Bank of Industry (BoI) has won the award for Best Industry Support through Intervention Funds at the 2016 LCCI Commerce and Industry Awards organised by the Lagos Chamber of Commerce and Industry.
The annual LCCI Awards recognises and promotes deserving corporate organisations and institutions in both the public and private sectors who have exhibited the core values of best business practices, good corporate governance, sustainability, and contribution to the development of commerce and industry in different sectors of the Nigerian economy.
Among many feats attained by BoI in this regard includes project NollyFund, a creative non-oil sector scheme that has, so far, produced five films, including KunleAfolayan’s much publicized The CEO; The Three Wise Men by Opa Williams; Amina by OkeyOgunjiofor and Anyama by EmemIsong.
This is aside the bank’s current successful intervention is the N10 billion Youth Entrepreneurship Support (YES) Programme that is designed to address youth unemployment in Nigeria. The scheme has earned the bank considerable accolades both domestically and internationally. Within six weeks of the online business ideas completion, almost 40,000 entries were received, with at least 10,000 beneficiaries expected to emerge within the first year of the Programme.
Meanwhile, filmmakers have been pouring encomiums on the bank over a recent favourable review of the terms of the NollyFund loan.
