The Jigawa State Government and the Bank of Industry (BOI) have signed a partnership agreement to facilitate industrial development of the state.
The Memorandum of Understanding (MoU) was signed in Dutse on Tuesday, July 2nd.
Governor Umar Namadi stated that the ₦6 billion partnership clearly demonstrates his dedication to realizing his 12-point agenda of transforming Jigawa into an industrial hub.
Namadi said the partnership would help the prospective enterprises and Micro, Small and Medium Enterprises (MSMEs) to have easy access to soft loan.
He said that of the ₦6 billion partnership agreement, ₦4 billion would be kept as matching fund, while the remaining ₦2 billion would be used as “managing funds”.
The governor also inaugurated the Jigawa branch of the BOI in Dutse, shortly after signing the MoU.
The Managing Director, Dr Olasupo Olusi, was represented by the Executive Director, Corporate Services, Mr Usen Effiong,
He said Jigawa had made history by providing the matching and management funds for supporting industrial growth.
“With this MoU, we are joining hands with the BOI to facilitate access to soft loan to undertake small, medium and even large scale businesses.
“We are happy to have a BOI branch in our state. All relevant state government agencies are being engaged to enlighten Jigawa citizens and support them to access the opportunities in the bank,” he said.
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