BOI, AFD sign $30m deal to fund creative businesses

The Bank of Industry (BOI) and France’s development agency, Agence Française de Développement (AFD), have signed a $30 million credit facility to finance businesses in Nigeria’s creative and cultural industries, with priority for youth-led and women-led enterprises.
The agreement was signed in Abuja by BOI Managing Director, Dr. Olasupo Olusi, and AFD Chief Executive Officer, Christophe Lecourtier.
Olusi described the deal as a major milestone in the partnership between both institutions, saying it would expand access to finance for a sector with significant potential for job creation and economic growth.
He said music, film, fashion, design and gaming offered opportunities to crea...