The Bank of Industry, BoI, has said it disbursed over N36 billion within 9 months in 2016 to agro-allied sector of the economy.
Regional Head of BoI, Mr. Obaro Osa, who disclosed this at the Lagos International Trade Fair SMEs forum organised by the bank over the weekend said bank’s loan portfolio as at 2014 stood at $2.7 billion, adding that the target was to shore it up to $5.4 billion by 2019 in a bid to drive home its mission statement.
“It is imperative to know that BOI’s Non-Performing Loan Ratio is less than 4 percent. Our mission is to transform Nigeria’s financial space by supporting the large, the medium and small scale in a bid to bring life to entrepreneurship,” Osa said.
He noted that BoI was committed to expanding its footprints from 15 state offices to 19 offices, revealing that it has a significant project for those in export and other commercial activities.
He said that the short-cut to sales is clarity and there is utmost need to be clear in mind, adding that it was important also to identify the exact type of people being targeted recognising that they have both internal and external targets.
