Jaiz Bank Secures N3bn BoI Facility to Boost Lending to SMEs


James Emejo in Abuja

Jaiz Bank Plc yesterday secured a N3 billion credit facility from the Bank of Industry (BoI) for onward lending to the Micro, Small and Medium Enterprises (MSMEs) in the country.

The BoI Executive Director, SMEs, Mr. Shekarau Omar, who presented the cheque to Jaiz Bank on behalf of BoI MD, expressed confidence at the ability of the non-interest bank to effectively disburse the funds to target groups.

Also speaking at the signing ceremony, Managing Director/Chief Executive, Jaiz Bank, Mr. Hassan Usman said small businesses will be able to access the funds to grow their businesses and create wealth.

He said: “Fundamental to the vision and mission of Jaiz Bank is to create wealth for MSMEs. I want to assure you that maximum benefits will to the stakeholders.
“We have already started pilot financial inclusion drive. We are also going to use agency banking to reach those people in places where we are not physically…

Source: Thisday Newspaper

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