The Bank of Industry (BOI) has approved loans of more than N16 billion to various cooperative groups across the country to assist small and medium entrepreneurs.
Also, the bank has trained almost 10,000 small and medium entrepreneurs in the last three years on how to establish and run bankable small businesses.
Managing Director of BOI, Ms Evelyn Oputu, made these known in Abuja, at an Enterpreneu-rial Development Workshop/Boot Camp, organi-sed by the bank in conjunction with the US embassy.
She disclosed that “the products of the boot camp series formed the nucleus of BOI’s cooperative lending programme under which the bank lends to specially formed cooperatives that comprise mainly women and youths under a collective guarantee arrangement.”
Declaring the 15th in the series workshop, tagged “Secret to Business Success” open, Minister of the Federal Capital Territory (FCT), Senator Bala Mohammed, said the capacity development workshop was a support for the on-going government/private sector efforts towards the attainment of the millennium development goals (MDGs), National Economic Empowerment and Development Strategy (NEEDS) and the New Partnership for Africa’s Development (NEPAD).
Culled from Nigerian Tribune
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