By Abdullahi Idris, Dutse Jigawa State Government has signed a N6 billion Memorandum of Understanding (MoU) with the Bank of Industry (BOI...
By Abdullahi Idris, Dutse
Jigawa State Government has signed a N6 billion Memorandum of Understanding (MoU) with the Bank of Industry (BOI) aimed at boosting the economic status of its citizens.
The MoU, formally signed at the Government House in Dutse on Tuesday, marks a significant step towards enhancing economic growth and entrepreneurship in the state.
Leading the BOI delegation, Executive Director Corporate Services, Mr. Usen Effiong, represented the bank’s Managing Director at the event. He highlighted the partnership’s goal of providing soft loans to medium and small-scale businesses, underscoring the state government’s commitment to economic development.
Mr. Effiong described the occasion as a landmark achievement, praising Governor Namadi and the Jigawa State Government for their proactive approach in facilitating the partnership. He announced the creation of a N4 billion matching fund and a N2 billion managed fund under the MoU.
He emphasized that this collaboration positions Jigawa State as a strategic partner of BOI, aiming to enhance business activities, support value chains, and reduce dependency on neighboring states for finished goods.
Governor Namadi expressed satisfaction with the milestone, emphasizing the state’s dedication to supporting MSMEs.
“This partnership is pivotal in our quest for poverty eradication, job creation, and development. Supporting MSMEs is crucial for employment and livelihoods,” Governor Namadi affirmed.
The event also marked the formal commissioning of BOI’s branch office in Jigawa State, highlighting the commitment of both parties to promoting economic growth and prosperity.
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