian entrepreneur to benefit from this fund.”
BOI Regional Manager-North Central, Nasiru Ozovehe, gave further insight into the impact of the loan programme so far, stating that the funds are still available, and the bank is urging more entrepreneurs to take advantage of them.
