The Bank of Industry has raised about $1.11bn medium-term syndicated facility from the international capital market to support micro, small, medium and large enterprises across key sectors of the Nigerian economy.
With the successful conclusion of this transaction, the BoI is poised to catalyse domestic production and job creation on a transformational scale, enhance local industry competitiveness, and attract domestic and foreign investments.
The move would also assist the bank integrate local industries into domestic, regional and global value chains; grow export earnings and positively impact the overall economic development of Nigeria in line with its mandate.