BoI Plans Fund for Technology Sector-MD

Business News

“Bank of Industry (BOI) Nigeria recognizes that it has a role to play in getting the technology sector to thrive. We are currently working to develop a tech fund.”

Kayode Pitan, Managing Director of BOI, disclosed this during the US-Nigeria Council Breakfast on Building Technology Partnerships and Increasing Corporate Investments in Innovation, in New York, USA.

Kayode Pitan, MD, BOI at the Nigeria -US Council Breakfast Meeting in New York, USA

According to him, the power of technology, when properly applied, is able to solve problems, and, therefore, Nigeria cannot afford to not leverage technology.

“BOI is interested in partnering with other members of the Council to put together a tech fund,” he said.

Okechukwu Enelamah, Nigeria’s Minister of Industry, Trade and Investment, who also addressed the gathering, said: “The technology sector holds many opportunities for our government to address the issue of youth unemployment. We need more Ardelas in Nigeria.”

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