*Lagos, Nigeria – December 19, 2024* – The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has officially signed a Memorandum of Understanding (MOU) with the Bank of Industry (BOI) today, marking a pivotal moment in their collaborative efforts to enhance the industrial landscape of Nigeria. This partnership aims to provide more robust support to the nation’s entrepreneurs and businesses, underscoring the commitment of both organizations to driving economic growth and sustainable development.
At the signing ceremony held in Lagos, NACCIMA President Hon. Dele Kelvin Oye highlighted the instrumental role that the BOI plays as a financial pillar for Nigerian industries. He emphasized that the MOU represents not just a formal agreement, but a renewed dedication to forge an enduring partnership that will facilitate the growth of businesses across the country.
“As the apex chamber of commerce and the largest business organization in West Africa, NACCIMA is positioned uniquely to advocate for the interests of our diverse business community,” said Hon. Oye. “Together with the BOI, we are committed to enhancing the Bank’s capacity to provide vital financial and advisory support, thereby empowering a new generation of entrepreneurs and innovators who will navigate and drive our economy forward.”
The BOI has a long-standing legacy of supporting various sectors including agro and food processing, creative industries, healthcare, and renewable energy. NACCIMA’s collaboration with the BOI is aimed at increasing funding and resources to ensure that these sectors, and many others, can realize their full potential in not only contributing to Nigeria’s GDP but also improving the lives of millions across the nation.
Dr. Olasupo Olusi, Managing Director and CEO of the Bank of Industry, who led the BOI delegation at the event, expressed optimism about the partnership. “Today’s MOU is a reinforcement of our commitment to create a more vibrant and accessible financing environment for Nigerian businesses. With the support of NACCIMA, we believe we can expand our reach and magnify our impact,” Dr. Olusi stated.
NACCIMA and the BOI recognize that the path to a robust industrial sector is paved with collaboration, increased funding, and a supportive ecosystem. Together, they aim to empower entrepreneurs, foster innovation, and stimulate job creation, thereby enabling Nigeria to take its rightful place as a key player in the global economy.
As both organizations move forward with this strategic partnership, they invite stakeholders from across the business community and governmental sectors to join them in championing the cause of economic development in Nigeria.
**For media inquiries, please contact:**
Sola Obadimu
Director General
Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture
