MD/CEO of Bank of Industry, Dr. Olasupo Olusi
By Victoria Onehi
The Managing Director/Chief Executive Officer of Bank of Industry, Dr. Olasupo Olusi, has disclosed that the organisation has invested $15 million in the New Africa Medical Centre of Excellence in Abuja and N25 billion in the National Credit Guarantee Company (NCGC) to improve access to financing for MSMEs lacking collateral.
The objective of the find he said is to remove the long-standing barriers preventing small businesses from accessing finance.
Olusi who disclosed this during an interactive session with media partners in Lagos on Monday said the Impact Fund is been financed through a percentage of the Bank’s annual profits to support strategic national investments and the MSMEs.
The BOI boss also announced plans to commence non-interest banking operations following final regulatory approvals from the Central Bank of Nigeria.
He said the initiative would provide inclusive financing options for Nigerians who prefer non-interest financial products.
In addition, Olusi disclosed that BOI has established more than 20 youth and skills hubs nationwide focused on ICT, agro-processing, fashion, printing, and entrepreneurship development.
“These hubs are designed to help young Nigerians learn, innovate, package products, and eventually establish sustainable businesses,” he stated.
Reaffirming BOI’s commitment to Nigeria’s economic transformation, Olusi said the Bank remains focused on creating measurable impact across communities and sectors nationwide.
“The opportunities for making a difference in Nigeria are enormous across all sectors and spheres of life,” he added.
