BOI expends N18bn industrializing Oyo State -MD

Business News

By Gilbert Ekugbe

THE Bank of Industry (BOI)’s disbursement to support entrepreneurship development in Oyo State has hit N18 billion out of the N20 billion earmarked to support industrialisation in the State.”

Olukayode Pitan, the bank’s Managing Director/CEO, disclosed this during a courtesy visit by the BOI management team led by Pitan to Abiola Ajimobi, Governor of Oyo State.

“We are here to know your area of focus and we also want to see that industrialisation and agricultural development continues to thrive in Oyo State. We have noted your giant strides in taking the State to its desired position and we are here to help you achieve that,” said Pitan.

He assured that the bank would continue to support industrialisation in the State, expressing the bank’s commitment to do more to support an all-inclusive economic growth in the State.

In his response, Governor Ajimobi lauded BOI for its proven track records in providing technical and financial support to enterprises across the country.

“BOI can be useful to us in terms of building capacities to support industrial development while also training our people to become entrepreneurs to be employers of labour rather than job seekers.” he said.

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