In a bid to improve the country’s economy, the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) in collaboration with the Bank of Industry (BOI) has signed N75 billion intervention funds to help create an enabling environment for business owners to thrive in.
NACCIMA president, Dele Kelvin Oye, and the managing director and chief executive officer of BOI, Dr. Olasupo Olusi, at BOI’s office, both signed the MoU on Thursday.
Oye noted that the aim of the partnership with BOI is to improve the nation’s economy and also position local businesses to thrive in the global market.
He also commended BOI for the role they played in improving the nation’s economy by providing financial and advisory support to business owners across all sectors and also said that a prosperous business community is the foundation of any successful country.
He said, “It is indeed a great honour to stand before you today as the President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) at this significant occasion of our Memorandum of Understanding signing with the Bank of Industry (BOI). Today, we do not simply convene; we gather to forge bonds, to kindle a partnership, and to reaffirm our collective commitment to the growth and sustenance of our nation’s economy.
“As the apex chamber of commerce in Nigeria and the largest business organisation in West Africa, NACCIMA has always stood on the frontline of advocating for policies and practices that elevate the business environment and invigorate the entrepreneurial spirit across our land. Our broadest objective is clear to champion the cause of commerce and industry so that Nigerian businesses can thrive in a competitive global landscape. We are driven by the belief that a prosperous business community is the bedrock of a prosperous nation.
“Today, as we sign this MOU, we acknowledge the critical role that the Bank of Industry has played as a beacon of hope, an engine of growth, and a catalyst for transformation in Nigeria’s industrial landscape. The BOI’s commitment to providing financial and advisory support to our industries resonates deeply with our vision at NACCIMA. By extending long-term financing and expert advisory services, the BOI has empowered large, medium, and small enterprises alike, galvanizing growth across a diverse array of sectors—from agro and food processing to creative industries, healthcare, and renewable energy.”