BoI releases N24 billion to industrialists in Kano

The Managing Director, Bank of Industry, Mr. Olukayode Pitan, says the bank has provided a total of N24 billion to industrialists in Kano State. He gave the figure on Sunday in Abuja during a meeting with the Kano State Governor, Abdullahi Ganduje.

He stated that that the bank through the disbursement of the funds had generated about 96,000 direct and indirect jobs in the Small Medium Enterprises as well as Micro Small and Medium Enterprises.

He said that the funds were disbursed through different funding windows such as the BoI/Kano State Government matching fund; the Bol-Dangote fund; and the Government Enterprise Empowerment Programme (Market Moni).

He gave some of the sectors of the economy where the funds were invested as agribusiness, petrochemical and gas, metal fabrication, infrastructure and solid mineral. Pitan said, “Generally, as of 31th August, 2017, the bank had provided loans in excess of N24.02bn to the SMEs and the MSMEs, across the state with over 96,000 direct and indirect jobs.”

Photo Caption: Managing Director, Bank of Industry, Olukayode Pitan,