WorldStage Newsonline— As part efforts to enhance business and create wealth, the Bank of Industry (BOI) has disbursed credit worth more about N2.5 billion to Micro, Medium and Small Enterprises (MSMEs) in Kano and environs in 2018.
State Manager, Bank of Industry, Kano, Mr Dahiru Bala disclosed this during the two-day MSME clinic which ended in Kano on Thursday.
According to Bala, who oversees the affairs of BOI in both Kano and Jigawa states, the Bank is very active in the Kano region being a major industrial area of the country.
In terms of funds appraisal and fund disbursement, project appraisal and project disbursement we are up and doing.
“Just three weeks ago in the last management committee meeting we presented a total of N1.8 billion projects and all of them were approved.
“And so far in terms of disbursement we are already in excess of about N600 million to N700 million.
“Going by the fact that we are just in the second quarter of the year, I think that we have done reasonably well.’’
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Bala acknowledged that MSME promotion was being organized by the Office of the Vice President, Prof. Yemi Osinbajo, but the BOI had always been a key player wherever the issue of the real sector was involved.
He explained that the sector “is where you talk about industrialization, funding and reviving industries, and supporting new emerging industries to come into play”, adding: “BOI is a very pivotal player in that area”.
