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BoA, BoI Back Ajeromi-Ifelodun LGA’s entrepreneurship programme



. We are ready to partner with LGA- Bank of Agriculture  

. We have N1Billion to support the Creative industry,”- Bank of Industry

. As Chief of Staff, Lucky Uduikhue continues to stretch horizon of AJIF SME Trade Group beyond the shores of Ajegunle

As part of Hon. Ayoola’s administration drive towards liberating women and developing youths in the Local Government, the Head, Lagos Branch of Bank of Agriculture (BOA), Mrs. Afolabi Tokunbo, has announced partnership with Ajeromi-Ifelodun Local Government Area.

She made the announcement during a business meeting with Chief of Staff to Hon. Ayoola, Mr. Lucky Uduikhue, at the branch office of BOA in Ikeja, Lagos, recently.

“We are ready to partner with Ajeromi-Ifelodun Local Government on the area of business loans,” she said.

Mrs. Afolabi went further by expressing her compassion for women development and business growth. She said: “Most widows must be empowered through our various business loan schemes, and should be trained on how to develop their business.”

Chief of Staff to the LGA Chairman, Mr. Lucky Uduikhue said initiative as this is inclusive in the Four-Point Agenda of Hon. Fatai Adekunle Ayoola. “AJIF Executive Chairman is passionate about improving the economic lifestyle of the people in his domain,” he said.

Mr. Lucky added that information is vital in business growth, and that information gathered here shall be used for the advantage of budding entrepreneurs in the local government area as part of the SME Trade Group organised by the Hon. Ayoola’s administration.

Mr. Uduikhue was also at Bank of Industry, where he was received by the Regional Manager, Mr. Sunday Folami.

According to the bespectacled Regional  Manager, opportunities for loans are available for individuals who passed the requirement for the various loans scheme available. He lambasted some people he described as rumour peddlers who went about with the notion that loans are difficult to access with the Bank of Industry.

“We are always willing to give out loans to individuals who are qualified, but it’s unfortunate that some people have been going about sabotaging our efforts,” he said.

The Regional Manager later presented Mr. Lucky Uduikhue with documents containing information that will enable individuals to access loans from Bank of Industry.

According to information gathered, from Bank of Agriculture (BOA) Limited was incorporated as Nigerian Agricultural Bank (NAB) in 1972 and became operational in 1973.

In October 2010, the Bank was rebranded and adopted the new name, Bank of Agriculture Limited as part of its institutional transformation programme.

Parts of the key mandate of BOA includes provision of Agricultural credit to support all agricultural value chain activities, provision of non-agricultural micro credit, savings mobilization, capacity development through promotion of co-operatives, agricultural information systems, and the provision of technical support and extension services, provision of opportunities for self-employment in the rural areas, thereby reducing rural-urban migration, and inculcation of banking habits at the grassroots of the Nigerian society.