Plateau, BOI sign N4 billion MOU to strengthen MSMEs

The Bank of Industry and the Plateau government have signed a memorandum of understanding establishing a N4 billion matching fund to boost micro, small and medium enterprises. The MoU was signed on Tuesday evening at the Government House, Jos.
The money, to be co-funded equally by both parties, is intended to finance equipment and working capital to accelerate job creation, strengthen the local value chain, and deepen inclusive economic growth in the state.
Governor Caleb Mutfwang, who expressed joy over the development, noted that, beyond boosting the state’s economy, the partnership would help Plateau contribute its quota to the national GDP and align with President Bola Tinubu’s $1 trillion economic vision for Nigeria.
Mr Mutfwang, who also assured the BOI team that the project would be judiciously executed, disclosed that the beneficiaries would be largely women and youths.
“I want to assure you that the agency in charge will ensure that this covers the entire state and nobody is excluded. This is going to be a seed capital that will give back to multiples of billions of Naira in the near future,” the governor said.
The BOI boss, Olasupo Olusi, who commended Plateau’s ratings in the Ease of Doing Business index, said the bank was pleased to continue growing its presence through such collaborations.
Mr Olusi said the fund would ensure training and capacity-building programmes for beneficiaries in collaboration with accredited Entrepreneurship Development Centres.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Health
Plateau sets 2027 agenda for improved healthcare delivery
The Plateau government says it will prioritise primary healthcare, health workforce development and improved access to quality healthcare in 2027.

Economy
Abia, investors partner on $145 million solar manufacturing plant
The Abia government and a consortium of local and foreign investors have intensified efforts to establish a $145 million solar manufacturing plant.

Economy
Scrap metal collection becomes source of livelihood for youths in Kazaure
Youths in the Kazaure council area of Jigawa have identified scrap metal collection as a reliable source of livelihood amid prevailing economic challenges.

Politics
Court strikes out Amaechi’s suit against Atiku over ADC presidential ticket
The Federal High Court, Abuja Division, on Friday struck out a pre-election dispute suit filed by ex-Governor Rotimi Amaechi against former Vice-President Atiku Abubakar.

Showbiz
Full list of FreeTV channels Nigerians can watch without paying subscription fee
The lineup includes local, international, and specialised stations.

Sport
FIFA to present first-ever championship rings to World Cup winners
The global football governing body announced that the ring presentation to winners would be held alongside the trophy presentation in a statement on Thursday.





