Bank of Industry Limited Reiterates Commitment to Support SMEs in 2017
(VON) The Bank of Industry Limited has reiterated its commitment to continue to meet its set goals of transforming Nigeria’s industrial sector in 2017 by providing financial and business support services to Small and Medium -sized Enterprises. (SMEs) .
The Acting Managing Director of the bank, Mr Waheed Olagunju gave the assurance at Offa in Kwara State during an interactive session with newsmen.
Mr Olagunju said the bank would continue to identify and promote viable and potentially viable enterprises that are into agro- processing, solid minerals, information technology, oil and gas and creative industry.
The Acting Managing Director, however, disclosed that enterprises that can benefit from the loan package of the bank are those that have the price capability of repaying because this is one of the ways to determine potentially viable organizations.
Mr Olagunju revealed that the financial institution is still working in line with its five year plan adopted in 2014 which earmarked N310billon for SME’s explaining that it’s still committed to its funding measures and programmes.
According to him, Nigeria has the highest investment opportunities in the agricultural sector and blessed with solid minerals hence the need for Nigerians particularly the youth to capitalise and key into this abundant and natural opportunities.