• Tuesday, December 05, 2023
businessday logo


BOI to support Rivers industrial hubs, SMEs

BOI to support Rivers industrial hubs, SMEs

The Bank of Industry has said it would support the Rivers State Government’s industrialisation drive by funding industrial hubs and Small and Medium Enterprises.

Olukayode Pitan, the managing director of the bank, stated this during a visit to the Governor of Rivers State, Simi Fubara, recently.

According to Pitan, BOI has invested over N55.65bn across diverse projects in Rivers State.

He said the bank’s investments encompassed large, medium, small, and micro enterprises, reflecting its commitment to fostering growth at every level.

Read also: Bank of Industry increases support to MSMEs by 56.3%

He added that 55.31 per cent of BOI’s total investments in the South-South Region were concentrated right here in Rivers State.

According to Pitan, the bank’s regional office that oversees its operations in the six states of the South-South region is located in Port Harcourt.

He said, “We propose the co-creation of specialised funds to empower Micro, Small, and Medium Enterprises across all 23 local government areas of Rivers State. By offering tailored financial solutions and capacity building, we aim to amplify entrepreneurial growth and job creation.