The Bank of Industry (BOI) along with some stakeholders were present at the Prospective Customers and Stakeholders’ Forum of the Large Enterprises Directorate with the aim creating better synergy with its customers along different value chains.
MD of Bank of Industry, Mr. Kayode Pitan, says the Bank is aggressively sourcing for funds from local and international development partners in order to serve customers better; recently, almost $1bn has been raised from the financial markets.
He added that the bank’s support to large corporates over the years has created over a million jobs, as they are committed to doing more.
Executive Director, Large Enterprises, Mr. Simon Aranonu, fielding questions, says the Bank is committed to providing key linkages between large enterprises and SMEs, which will galvanize job creation and economic growth.
According to Aranonu, “Our support for large corporates covers various value chains from agro-processing, cotton and textile, engineering and technology, oil and gas, health and petrochemicals, food processing, creative industries, amongst others. We have shown that we are flexible in the pricing of our facilities and our partnerships with commercial banks has made our funds more accessible to industrialists”