Saturday, December 24, 2011

BOI Disburses Dangote's N10 Billion


Daily Trust
19 December 2011


The first tranche of the Bank of Industry (BOI) and Dangote Foundation's N10 billion joint business and development fund for Micro, Small and Medium Enterprises (MSMEs) was disbursed to some beneficiaries at the weekend.

A total of 12 MSMEs were presented cheques for investment in their businesses at a ceremony in Lagos to mark the 10th anniversary of the BOI.

The beneficiaries are: Small and medium Scale Cooperative Society; Mustard Seed Cooperative Society; Izonebi Cassava Flour Processing Cooperative Society; FKO Global Resources Nigeria; and Steady Moon Ventures.

Others are Yattore Farmers MPCS; Gwallameji MPCS; Uzomex Resources; Real Vegetable Oil MPCS Ltd; Afriks Vegetable Oil MPCS Ltd; Stallion MPCS; and Simstel Farms Ltd.

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