Earlier today, the Governor of Jigawa stated signed a 6-billion-naira Memorandum of Understanding (MoU) with the Bank of Industry . This collaboration is a significant step towards improving our economic situation and supporting long-term growth across Jigawa State.
The MoU establishes a 4 billion naira matching fund and a 2 billion naira managed fund to provide soft loans to the state medium and small-scale enterprises, promote entrepreneurship, and strengthen value chains in the state.
This initiative is consistent with President Tinubu’s Renewed Hope vision and our administration’s 12-point agenda, prioritizing poverty reduction, job creation, and sustainable development. Empowering our people to start their enterprises is critical to increasing growth in Jigawa State.
The Governor said he is certain that this collaboration with the BOI will substantially contribute to these aims by enhancing the livelihoods of the people.
The Governor said his administration is dedicated to executing the provision of this MoU and will collaborate closely with BOI to ensure the successful implementation of this project, which will provide adequate capital for small and medium-sized businesses to prosper.