• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

BoI, LBS drum support for entrepreneurship development

Entrepreneurship

The Matters Press by The Matters Press
October 31, 2022
Reading Time: 3 mins read
0
BOI wins award for $1bn syndicated term loan facility

The Bank of Industry (BoI) and the Lagos Business School (LBS) have reiterated the commitment of both institutions to developing the capacities of Micro, Small and Medium Enterprises (MSME) in the country.

RELATED POSTS

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

Prof. Chris Ogbechie, Dean, Lagos Business School, made the pledge at the LBS-BOI Entrepreneurship Development Programme Graduation Ceremony- Cohort 1, on Monday in Lagos.

The event had as its theme: “Transforming Nigeria through Impact Driven Entrepreneurship”.

Ogbechie said an integral part of the mission at LBS was to make significant impact on the practice of management, which was core to the success of every organisation, big or small.

He noted that the school’s strategic goals placed emphasis on increasing entrepreneurial outcomes, based on the knowledge that today’s society needed more job creators than job seekers.

He disclosed that the entrepreneurship programme would train entrepreneurs from all six geopolitical zones of the country.

“We will thereby contribute to helping the flood ravaged entrepreneurs in Kogi State, rebuild their community by generating the solutions they need to recover, while creating employment opportunities.

“I commend the graduates and do hope they would go forth to promote our values of ethics, mutual respect and professionalism as they carry out the business,” he said.

Mr Olukayode Pitan, Managing Director, BoI, noting that entrepreneurs in Sub-saharan Africa faced various challenges, said the overarching objective of setting up the Entrepreneurship Innovation Centre (EIC) was to address them.

He noted that with the increasing population of young and dynamic entrepreneurs, it was imperative that the required financial and business advisory support services were provided in a sustainable manner to enable them thrive.

He said that the EIC would build the capacity of the entrepreneurs and foster the creation of an ecosystem that nurtures entrepreneurship, by enabling knowledge sharing opportunities.

“At the BoI, we believe that there can be no inclusive growth and sustainable development in Nigeria if we do not deliberately and proactively ensure that existing challenges that hold back a majority of our entrepreneurs from reaching their full potential are addressed.

“Therefore, we are always excited in developing strategic partnerships with like-minded institutions, such as Lagos Business School.

“As Nigeria’s foremost Development Finance Institution, we pride ourselves in providing loans with affordable/sub-market interest rates, medium to long-tenured loans, and moratorium opportunities.

“To the graduants, it is time to put the acquired entrepreneurial skills to the test and apply what you have learnt to practical and positive use in your various business ventures and communities contribute your quota to the economic prosperity of our dear nation,” he said.

Dr Henrietta Onwuegbuzie, Director, EIC, stated that business schools had a pivotal role in facilitating and accelerating the goals of the Africa Continental Free Trade Area(AfCFTA).

This realisation, she said, made it imperative for business schools to have centres like EIC to provide opportunities to foster learning forums among African entrepreneurs and business executives.

She noted that to achieve the objectives of the AfCFTA, it had consequently become imperative to organise intra African business meetings, especially among participants of business schools across the continent.

This, she said would enable African entrepreneurs become more familiar with one another, thus facilitating the formation of joint ventures to exploit the opportunities in different countries.

She revealed that the BOI-LBS programme would be organising intra-African business meetings across the continent to expose them to networks and opportunities beyond the Nigerian market.

“In our first cohort, we admitted 70 entrepreneurs from the southwest zone with the intention of moving gradually to all six geopolitical zones.

“Over the past three months, we have engaged them with practical insights on running and scaling their businesses in an ethical and sustainable manner.

“The feedback we have gotten so far has reinforced our belief that training is indeed the most important ingredient for successful entrepreneurship.

“We are also inspired and are encouraged to work towards training, equipping and empowering entrepreneurs that would transform Nigeria, Africa and ultimately, the world at large” she said.

A Graduant, Mr Valentine Eze, said the training provided this business the scalability, opportunity and capacity it needed to provide tremendous impact to its customers and the country at large.

Another Graduant, Mr Timothy Adeyemi, said his confidence in dealing with investors and consumers increased after the training.

“I am a player in the renewable energy sector and this training has expanded my vision for manufacturing energy to be used in this country.

“Business development skills, financial management, supply chain management, profitability, understanding of good corporate governance principles this ecosystem provided cannot be quantified,” he said.

Tags: Entrepreneurship
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 2025
Next Post
Vulnerable Nigerian farmers to get $1m grant

Group set to award excellence in Nigeria’s Agric sector

$2.7b Ibom Deep Seaport ready soon

Lekki Deep Seaport: Lagos reaffirms timely completion of road networkSea

Recommended Stories

Trading in Nigerian stock market dips further N83bn

Chinese stocks close higher on Tuesday

September 13, 2022
Tinubu meets with business moguls, establishes economic recovery committee

Tinubu meets with business moguls, establishes economic recovery committee

February 26, 2024
Massive crowd welcomes Buhari to Kaduna

MKO Abiola re-echoes as praises pour for Buhari

January 21, 2019

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us