The Bank of Industry Limited (BOI) is Nigeria’s oldest, largest and most successful development financing institution. It was reconstructed in 2001 out of the Nigerian Industrial Development Bank (NIDB) Limited, which was incorporated in 1964. The bank took off in 1964 with an authorized share capital of 2 million (GBP).
The International Finance Corporation which produced its pioneer Chief Executive held 75% of its equity along with a number of domestic and foreign private investors. Although the bank’s authorized share capital was initially set at N50 billion in the wake of NIDB’s reconstruction into Bank of Industry in 2001, it has been increased to 250 billion in order to put the bank in a better position to address the nation’s rising economic profile in line with its mandate.
Following a successful institutional operational and financial restructuring programme, the Bank of Industry now call for NATIONWIDE REGISTRATION OF MARKET ASSOCIATIONS, WOMEN COOPERATIVES, ARTISAN GROUPS, TRADE ASSOCIATIONS, AND TRADE COOPERATIVES.
To empower young person both men and women in Agric and trade, the application link is open till 11/01/2017.