The Bank of Industry (BoI) has disbursed loans in excess of N47 billion to support Kaduna State industrialists in the Micro, Small and Medium Enterprises (MSMEs) categories.
This was revealed by the Managing Director of the bank, Mr. Olukayode Pitan, during a meeting with the Kaduna State governor.
The BOI boss said the loan facilities have so far created over 84,500 direct and indirect jobs across the state.
Pitan added that the funds spanned across various sectors of the state’s economy such as agro-business, petrochemical and gas, metal fabrication, infrastructure and solid minerals.
The Kaduna State Governor, Nasir el-Rufai, attributed the slow pace of KADSTEP to the attitude of the people who often see government money as a political largesse.
In order to address that, he assured the bank delegation that efforts were in the offing to conduct an enlightenment programme in the state to educate the people to imbibe the culture of loan repayment.
