By Patrick Andrew
Abuja
Public Policy Monitoring Group (PPMG) has lauded the Bank of Industry (BoI) for stepping up efforts to address employment and entrepreneurial gaps in the country and assisting the federal government’s quest to overcome the current economic recession.
It stated that BoI was playing crucial roles in pulling Nigeria out of the current recession by supporting entrepreneurs, small businesses, training young people and providing credit facilities for them to boost their businesses, create wealth and jobs.
The group’s public policy report released yesterday and signed by its Acting Head of Information and Public Relations, Muhammed Ibrahim, said BOI has not only assisted small scale entrepreneurs with soft loans but has actively boosted the federal government’s empowerment programmes.
The group said it came up with this observation after a close monitoring and extensive analysis of the activities of BoI by its team of experts on public policy especially doing this recession period.
“In this era of economic recession, BoI has assisted with funds for massive investment in small scale businesses, actively participates in empowerment programmes, making funding facilities available for business men and women to expand their businesses and for innovative citizens with beautiful and realistic business ideas and plans to take off are key to getting Nigeria out of the wood.
“We, therefore, implore BoI to sustain its efforts, create wider awareness of its activities and available opportunities it offers to the people in the rural communities,” the report recommended.
The report further lauded the Acting Director-General of the organisation, Waheed Olagunju, stating that with his leadership styles BoI had taken a leading position in laying solid foundation for the nation’s industrialisation quest.
