The Bank of Industry (BOI)

Bank of Industry, Nigeria

The Bank of Industry (BOI) is a Nigerian industrial bank created in the year 2001.^[1]

Overview

The bank was established with an authorized share capital of $400Million. Shareholders at creation are made of Ministry of Finance (59.4%), Central Bank of Nigeria (40.36%) and private sector take the balance. It was extracted from National Industrial Development Bank, The Nigerian Bank for Commerce and Industry and National Economic Reconstruction fund.^[1]

Priorities

The BOI among other sectors in Nigerian focuses:

Agro-Industry,Texttiles and Leather
Polymer-based industry
Solid Minerals
Local Content initiative in telecoms,oil and gas
ICT services

References

1 2 Voker, Treichel (17 June 2010). Putting Nigeria to Work: A Strategy for Employment and Growth. World Bank Publication. p. 137. Retrieved 21 October 2016.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.