Abuja - The Bank of Industry (BOI) would soon start disbursing the African Development Bank’s N80billion ($500 million) fund to industrialists in Nigeria, reports National Mirror.
Muhammed Dikwa, BoI’s Chairman, said the federal government facilitated the fund to deepen the bank’s credit delivery process and funding of the industrial sector at concessionary rates.
He noted that Nigerian industrialists would be able to access the fund as soon as the bank complies with the stipulated disbursement requirements.
He noted that there were other existing development fund initiatives under the bank’s management, including the N5 billion BOI/Dangote Small-Scale Businesses Development Fund.
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