According to the bank, it has raised about
$4bn in the last four years from over 100 international banks/investors in over
20 countries.
The Managing Director, BOI, Olukayode
Pitan, said the raised funds were used to improve the bank’s capacity to
support the nation’s real sector.
In a statement, he was quoted as disclosing
this while speaking at the inauguration of the bank’s second tower in Abuja.
Pitan also stated that the role the President, Major General Muhammadu Buhari
(retd.), played in concluding the funding transactions cannot be overstated.
According to him, some of the transactions
include a $750m syndicated medium-term loan in 2018, which has been fully paid;
a €1bn syndicated loan in March 2020; a $1bn syndicated loan in December 2020;
and a €750m senior Eurobond in February 2022.
He added that the bank’s innovative and
technology-driven platform had been instrumental to the success of various
Federal Government social intervention programmes.
He said the BoI grew its assets from N683bn
in 2016 to N1.7tn in 2021.
The Chairman, Board of Directors, BOI,
Aliyu Dikko, while delivering his opening remarks, said the bank had supported
over 3.2 million Micro, Small, Medium-scale Enterprises, and created over 7.1
million direct and indirect jobs in the process
He said, “For decades, the Bank of Industry
has delivered appreciable results on its mandate towards transforming Nigeria’s
industrial sector by providing affordable and long-term financing across key
segments and sectors of the economy.
“In the last five years alone, working alongside
our strategic partners, the bank has supported over 3.2 million Micro, Small,
and Medium-scale enterprises and created over 7.1 million direct and indirect
jobs in the process.
“The bank’s total assets have grown from
N683bn in 2016 to N1.7tn in 2021.”
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