BOI Seeks $5bn to Boost National Industrial Revolution 

The management of the Bank of Industry (BOI) has said it would require about $5 billion over the next two years to make an impact in the implementation of the federal government’s National Industrial Revolution Plan (NIRP). 
The Managing Director and Chief Executive Officer, BOI, Rasheed Olaoluwa, explained that the bank has become a national strategic imperative, especially in view of the NIRP and the National Enterprise Development Programme (NEDEP) recently launched by President Goodluck Jonathan. 
Olaoluwa in his maiden press briefing added that the bank is confident about its shareholders, the Ministry of Finance Incorporated (MOFI) and the Central Bank of Nigeria (CBN’s) support for equity injection, taking cognizance of the huge demands on government resources.

Leave a Reply

Your email address will not be published. Required fields are marked *