By Rukayat Moisemhe
The Bank of Industry (BoI) in recognition of responsible business practices in Nigeria and its commitment to driving industrial growth has inducted nine customers into its hall of fame.
The Managing Director, BoI, Dr Olasupo Olusi, at the induction ceremony, on Thursday in Lagos, also recognised 10 best performing Business Development Service Providers (BDSPs).
Olusi was represented by the Chief Strategy and Development Officer, BoI, Dr Isaac Omagu.
He described industries as critical drivers of economic growth and development, noting that they must be prioritised and supported in any economy.
He noted that the event’s theme: “Celebrating Impactful Partnerships,” reflected the bank’s commitment to fostering collaboration as a key enabler of sustainable development.
He said the bank recognised nine top-tier customers who demonstrated exemplary conduct, including prompt loan repayment, prudent fund management, and strong commitment to business growth.
“Since 2014, the Hall of Fame has stood as a symbol of distinction for enterprises that have demonstrated high standards of character, discipline, and commitment to loan repayment in line with approved terms.
“These enterprises ensure the sustainability of the bank, promote entrepreneurship and local production, earn foreign exchange through exports, and contribute to economic growth and Gross Domestic Product,” he said.
The BoI boss disclosed that a total of 44 customers had been inducted into the Hall of Fame over the past 12 years, with an additional nine customers to be inducted for 2025.
Olusi added that the bank recognised top-performing BDSPs for their role in enhancing the quality, capacity, and competitiveness of Micro, Small and Medium Enterprises across the country.
Olusi noted that BDSPs serve as a strategic platform for strengthening project viability and supporting risk asset growth.
He said the recognition of top-performing BDSPs was aimed at encouraging excellence, reinforcing commitment among participants, and motivating others to improve performance.
“Partnership and collaboration remain the foundation for building a robust industrial ecosystem.
“We must continue to work together to bridge the gap between innovative ideas and access to funding, while harnessing technology to amplify impact,” he said.
Olusi emphasised that inclusive and sustainable growth in Nigeria could only be achieved through deliberate collaboration with key stakeholders.
He reaffirmed the bank’s commitment to providing financial support to businesses and pursuing strategic partnerships in line with its 2025–2027 corporate strategy.
The BoI boss urged stakeholders to remain dedicated to excellence and contribute to the transformation of Nigeria’s industrial sector.
He congratulated the awardees and expressed confidence in their ability to inspire future generations.
The Divisional Head, Business Development and Partnerships, BoI, Dr Obaro Osah, noted that Development Finance Institutions (DFIs) played a very significant role in ensuring sustainable economic and social development.
Osah said BOI, as a DFI operating in Nigeria, has worked continuously with local and international partners to achieve its role in ensuring sustainable economic and social development.
“Today we are honouring these critical partners who have worked with us over the years and have been a key part of our success story; the 10 best performing BSDPs and nine inductees into the hall of fame for 2025.
“At BoI, we continue to work in synergy with key strategic partners to support the development of the industrial sector in Nigeria to promote prosperity and improve the livelihood of our people,” he said.
Earlier, Dr Chinyere Almona, Director-General, Lagos Chamber of Commerce and Industry, commended BoI for its impactful support to businesses, noting that the jobs created through its interventions have significantly boosted the economy.
Almona said while access to finance remains critical for Small and Medium Enterprises, it must be complemented by other key factors to achieve meaningful results.
According to her, access to markets, skills, knowledge, and enabling structures are essential for businesses to fully utilise funding and drive growth.
She emphasised that effective support systems must be in place to ensure that financial interventions translate into tangible economic outcomes.
The News Agency of Nigeria (NAN) reports that the awarded BSDPs include Brooks of waters consulting, Damilola Olawuyi Services, IBBDS Consulting Nigeria Ltd., Trustworld Hub Consult Ltd.
Others are; Rofenik Associates & Investments Ltd., Richardson Business Services Ltd., Peculiar Consult and Investments Ltd., First Emmason Consult Firm, First Fiducia Projects Ltd., and Consultingplus Services Ltd.
The customers inducted into the BoI 2025 hall of fame include Afe Babalola University Ltd., Olayinka Israel Nigeria Enterprises, Ebysunny Agro Industries, Mateco Industries West Africa Ltd.
Others are De Tastee Fried Chicken Ltd,. Autosheck Oil and Gas Ltd., Fas Agro Industrial Company Ltd., and Qosymax Nig Ent. and Daraju Industries Ltd.(NAN)(www.nannews.ng)
Edited by Gregg Mmaduakolam/Chinyere Joel-Nwokeoma
