Sunday Williams
23 December 2011
President Goodluck Jonathan yesterday said that he has directed the Minister of Finance and the Central Bank of Nigeria (CBN) governor to work with the Minister of Trade and Investment to make sure that the Bank of Industry (BOI) is fully capitalized.
He said this at the commissioning of BOI headquarters building in Abuja.
He said: “I see this opportunity to turn the BOI to domestic and foreign development partners in the private and public sectors who have supported the institution to accomplish this successes especially entrepreneurship and private sector development.
“In this regard, we shall accelerate the recapitalization of BOI and open up its equity to developmental focus.”
The President said that the Federal Government will continue to give the BOI all the support it needs to play a pivotal role in the industrialization of the country.
“We shall ensure that the bank’s corporate governance practice, operational policies and procedures are in line with international best practice to enable it attain the top rating needed to mobilize the much needed financial and technical resources that we need to fast track the transformation of our industrial sector,” the President said.
He explained that in view of his administration’s emphasis on agriculture, Nigeria needs a robust BOI to support entrepreneurs in ensuring that agriculture value chains were embarked on.
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