BOI to Allocate 70% of EIB Facility to Boost Nigeria's Cocoa and Dairy Sectors
The Bank of Industry (BOI) announced its plan to channel 70% of an €85 million European Investment Bank (EIB) facility towards developing Nigeria's cocoa and dairy sectors. This initiative aims to significantly enhance these agricultural industries within the country.
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BOI to channel 70% of €85m EIB facility to drive Nigeria’s cocoa, dairy sectors
Mr Tinubu stressed that Nigeria was committed to processing more of its cocoa locally, expanding chocolate manufacturing, building indigenous brands, and competing more effectively in international markets, rather than continuing to export raw cocoa beans. The post BOI to channel 70% of €85m EIB facility to drive Nigeria’s cocoa, dairy sectors appeared first on Premium Times Nigeria.
By Omotoyosi Idowu
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By Etop Ekanem Nigeria’s foremost development finance institution, Bank of Industry (BoI) has secured a 60 million euro credit facility from the European Investment Bank to fund Nigeria’s cocoa and dairy value addition drive, with a focus on processing, ingredients and chocolate manufacturing. Managing Director/CEO of BoI, Dr. Olasupo Olusi, disclosed this during the Africa Cocoa […] The post BoI to channel 70% of EIB facility to drive cocoa, dairy sectors appeared first on Vanguard News.
By Urowayino Jeremiah
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