Dried Crayfish Export from Nigeria:Made Easy

Dried Crayfish Export from Nigeria:Made Easy

Dried Crayfish is one of the foodstuffs currently being exported from Nigeria to countries in Europe, America and Asian More »

How to export Ginger from Nigeria and Make Huge Profit

How to export Ginger from Nigeria and Make Huge Profit

The demand for Ginger in the international market has gone up significantly because the root is now being used as raw material in manufacturing process. More »

Make Millions of Naira through Cashew Export from Nigeria.

Make Millions of Naira through Cashew Export from Nigeria.

The export of cashew nuts and other agricultural commodities from Nigeria is fast becoming very lucrative these days; More »

How To Export Smoked CatFish From Nigeria Without Stress

How To Export Smoked CatFish From Nigeria Without Stress

Smoked Catfish is one of the foodstuffs currently being exported from Nigeria to countries in Europe, America and Asian because Nigerians and other Africans there need it to cook their food. More »

How To Start Cocoa Export Business In Nigeria and Make Profit

How To Start Cocoa Export Business In Nigeria and Make Profit

You Too can start exporting Cocoa from Nigeria to buyers in the US, Europe and make up to 20% -30% as profit. More »

How To Export Moringa Seeds and Leaves From Nigeria (Step By Step)

How To Export Moringa Seeds and Leaves From Nigeria (Step By Step)

Pharmaceutical, cosmetics industries and Individuals in China, the US, Germany, Canada, South Korea and European countries are looking for exporters who can supply Moringa seeds and Moringa leaves and get paid handsomely. More »

How To Start Pure water business In Nigeria

How To Start Pure water business In Nigeria

Sachet and bottled water production is one profitable business opportunity in Nigeria that has high return on investment if well managed. More »

How To Start Small Scale Poultry Farm in Nigeria (Feasibility studies)

How To Start Small Scale Poultry Farm in Nigeria (Feasibility studies)

The high demand for chicken meat and eggs has really proven that Poultry farming in Nigeria is indeed a very lucrative business More »

Livestock Feeds Production Business Feasibility Studies

Livestock Feeds Production Business Feasibility Studies

Livestock feeds production is a very profitable business, the demand for animal feeds in ... You can start a small scale livestock feed production in Nigeria More »

Start A Profitable Groundnut Oil Production Business in Nigeria

Start A Profitable Groundnut Oil Production Business in Nigeria

The high demand for groundnut oil nationwide and the short fall in supply due to the ban on the importation of the product by the federal government of Nigeria has thus make Groundnut oil production business very lucrative. More »

Bitter Kola Export Business in Nigeria, Invest N80, 000 & make 100 percent Profits

Bitter Kola Export Business in Nigeria, Invest N80, 000 & make 100 percent Profits

Do you know you can make 100percent profits when you invest just N80, 000 in exporting Bitter kola from Nigeria to Europe, America and Asia countries? More »

 

Bank of Industry Renews Commitment To Agro-processing Financing In Nigeria

Benin – The Bank of Industry (BoI) has pledged more funding support to industrialists in Edo State to enable them to create value for their agricultural produce in Nigeria.The Managing Director of the bank, Olukayode Pitan, gave the assurance on Wednesday at a meeting with the Edo State Governor, Godwin Obaseki, at the Government House, Benin City.

The visit was part of the familiarisation tours of the newly appointed BoI boss to states where the bank is having subsisting partnership on small medium enterprises (SMEs) development in Nigeria.

He expressed the readiness of the bank to provide funding support to industrialists in Edo, who are operating in the key areas of production activities already mapped out by the state government.Pitan noted that plans were underway to raise about N1 trillion from both local and foreign development partners, stressing that the strong balance sheet would help boost its loan reach in the state.

He said: “Edo State is one of the states where we have existing relationship on SMEs development. The bank has supported a number of projects in the state and still committed to granting loans to genuine entrepreneurs in Nigeria.

“To enable the bank to extend its loan reach to the teeming customers across the nation, plans are underway to raise between N500 billion to N1 trillion from both local and foreign development partners.”

Speaking earlier, Governor Obaseki acknowledged the various impacts of the bank on business activities in the state but challenged it to extend loans to large business operators.

He said if large businesses had access to finance, it would positively impact the production activities of small business owners.The governor said his government had identified key investment opportunity areas that would require strong financial back up from the bank.According to him, the key areas include agro-processing, mining, real estate, industrial clusters, water and electricity.

He noted that BoI has a unique role to play in the realisation of the state’s vision of becoming the industrial hub of the South-South through the development of industrial clusters and free trade zones.

Meanwhile, as part of the activities for the one-day working visit to the state, the BoI boss visited some of the bank’s supported projects in the state.Some of the companies visited include, Happinex Foam Industry Nigeria Limited, Benco Aluminium Steel Products Limited, makers of aluminium roofing sheets and stone coated metro tiles, and Lit Foods Nigeria Limited, producers of wheat coated peanuts and chin-chin.

Briefing the BoI management team led by the MD, the Executive Director Operations of Lit Foods, Ijomoni Oghenekeuwe, said the loan support the company received from the bank helped in the expansion of its production lines.

As a result of the purchase of more machinery, which in turn helped in boosting production, Oghenekeuwe said the company was able to increase its employees from 320 to 500.

Also speaking, the Managing Director, Happinex Foam, Kelvin Izuchukwu, praised the management of the bank for the loan facility, stressing that with the loan, the company had been able to increase its operations and employ more staff.

(Visited 6 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!