Nigeria’s Bank of Industry and UNDP sign three-year Abuja deal
By the AFREEQUE newsroom, based on Businessday
The Bank of Industry of Nigeria and the United Nations Development Programme have signed a three-year agreement to support businesses, inclusive industrialisation and access to finance. The partnership notably targets small businesses, agro-industry, women and young people, according to Businessday.
The Bank of Industry of Nigeria (BOI) and the United Nations Development Programme (UNDP) have signed a three-year agreement to support businesses and inclusive industrialisation in Nigeria, particularly for women and young people. The memorandum of understanding was signed at the BOI headquarters in Abuja, according to Businessday.
The partnership targets micro, small and medium-sized enterprises, manufacturing and agro-food processing in particular. It aims to improve their access to finance and markets, as well as their participation in national and regional value chains. The two organisations also plan to support sectors and corridors linking producers, processors and markets, and to help businesses take advantage of the African Continental Free Trade Area.
UNDP Resident Representative in Nigeria Elsie G. Attafuah said businesses are essential to the country’s prosperity. BOI Director-General Olasupo Olusi said the THRIVE project would combine the bank’s financing capacity and networks with the UNDP’s technical expertise and partnerships. Discussions between the two institutions on pooling their expertise began in 2025.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
