BOI Secures $30m Facility To Drive Jobs, Economic Diversification

The Bank of Industry (BOI) has secured a $30 million credit facility from the Agence Française de Développement (AFD) to expand financing for Nigeria’s creative and cultural industries, with the aim of driving job creation, youth inclusion, and economic diversification.
The facility is expected to provide affordable funding to businesses operating across music, film, fashion, design and gaming, with particular attention to enterprises led by women and young entrepreneurs.
The agreement was signed in Abuja by the Managing Director of BOI, Dr Olasupo Olusi, and the Chief Executive Officer of AFD, Christophe Lecourtier, as both institutions seek to strengthen support for one of Nigeria’s...