THE Bank of Industry, BoI, Small and Medium Enterprises, SMEs, commercial banks and other financial institutions are discussing better ways of  financing businesses and organisations. The discussion to place at the Funding Space 2017 business gathering in Lagos on Wednesday, September 27.

Erelu Bisi Fayemi, chairman, Funding Space 2017 and co-founder, African Women’s Development Fund, described the gathering as a platform for innovators, investors, donors and other financial organisations to engage one another to not only provide solutions to the problems of funding but to also decipher initiatives towards propelling small scale ventures in the country.

Olukayode Pitan, managing director, BoI, who encouraged upcoming business outfits to get adequate funding from the bank, said: “Provided you have your genuine proposals, necessary equities and required documents, you can always apply for loans from the BoI.”

Stating that BoI is not a charity organisation for all and sundry to just have the “share of the national cake,” Pitan stressed that for BoI to help businesses grow, the organisation must be alive by taking deposits and regulating helps given to different enterprises.

Also, Leymah Gbowee, Liberian peace activist and a Nobel laureate, in her address, urged the youths to break out of their shells and start formidable business enterprises to compete among their counterparts in other countries of the world. Gbowee, who canvassed a change in the orientation of women in Africa towards owning and controlling business outfits in the country, challenged the women and youths of Nigeria to show formidable vigour in affecting the continent positively.

– Sept. 29, 2017 @ 10:13  GMT /