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BoI reaffirms commitment to SMEs development


Lagos  –  Mr Waheed Olagunju, Executive Director of the Small and Medium Scale Enterprises (SME) of the Bank of Industry on Tuesday re-affirmed the bank’s commitment to assisting SMEs to grow.

Olagunju was speaking at the SMEs forum, organised by the Lagos Chamber of Commerce and Industry at the ongoing Lagos International Trade Fair.

According to him, most policies of the bank are aimed at economic empowerment of entrepreneurs.

Olagunju noted that in the past one year, the bank, mindful of its vision, had repositioned to fulfill its set goals in the six geo-political zones in Nigeria.

The director said that in order to serve its customers better, the bank was leveraging on Information Communications Technology (ICT).

“We cannot be everywhere. We leverage on ICT to get to our customers. Now you don’t need to get to our offices.

”Through ICT, our customers can access our service offerings online.

“We also have SME customer hub on our website,’’ Olagunju said.

On efforts put in for easy access to its customers, he said that the bank now had two offices each in the geo-political zones.

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He said that the bank had also appointed more business development officers to meet various needs of its customers.

Olagunju said that the bank was also passionate about youth development programmes, noting that it was introducing segmented products to meet the needs of youths.

On partnership with Development Finance Institutions, the director said that BOI now had a line of credit funds from the African Development Bank to assist export-based SMEs. (NAN)

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