The much orchestrated industrialization policy of the Governor Rochas Okorocha administration in Imo State yesterday received a major boost following the decision of the Skye Bank and the Bank of Industry, BOI.
The two financial institutions yesterday pledged their preparedness to assist potential investors with necessary incentives during a a one day Skye Business Seminar – 60 “Nurturing Businesses for Growth” held in Owerri.
Speaking at the seminar, the Executive Director of the Skye Bank, Mrs. Ibiye Ekong said that the bank has positioned itself to take business and industrial concerns in the state to the next level.
Ekong, who disclosed that Skye Bank had established wide representations with effective connection and computer warehouse to focus firmly on growth added that the seminar was packaged to inject discipline in the business of entrepreneurs.
According to her, the seminar which was the 6th in the series focused on General Commerce/Manufacturing would be followed by a recap next year for them to connect, to learn and to grow, stressing that elimination of ignorance in business management would improve growth and sustainability.
The executive director said, “Imo is a big commercial centre and we hope to be partners in progress in the onerous task of industrializing the state.”
She further revealed that the Skye Bank had already organized similar fora in Lagos, Onitsha, Benin and Abuja aimed at equipping industrialists with the tools on how to run their businesses.
Also speaking, the Regional Head (South East) Bank of Industry (BOI). Mr. Tokunbo Akinsola recalled that the Bank had initiated efforts aimed at accelerating the pace of the industrialization of the Onitsha road industrial layout in Owerri.
His words, “We are collaborating with the Imo state government especially in respects of matching funds and by this, Imo people will access it for their business.
“Aside this, the BOI had established its own funds for development which is already in place in some states to assist small and medium enterprises to grow with special Funds for them (SME) without interest rates.”

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