In a bid to build capacity, the Association of Nigerian Small-Scale Industrialists (NASSI) has signed a Memorandum of Understanding (MoU) with the Bank of Industry (BOI) for its members to access a N200 billion credit facility.
A statement by the National Treasurer of NASSI, Dr Abubakar Tanko Bala, stated that the MoU signed by its National President, Dr Solomon Daniel Vongfa, and the Managing Director of BOI, Dr Olasupo Olusi, was targeted at providing loans for its members to assist in upgrading their various businesses.
Bala said the scheme has been classified into three categories; with large-scale industrialists receiving N75bn, middle-scale industrialists N75bn and small-scale (nano programme) getting N50bn loan.
He expressed delight that BOI has confirmed that NASSI will be solely responsible for providing the names of beneficiaries of the loan to its members nationwide.
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He further said that benefitting members will be given further enlightenment on how to enhance their business skills and that it is part of the commitment of this administration’s agenda of easing the economic hardship presently being encountered.
He urged the members to avail themselves of the opportunity and advised successful loan beneficiaries to make proper use of the loan.
