The Bank of Industry (BOI) says it is committed to ensuring that more industries are created while the existing ones are supported to prevent them from going into extinction.
BOI Managing Director, Mr Olukayode Pitan, said this on Tuesday in Ibadan when he paid a courtesy call on Gov. Abiola Ajimobi in his office.
“In Oyo State, the bank is supporting micro, small and big industries. We have approved more than N20 billion out of which N18 billion has been disbursed,’’ he said.
Pitan, however, urged the state government to provide the bank with its template of focus, saying this would allow it to key into its agenda and offer required assistance.
The BOI boss acknowledged the giant strides of the Ajimobi-led administration in the state, saying that the governor did well.
In his response, Ajimobi sought the assistance of the bank in the area of industrialisation premised on technology, education and agriculture.
Ajimobi said his administration had begun the training of residents to become entrepreneurs and employers of labour.
The governor pledged the administration’s commitment to the industrial development of the state, saying this necessitated the establishment of Technical University, Ibadan.
“We established the Technical University, Ibadan, to fill the shortage in entrepreneur and middle-level manpower and we believe that your bank will be very useful to us in this area,’’ he said.
The MD was accompanied by Mr AbdulGaniyu Mohammed, General Manager (SME-South), Mr Kagara Ahmed, Regional Manager (South West) and Mr Pacqueens Irabor, Manager, Oyo State.
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