Sokoto – Gov. Aminu Tambuwal of Sokoto State on Wednesday inaugurated the Sokoto branch of Bank of Industry (BOI) and announced that the state has secured a N2 billion loan package.
The governor, who spoke at the inauguration of the branch, said that small and medium entrepreneurs would access the loan.
He said that the state government and the bank would contribute N1 billion each, adding that the programme was aimed at boosting small and medium scale businesses, as well as boost employment.
The governor challenged the beneficiaries to use the loan judiciously to enhance socio-economic development of the state.
Mr Waheed Olagunju, the BOI Acting Managing Director, said that the bank targeted 40 projects to be funded, adding that seven projects were identified in Sokoto State for financial support.
He listed them as: groundnut oil, animal feeds, leather products, rice processing, food processing, quarries and meat processing. (NAN)