The Bank of Industry  has announced its support   for Micro, Small, and Medium Enterprises across the country with the disbursement of loans totaling about N77.65bn.

These loans, the bank said, were given to almost 1,000 MSMEs across the country to enable them to boost their operations.

 The BOI Managing Director and Chief Executive Officer, Dr Olasupo Olusi made  this known at the bank’s inaugural public lecture series with the theme, “Creating Impact: The role of MSME support and financing in alleviating poverty and food security in Nigeria.”

He explained that the bank’s support to MSMEs extend far beyond financial assistance, noting that it is working to create an environment that fosters sustainable growth through access to capacity building programs, promoting technological innovation, and connecting businesses to domestic and international markets.

In his presentation at the lecture, professor of Economics and Development at the University of Uyo,Prof.Akpan Ekpo said MSMES has significant impact in nations economic growth

The highlight of the event was the launching of BOI Journal of Development Finance and Journal of Development Review