By Ismaila Chafe
President Muhammadu Buhari has lauded the Bank of Industry (BOI) for creating more than nine million jobs in the last seven years.
He also commended BOI for disbursing over N1.24 trillion to 4.2 million beneficiaries in Micro, Small, Medium and Large enterprises.
The president made the commendation when he virtually inaugurated the Second Tower of BOI building, in Abuja on Thursday.
Buhari said that the bank had continued to successfully execute its mandate as a policy institution of the Federal Government, extending single digit interest rate loans to manufacturers.
He, therefore, commended the management of the Ministry of Industry, Trade and Investment and BOI for their contributions to the economic development of the country and wellbeing of Nigerians.
He said: In order to further enhance its capacity to impact the industrial sector on a transformational scale, I approved the issuance of a sovereign guarantee to help the Bank raise funds in the Eurobond market.
I am glad to note that the Bank has recently completed the transaction by raising 750 million Euros from international investors.
The proceeds of this Eurobond will be disbursed to Large, Medium