Connect with us
nairametrics

Business News

Female entrepreneurs get N26 billion BOI loans 

The Bank of Industry (BOI) has disclosed that it disbursed N26 billion loans to female entrepreneurs in 18 months.

Published

on

Female entrepreneurs get N26 billion BOI loans , BOI donates N700 million to aid fight against coronavirus, BOI denies running a loan empowerment scheme

The Bank of Industry (BOI) has disclosed that it disbursed N26 billion loans to female entrepreneurs in 18 months. This was reportedly done to address gender inequality in entrepreneurship.

This disclosure was made by the Managing Director of BoI, Mr Olukayode Pitan while giving a presentation during a programme organised in Lagos by the Chartered Institute of Bankers of Nigeria.

female entrepreneurs, Palladium, Here are skills you need to be a successful entrepreneur,

female entrepreneur

During the event themed, ‘Entrepreneurship for inclusive growth: opportunities and sustainability strategies’, Pitan gave reasons the bank was focused on balancing and providing room for both genders to grow.

He said this is because the Nigerian female entrepreneurs are more exposed to and adversely affected by the inherent challenges in the Nigerian business environment, making it more difficult for her to succeed compared to her male peer.

GTBank 728 x 90

[READ MORE: N19.9 billion disbursed to petty traders under GEEP, says BOI)

“For example, in 2015, BoI established a gender business desk to cater specifically for female entrepreneurs. In the last 18 months alone, the bank has disbursed loans in excess of N26bn to over 400 women-led enterprises with the potential to grow and create jobs that will contribute to economic development”, he said in a report by Punch.

Strategic partnerships: BOI also disclosed it had promoted female-gender equality through strategic partnerships. It said it constantly sought out and partnered advocates of women entrepreneurship and organisations that pushed related policy development in Nigeria.

GTBank 728 x 90

Giving a breakdown of some of the initiatives, Pitan said the bank had facilitated the disbursement of N37.1 billion through the Government Enterprise & Empowerment Programme, creating 2.31 million jobs for market women, traders, artisans and farmers.

BOI also had a scheme called Bottom of the Pyramid Scheme which was an on-lending scheme with microfinance banks as strategic partners. Through the partnerships with 54 financial institutions, Pitan said that N7.7 billion had been disbursed to 7,598 micro-entrepreneurs and an estimated 37,990 jobs have been created.

Chidinma holds a degree in Mass communication from Caleb University Lagos and a Masters in view in Public Relations. She strongly believes in self development which has made her volunteer with an NGO on girl child development. She loves writing, reading and travelling. You may contact her via - [email protected]

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Business News

BREAKING: Channels TV, LTV allegedly attacked, shut down

Channels Television and Lagos State Television (LTV) have been reportedly shut down.

Published

on

Channels Television and Lagos State Television (LTV) have been reportedly shut down by unknown persons.

According to a staff of Channels TV, who prefered to remain unnamed, the Management moved them to a safe location within the premises, when hoodlums kept banging the gate in a frantic attempt to gain access to the premises.

As of the time of this report, the attempt has been unsuccessful.

In the case of LTV, operations were shut down after hoodlums attacked the station on Wednesday.

Members of staff of LTV said they have been asked to vacate the premises of the station, located at Alausa Lagos.

GTBank 728 x 90

At present, the station has gone off the air.

An Editor in the station, who pleaded to be kept anonymous, disclosed that the station was attacked by hoodlums around 9 am today.

Details later …

GTBank 728 x 90

Continue Reading

ENDSARS

#EndSARS: Access Bank debunks aiding military onslaught against Lekki protesters

Access Bank has dismissed rumours on social media suggesting it aided military onslaught against protesters.

Published

on

Access Bank , #EndSARS: Access Bank Debunks aiding military onslaught against Lekki protesters

Access Bank Nigeria Plc has vehemently debunked rumour making the rounds that it aided the military onslaught against peaceful #EndSARS protesters at Lekki, by allowing military snippers access its head office tower for operations. 

Backstory: Recall that Nairametrics had earlier reported on how soldiers allegedly fired gunshots to disperse #EndSARS protesters in Lekki yesterday.

In view of this development, there have been public outcries and ensuing allegations, one of which is that Access Bank Nigeria Plc aided the military onslaught.

What they are saying

In response to the allegations, the bank first reacted to the development by expressing condolence. A verified tweet by the bank read thus: “We are deeply saddened to hear about the unfortunate loss of innocent lives yesterday at the Lekki Toll. We pray that the souls of the innocent rest in peace”.

(READ MORE: Soldiers fire gunshots to disperse #EndSARS protesters.)

GTBank 728 x 90

In addition, the bank stated: “We wish to address the statement by Arise TV alleging that Military Snipers were allowed access to our Head Office Tower for operations at the Lekki Toll Gate area. This is absolutely untrue. The video shared on Arise TV featured an employee of the bank conducting routine maintenance at the Tower location. It is unfortunate that this was reported as a sniper without any proof. As a corporate citizen with the purpose of impacting lives positively, we will never endanger the lives of Nigerians.” 

GTBank 728 x 90
Continue Reading

ENDSARS

Just in: UK High Commission shuts down visa centres in Nigeria due to #EndSARS protests

The UK High Commission in Nigeria has announced the shutdown of its VISA application centers in Nigeria.

Published

on

Just in: UK High Commission shuts down visa centres in Nigeria due to #EndSARS protests

The United Kingdom High Commission in Nigeria on Wednesday, October 21, 2020, announced the shutdown of its VISA application centers in Nigeria for the next 48 hours, with effect from today (Wednesday), due to the ongoing #EndSARS protests in the country.

This comes barely a day after the US shut down its Lagos consulate, following the outbreak of violence from the #EndSARS protests in major parts of the country including Lagos State and the FCT.

The disclosure was contained in a statement issued by the UK High Commission in Nigeria on Wednesday, October 21, 2020.

The High Commission in a brief statement, also asked applicants with appointments for Wednesday and Thursday, to reschedule their appointments from Monday, October 26th.

Due to the ongoing protest in Nigeria and for the safety of both staff and applicants, our Nigeria centres will be closed for 48 hours at a minimum. For applicants with booked appointments within this period, please you will need to reschedule your appointment for next week, from 26th October 2020.

GTBank 728 x 90

“We will continue to post regular updates on this page, so please keep checking back for the latest information on reopening. We sincerely apologize for the inconvenience and thank you for your understanding.”

(READ MORE:#EndSARS: Nigerian Army set to commence Exercise Crocodile Smile VI)

GTBank 728 x 90

 

Continue Reading
Advertisement
Advertisement
Advertisement
ikeja electric
Advertisement
Advertisement
Patricia
Advertisement
FCMB ads
Advertisement
IZIKJON
Advertisement
Fidelity ads
Advertisement
first bank
Advertisement
bitad
Advertisement
Stallion ads
Advertisement
financial calculator
Advertisement
deals book
Advertisement
app
Advertisement