• News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
MSME Africa
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
MSME Africa
No Result
View All Result

Bank of Industry to Support Entrepreneurs in Ekiti N1bn Loan

MSME Africa by MSME Africa
November 10, 2020
in Business, Financial Services, News
0
BoI Gets $1 Billion Loan to Help Businesses

Kayode Pitan, BOI MD

Share

A statement from the Office of Ekiti State Commissioner for Trade and Industries has revealed that the Bank of Industry has expressed its readiness to provide credit facilities to the tune of one billion naira to empower entrepreneurs in Ekiti State.

The statement claimed that BOI Manager (Ondo and Ekiti states), Mr Seyi Ashaolu, made the disclosure in Ado Ekiti, the Ekiti State Capital, during a visit to the Commissioner for Trade, Muyiwa Olumilua.

According to the statement titled, ‘Industrial development: Ekiti entrepreneurs to get BOI’s N1b loan’, BOI was ready to give loans worth N1 billion to individual with excellent enterprise in the areas of “health, hospitality and food production”.

Ashaolu reiterated the bank’s readiness “to collaborate with the Ministry and actualize the vision of Ekiti State Government to raise young entrepreneurs by providing development loans for them”.

He therefore urged the commissioner to come up with modalities for recovering previous unpaid loans that were accessed by some entrepreneurs in the state.

In his response, the commissioner lauded BOI for reviving its partnership with the state government through the Ministry of Trade and Industry and assured him that government will provide the necessary logistics to enable entrepreneurs access the loans.

Olumilua frowned on the default by some previous beneficiaries in repayment of the loans and stated that subsequent loans will be disbursed through cooperative societies so that it will not be difficult for government to recover the funds.

Post Views: 0
Share

Related Posts:

  • Africa must prepare for the inevitability of a global food crisis - Akinwumi Adesina
    Overcoming Binding Constraints to Competitive…
  • Oladimeji O. Peters Chairman Credit Bureau Association Of Nigeria
    Credit Reports are Useful Beyond Transactions with…
  • Best Cities to live as an Entrepreneur in Nigeria
    Ultimate 2025 Guide to the Top Business Enabling…
  • Nigerian Government Agencies that Support Entrepreneurship
    Nigerian Government Agencies that Support…
  • MSME Africa Unveils Top 50 Remarkable MSME Founders 2023, Awards them $25,000 in Media Credits
    MSME Africa Unveils Top 50 Remarkable MSME Founders…
  • Bayelsa State Government and Bank of Industry Forge Partnership for Economic Development
    Bayelsa State Government and Bank of Industry Forge…
Tags: Bank of IndustryEkiti StateMuyiwa OlumiluaN1bn LoanSeyi Ashaolu
Previous Post

Orange One Finance Unveils Bespoke Financial Services Products for Consumers

Next Post

CAC to Implement New Technology for Business Registration, Customers to Print Certificates

Next Post
CAC Introduces Self-service Portal, Implements CAMA 2020

CAC to Implement New Technology for Business Registration, Customers to Print Certificates

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result
Join MSME on Whatsapp
Subscribe To Our Newsletter
Enter your email to receive a weekly round-up of our best posts. Learn more!
icon
By subscribing, you agree with our privacy policy and our terms of service.

Recent Posts

  • Africa Needs $100bn Annually for Climate Adaptation, Says SEC DG
  • FG, Nestlé Partner to Boost Milk Production and Livelihoods Through Dairy Training Initiative
  • YEIDEP Committee Set to Oversee N500k Grants and Business Support
  • AFRIMA To Train 1.2 Million Young Africans in 5 Years
  • Call for Applications: The Global Good Fund fellowship 2026 ( For Entrepreneurs and Social Innovators)

Recent Comments

  • 10 Reasons Why SMEs Should Invest in Video Marketing - MSME Africa on How to Create Viral Videos for Social Media in 2024
  • link alay4d on 5 Nigerian-based Companies Providing Accelerator Programs for Startups in 2024
  • Damilare Oladeji on Nigerian Government Agencies that Support Entrepreneurship in 2024
  • situs alay4d on 50 Best Tools to Boost Your Productivity as an Entrepreneur in 2025
  • Otabor Osayomore Blessing on Ultimate 2025 Guide to the Top Business Enabling Cities for Startup Founders and Entrepreneurs in Nigeria
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.

No Result
View All Result
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.