The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture, NACCIMA, and the Bank of Industry, BOI, have signed a landmark Memorandum of Understanding, MoU, to facilitate the disbursement of a ₦75 billion intervention fund aimed at bolstering Micro, Small, and Medium Enterprises, MSMEs, nationwide.
The agreement was formalised on Thursday at the BOI headquarters in Lagos, with NACCIMA President Dele Kelvin Oye and BOI Managing Director Olasupo Olusi representing their respective organisations.
Speaking at the ceremony, Mr Olusi highlighted the bank’s unwavering commitment to fostering a more inclusive financing framework for Nigerian businesses, expressing confidence that the partnership would catalyse growth within the MSME sector.
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NACCIMA President Dele Kelvin Oye echoed this sentiment, describing the intervention as a much-needed lifeline for small businesses. He emphasised its potential to address long-standing funding challenges while driving growth in critical sectors such as agriculture, food processing, creative industries, healthcare, and renewable energy.
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