The Bank of Industry (BOI) said it has disbursed N22.89 billion to 29 manufacturers from the N75 billion intervention fund for the sector.
This was disclosed by the BOI Managing Director, Dr Olasupo Olusi, during the first BOI interactive session with the organised private sector in Abuja.
Olusi said the interactive session was organised to enable stakeholders to reflect on ways to create a thriving industrial sector and boost micro, small and medium enterprise (MSME) performance.
He noted that the N22.89 billion disbursed to 29 manufacturers was part of the N75 billion manufacturing sector intervention fund. According to him, 20 other projects valued at N6.3 billion are at different stages of disbursement.
He also called for collaboration between MSMEs and the government, noting that it would help to achieve growth and address systemic challenges.
Emphasising the need for improved…
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