UPDATE: JIGAWA GOVT SIGNS N6 BILLION MoU WITH BANK OF INDUSTRY
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In order to promote economic growth and development, the Jigawa State Government and the Bank of Industry (BOI) have signed a ₦6 billion Memorandum of Understanding (MOU).
Governor Umar Namadi announced during the Tuesday MOU signing event at the Dutse Government House that the collaboration will give the state’s medium- and small-sized enterprises access to soft loans.
In front of dignitaries and important stakeholders, Namadi emphasized the partnership’s significance in his administration’s attempts to reduce poverty, generate employment, and promote economic progress.
Governor Namadi remarked, “The occasion is a milestone in our journey towards poverty eradication, job creation, and development. Empowering people through their own business of choice is a strategy we have adopted for accelerating growth and development in Jigawa State, and the Bank of Industry is a key partner in achieving this goal.”
He further emphasised the collaborative effort, stating, “With this MOU, we are now committed to joining hands with the BOI to facilitate access to soft loans for our small, medium, and even large-scale businesses in the state. We are very happy today to have a BOI branch in our state, and all relevant state government agencies are fully engaged to enlighten Jigawa citizens and support them in accessing the opportunities provided by the bank.”
The Executive Director of Small and Medium Enterprise (SMEs) at the Bank of Industry, Alhaji Shekarau Umar, described the MoU as a historic achievement for the bank.
“This is the biggest MOU signed with any state government in the history of the Bank of Industry,” Umar stated.
Reflecting on the journey to this milestone, Umar said, “In the last 13 years, we have been advocating for the establishment of the bank in Jigawa State, but there was no positive response. However, within six months of engagement with Governor Umar Namadi, our dream has become a reality.”
Commending the governor’s commitment, Umar added, “Governor Namadi is a man of his word and has shown indefatigable commitment to empowering the people of Jigawa for poverty eradication, job creation, growth, and sustainable development. As we sign this MOU and commission our Dutse branch today, we assure the Jigawa State Government of our commitment to work at any level to achieve the desired goals.”
The establishment of the BOI branch in Dutse is expected to provide significant support to local businesses, driving economic progress and improving the livelihoods of Jigawa State residents
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