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Kogi rise as Gov Ododo launches BOI office to boost MSMEs

By: Goodluck E. Adubazi, Abuja.

Kogi State Governor Usman Ododo’s commitment to promoting economic growth and development in Kogi State no doubt continues to resonate in the minds of its citizens.

Governor Ododo, who recently paid and liquidated state debt to the tune of N98 billion within 15 months of assumption, has again demonstrated his huge investment promised to Kogi citizens by attracting the Bank of Industry to the state.

At the official commissioning of the Bank of Industry (BOI), in Lokoja, the Kogi state capital, marking a significant milestone in the state’s economic development.

Governor Ododo stated: “The office will provide financial support to Micro, Small, and Medium Enterprises (MSMEs) in the state, promoting entrepreneurship, job creation, and sustainable development.

The Kogi State Governor, highlighted the expanded access of the BOI to Financial Services, noting that the BOI office will increase access to financial services for youth and women in Kogi State.

On the economic growth and impact of the BOI to the state and Nigeria at large.

Governor Ododo described BOI’s presence as a strategic investment and a symbol of Kogi’s growing potential as an economic powerhouse in Nigeria”, Gov. Ododo states.

The Governor noted that BOI’s intervention will have a far-reaching impact, transforming the lives, businesses, and aspirations of local entrepreneurs.

“It is with pride, deep gratitude, and a sense of fulfillment that I welcome the Bank of Industry to Lokoja, Kogi State. Your presence here is not just an investment but a statement that Kogi is ready, open, and on the rise.” Gov. Ododo remarks.

Governor Ododo could not contain his joy as he cextended his gratitude to President Bola Ahmed Tinubu for broadening the reach of BOI to uncovered areas such as Kogi State, which he said demonstrate the administration’s commitment to inclusive economic growth and development.

Also speaking, The Managing Director and Chief Executive Officer of the Bank of Industry, Dr. Olasupo Olusi, has reiterated the bank of Industry’s commitment to supporting economic growth in Kogi state.

Accordingly, Dr. Olasupo noted that, Kogi State is a very important opportunity for us and we must lay the appropriate foundation to ensure that we make the right impact in line with the vision of President Bola Ahmed Tinubu’s Renewed Hope Agenda”, Dr. Olasupo remarks.

Further, he stated that the new BOI office in Kogi state would provide critical financial support to MSMEs, large-scale manufacturers, cooperatives, and businesses led by women and youth.

“The Bank of Industry’s presence in Kogi will empower MSMEs and enterprises across all sectors, helping them scale, create jobs, and contribute meaningfully to the state’s inclusive economic development,” He assured.

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