The Federal Government on Wednesday inaugurated the new governing board of the Bank of Industry (BOI), charging its members with the responsibility of enhancing national economic growth and industrial development.
The ceremony, held in Abuja, was officiated by the Minister of Industry, Trade, and Investment, Doris Uzoka-Anite.
In her keynote address, Uzoka-Anite emphasized the crucial role the BOI plays in Nigeria’s economic framework, particularly in supporting Micro, Small, and Medium Enterprises (MSMEs). She urged the newly appointed board members to uphold the highest standards of public service, stating that their appointment reflects President Bola Ahmed Tinubu’s confidence in their abilities.
“The Bank of Industry is a vital institution in our nation’s economic framework,” said Uzoka-Anite. “As we align with the Renewed Hope Agenda, BOI must prioritize MSMEs to drive sustainable economic growth and job creation.”
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The minister praised the outgoing board for their achievements, including financial support to over 3,000 MSMEs, creating over one million jobs, and launching an online loan application platform. The newly inaugurated board is expected to build on these successes, fostering innovative strategies to enhance BOI’s contribution to industrial development further.
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The board is led by Chairman Dr. Mansur Muhtar, OFR, who expressed gratitude to President Tinubu and pledged to align BOI’s operations with national economic goals, particularly under the Renewed Hope mandate. Other board members include Dr. Olasupo Olusi (Managing Director/CEO), and representatives from the Central Bank of Nigeria (CBN), Ministry of Finance Incorporated (MOFI), and the Manufacturers Association of Nigeria (MAN).
The Permanent Secretary, Amb. Nura Abba Rimi, reminded the new board members of the importance of their task in achieving sustainable industrial growth, urging them to collaborate closely with the ministry and other stakeholders to ensure economic prosperity.
