The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) and the Bank of Industry (BOI) have signed a Memorandum of Understanding to disburse a ₦75 billion intervention fund aimed at supporting Micro, Small, and Medium Enterprises (MSMEs) across Nigeria.
The agreement, signed by NACCIMA President Dele Oye and BOI Managing Director Dr. Olasupo Olusi in Lagos, signifies a strengthened commitment to fostering a more inclusive financing environment for Nigerian businesses.
Olusi expressed optimism, stating that the collaboration with NACCIMA would expand the BOI’s reach and amplify its impact. Oye highlighted the BOI’s role as a catalyst for industrial transformation, emphasizing that the intervention fund would address key funding challenges faced by MSMEs.
Calling for enhanced funding and resources for the BOI, Oye underscored the partnership’s potential to support businesses across sectors like agriculture, food processing, creative industries, healthcare, and renewable energy.
“This MOU is a declaration of our intent to build a future where businesses thrive, jobs are created, and our economy prospers,” Oye stated, reiterating NACCIMA’s commitment to fostering a dynamic and inclusive economy.
