BOI, IFC explore opportunities in financing industrial sector

To examine collaborative opportunities between Nigeria’s financial and real sectors, the Bank of Industry (BoI) and the International Finance Corporation (IFC) are set to host a stakeholder conference to examine the current realities of the operating environment and foster growth of Nigeria’s industrial base.

The conference, themed, ‘Empowering Futures: A Collaborative Journey in Financing Nigeria’s Industrial Sector’ is scheduled to hold on February 5 in Lagos, and will bring together chief executives of commercial banks, microfinance banks, insurance companies, and real sector companies. The event will feature the visit of IFC’s Regional Vice President for Africa, Sérgio Pimenta, to Nigeria.

Speaking at the conference, Olasupo Olusi, Managing Director/CEO of Bank of Industry, said: “As Nigeria’s leading DFI, one of the primary drivers of BOI’s development strategy is to accelerate Nigeria’s development through supporting environmentally friendly and sustainable projects across the key sectors of the economy”.

IFC’s Regional Director, Central Africa and Anglophone West Africa, Dahlia Khalifa said: “A robust industrial sector in Nigeria must be based on innovation, technological advancement, and skills development, contributing to a more sustainable and growing national economy. IFC works with a wide range of partners, such as the Bank of Industry, to empower millions of Nigerians to achieve this with private sector solutions and growth.”