The Bank of Industry (BOI) , with the assistance of the Central Bank of Nigeria (CBN), Debt Management office (DMO), and other stakeholders has been able to access a line of credit of $100 million from the African Development Bank (AfDB).
The BOI has said the funds were accessed in order to aid its development objectives of lending to Small and Medium Enterprise SMEs, especially for those with export oriented businesses. Already the 1st tranche of $50 million has already been accessed from the AfDB. I urge all entrepreneurs/ start up managers who have genuine businesses and have carried out due diligence to apply to the BOI for these facilities.These can be utilized towards capital expenditure and working capital etc. Please share, Retweet to all those who have great business plans and are looking for finance. You can also follow our various topics on enterpreneurship and how to build great businesses, coming soon on this blog. Our series featuring successful business people who want to share their success stories with us will soon begin.
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