BoI Pledges Commitment to SMEs


The Bank of Industry (BoI)  has said it is committed to ensuring that more industries are created while existing ones are supported in order not to go into extinction.

The Managing Director of BoI, Mr Olukayode Pitan, stated this at Ibadan when he paid  curtsy call on Governor Abiola Ajimobi.

He said that N18 billion has been disbursed from N20 billion approved for small and medium scale industries.

The BoI Managing Director applauded the giant stride of Ajimobi led administration in Oyo State.

On his part, Gov Ajimobi requested the assistance of the bank for the state in the areas of industrialization, science and technology, education, and agriculture.

The Governor said that his administration had begun the training of residents to become entrepreneurs and employers of labor.