BoI funds for industrial growth
The Bank of Industry, (BoI), has reaffirmed its mandate of supporting only bankable ventures that aid industrial growth and promote economic development.
The bank, while reacting to reports in sections of the social media on its purported partnership withreligiousinstitutions,explained that BoI has never financed any empowerment programme by religious organizations neither did it participate in the programme being referenced.
According to a statement from the Communications Unit of the bank, “BoI as Nigeria’s foremost Development Finance Institution only supports potentially viable ventures that will drive the nation’s Industrialisation agenda, improve the economy and crest jobs.”
The statement, however noted that, the bank partners with organisations with proposals as long as they offer repayment plans and have developmental as well as social impact.
“The bank does not fund religious programmes and activities rather, it only finances potentially bankable ventures promoted by domestic and foreign investors of all faiths,” the statement explained.