BoI, Ebony Govt. to sign MoU to empower SMEs


The Bank of Industry (BoI) and    Ebonyi State Government have signed a Memorandum of Understanding (MoU) of N2 billion matching fund to empower  Small and Medium Enterprises (SMEs) in the state.

The Managing Director of BOI, Mr Olukayode Pitan said this at a meeting between the bank and Gov. David Umahi of Ebonyi on Friday in Abuja.

Pitan said that the bank would work with the state to ensure that it provided training for the SMEs.

He said that the training would also be for some civil servants who were about to retire on how to form a company or private enterprise.

“Like in Ebony, where the emphasis is on solid minierals, we have a team that does that; we also plan to provide training for the miners.

“We are going to have joint assessment of the project to be financed because not every project can be financed automatically.

“This project is a starting point;…

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