ADVERTISEMENT
The Sun Nigeria
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
ADVERTISEMENT
Home Business

Bank of Industry invests N3.9b in Kebbi for SMSE

24th February 2020
in Business
0
cexim
0
SHARES
130
VIEWS
Share on FacebookShare on Twitter

Olanrewaju Lawal, Birnin Kebbi

The Managing Director and Chief Executive Officer(CEO) of the Bank of Industry (BoI), Mr Olukayode Pitan, has disclosed that the bank has invested about N3.9 billion in Kebbi State for Small,Medium Scale Enterprises (SMSE).

Pitan also 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 during his courtesy to Governor Abubakar Atiku Bagudu in Birnin Kebbi on Monday.

He explained that he was in the state to discuss on modality of partnership with the state government on how to offer support to entrepreneurs and industrialization of the state.

According to him, “We came to Kebbi state in order to chart the best course of partnership with the state government to offer support to entrepreneurs for them 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 the fund advanced by the state government to be managed by the bank,” he said.

Pitan ,who said the bank has established a Branch in Kebbi State since 2017 said , that as part of the bank’s cooperate social responsibilities, it would construct an International Technology Hub in the state at no cost.

While analysis the bank’s investment in the state, Pitan revealed that the bank had approved various projects worth N3.9 to finance small and medium scale entrepreneurs and investors in the state.

According to him, “N2.8 billion is meant to finance small and medium scale enterprises while N1.5 billion is meant for two indigenous investors in the state”.

In his remarks, Governor 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.

 

Ajiri Daniels

Ajiri Daniels

Sun News Online Team

Related Posts

Agric minister under attack over claims of lifting 4.2m out of poverty
Business

3.6m indirect jobs created through $1.1bn externally funded projects –FG

5th August 2022
SEC approves N154.62bn new securities in Q3
Business

SEC warns against unregistered investment crowdfunding platforms

5th August 2022
BUA Foods Plc gets NGX approval to list on board
Business

BUA Foods declares N3.50 dividend per share at 1st AGM

5th August 2022
Next Post
Ekweremadu

Assets declaration: Lawyer disappears with case file against Ekweremadu

MAYHEM IN IBADAN

Irate villagers matchete robbery suspect to death in Imo

Man, 39, jailed 44 months for drugging, robbing victim in Edo

Man kills friend in Lagos over N1,200 debt

Leave a Reply Cancel reply

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

Highlights

We’ll systematically dismantle PDP in Enugu – Edeoga

Ex-IG, Tafa Balogun, dies at 74

Ekweremadu remains in custody as UK court adjourns hearing till Oct 31

Nigeria’s energy policy prioritises rapid integration of solar power –Buhari

Nigeria can’t progress without restructuring –Atiku

How to tackle terrorism, banditry – Osinbajo

Trending

2023: Atiku, Wike meet over party crisis
Politics

2023: Atiku, Wike meet over party crisis

5th August 2022
0

From Ndubuisi Orji, Abuja Peoples Democratic Party (PDP) president candidate, Atiku Abubakar, and the Rivers State Governor,...

End protest now, Tinubu tells youths

2023 and curse of phantom Bishops

5th August 2022
Wabara, Abaribe, youths, others reject zoning to Abia North, Central

Abia 2023: Okey faults Emenike’s statement on APP’s formation

5th August 2022
Edo guber: Labour Party, APC trade words

We’ll systematically dismantle PDP in Enugu – Edeoga

5th August 2022
Ex-IG, Tafa Balogun, dies at 74

Ex-IG, Tafa Balogun, dies at 74

5th August 2022
ADVERTISEMENT

Follow us on social media:

Latest News

  • 2023: Atiku, Wike meet over party crisis
  • 2023 and curse of phantom Bishops
  • Abia 2023: Okey faults Emenike’s statement on APP’s formation
  • We’ll systematically dismantle PDP in Enugu – Edeoga
  • Ex-IG, Tafa Balogun, dies at 74
  • Ekweremadu remains in custody as UK court adjourns hearing till Oct 31
  • Nigeria’s energy policy prioritises rapid integration of solar power –Buhari
  • Nigeria can’t progress without restructuring –Atiku
  • How to tackle terrorism, banditry – Osinbajo
  • Train attack: Negotiator faults govt approach in securing victims’ release
  • APC’ll conclude North-West reconciliation before campaign
  • On Omatseye’s ‘Obituary’
  • TETFund gives state institutions 3 weeks ultimatum to account for intervention funds
  • AfDB official attributes Nigeria’s stunted growth to bad governance, insecurity
  • Sanwo-Olu appoints 7 new advisers
  • Internal security and questions around capacity of Nigerian military
  • Moslem/Moslem ticket based on political strategy –Umenzekwe
  • Oyebanji lauds court verdict on Ekiti APC gubar primary
  • 3.6m indirect jobs created through $1.1bn externally funded projects –FG
  • SEC warns against unregistered investment crowdfunding platforms

Categories

  • Abuja Metro
  • Anambra Watch
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • Change of Name
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.