Over 22,000 people benefited from N1bn matching grant fund in Kebbi-MD, BoI



The Managing Director and Chief Executive Officer of the Bank of Industry (BoI), Mr Olukayode Pitan, has disclosed that over 22,000 people have benefited from the N1 billion matching grant fund released by the Kebbi Government.


The managing director disclosed this when he paid a courtesy visit to Gov. Atiku Bagudu of Kebbi on Monday in Birnin Kebbi.


He said he was in the state to chart the best course of partnership with the state government to support entrepreneurs to set up industries and companies.


“We commend Gov. Bagudu for providing N1 billion matching grant to the bank and also solicit for further collaboration to move the state forward.


“Over 22,000 people benefited from the fund advanced by the state government to be managed by the bank,” he said.


Pitan said that as part of the bank’s cooperate social responsibility, it would construct an International Technology Hall in the state at no cost.


He also revealed that the bank had approved various projects worth N3.9 billion to finance small and medium scale entrepreneurs and investors in the state.


“N2.8 billion is meant to finance small and medium scale entrepreneurs while N1.5 billion is meant for two indigenous investors in the state, the MD said.


In his remarks, Gov. Bagudu, said that the state government would vigorously pursue its policy of entrepreneurship and investment drive to fruition.


“My administration decided to seek the intervention of the bank of industry through partnership to ease the establishment of industries in the state.


“Already, industrial establishment is on ground on agro-allied products, especially rice mills and tomatoes factory in the state,” the governor said.


Nigeria News Agency reports that Gov. Bagudu, government officials and officials of the bank as well as some private individuals had a closed door session during the visit. .


Edited By: Joseph Edeh and Isaac Ukpoju

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