In its bid to boost developmental financing, the Bank of Industry Limited (BOI) says it has invested over N55.65 billion in various businesses from expansive corporations to small- micro businesses in Rivers state.
Olukayode Pitan, Managing Director and Chief Executive Officer (MD/CEO) of BOI disclosed this in a statement.
According to him, 55.31 percent of the Bank’s total investments in the South-south region are concentrated in Rivers State.
“As of today, BOI has invested over N55.65 billion across diverse projects in Rivers State. Our investments encompass large, medium, small, and micro enterprises, reflecting our commitment to fostering growth at every level. Importantly, 55.31 per cent of our total investments in the South-south region are concentrated right here in Rivers State,” he said.
“While BOI has invested substantially within Rivers State, we acknowledge that past attempts to forge a developmental partnership relationship with the State Government have not borne the desired fruits. However, this juncture marks a turning point, a renewed chance to collaborate in a manner that can significantly transform the socio-economic landscape of the state,” he added.
