In its bid to boost financial inclusion as well as access to funding and business support for MSME entrepreneurs in the country, the Bank of Industry has signed a Memorandum of Understanding MoU to partner with Ecobank Transnational Inc.
Speaking at the signing off, the Group Executive, Consumer Banking, Ecobank Group, Patrick Akinwutan said the choice of BOI for this partnership was reached because BOI has a track record of driving access to finance for MSMEs in Nigeria. He added that both partners had already leveraged on technology to drive access to their services and this partnership would further deepen penetration of financial services.
Ag. MD/CEO, Bank of Industry, Mr. Waheed Olagunju, added that financial inclusion was crucial to the economic development of the country and that BOI would take advantage of this partnership to provide financial support and capacity building for Nigerian SMEs to serve both local and foreign markets.
