BoI to channel 70% of EIB facility to drive cocoa, dairy sectors

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Nigeria's Bank of Industry secures a €60 million credit facility from the European Investment Bank to enhance the cocoa and dairy sectors. The funds will focus on value addition including processing and chocolate manufacturing.

By Etop Ekanem Nigeria’s foremost development finance institution, Bank of Industry (BoI) has secured a 60 million euro credit facility from the European Investment Bank to fund Nigeria’s cocoa and dairy value addition drive, with a focus on processing, ingredients and chocolate manufacturing. Managing Director/CEO of BoI, Dr. Olasupo Olusi, disclosed this during the Africa Cocoa […] The post BoI to channel 70% of EIB facility to drive cocoa, dairy sectors appeared first on Vanguard News.