business
Bank of Industry to Empower Young Entrepreneurs via Tech Hubs and Innovation Funds

BOI Reinforces Youth Empowerment Drive with Tech Hubs and Innovation Funding
The Bank of Industry (BOI) has reaffirmed its commitment to empowering young entrepreneurs in Nigeria through strategic investments in technology hubs, innovation funds, and inclusive industrial policies. This commitment was reiterated by the bank’s Managing Director, Dr. Olasupo Olusi, during the 2025 Award of Excellence for Innovations and Entrepreneurship Development held at Obafemi Awolowo University (OAU), Ile-Ife.
In his address, Dr. Olusi emphasized the urgent need for Nigeria to shift from fragmented development efforts toward a cohesive, system-wide transformation. Achieving this, he said, requires national policy alignment, strong public-private partnerships, and the creation of platforms that unlock large-scale opportunities for Nigerian youth.
He outlined four key pillars essential to fostering youth-led industrial growth:
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Skills development
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Access to finance
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Infrastructure enhancement
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Supportive regulatory frameworks
“These four pillars,” Dr. Olusi explained, “are not just critical for today’s young entrepreneurs—they will shape the Nigeria we want to build tomorrow.”
As part of BOI’s three-year strategic vision, the bank is already rolling out impactful initiatives aimed at boosting youth innovation. A centerpiece of this plan is the upcoming Industrial Innovation Fund, developed in partnership with the Federal Ministry of Science and Technology and other stakeholders. The fund will provide financing across the full innovation spectrum—from research and prototype development to equity and debt financing—supporting youth involvement in digital technology and the creative economy.
Dr. Olusi also announced a new series of impact funds targeting high-growth ventures, vital value chains, and struggling businesses across various sectors. These funds will employ a mix of debt and equity instruments to provide flexible support for sustainable enterprise development.
“The best way to predict the future,” he stated, “is through strategic investment, innovation, and inclusion. This is how we build a better nation.”
In recognition of his contributions, Dr. Olusi received the Award of Excellence from OAU Vice-Chancellor Professor Simeon Banire, who praised BOI’s role in championing youth-focused tech hubs. Prof. Banire described these hubs as “critical drivers of sustainable economic growth” and commended the bank’s proactive support.
As part of the event, Dr. Olusi also announced a one-year mentorship programme for select OAU students, further deepening the bank’s commitment to nurturing entrepreneurial talent. Prof. Banire applauded the initiative, noting that such mentorship would significantly enhance students’ readiness to innovate and lead in a competitive global economy.
Amid ongoing challenges related to unemployment and underdeveloped industrial capacity, BOI’s strategic focus on youth entrepreneurship, innovation, and technology is seen as a crucial step in advancing Nigeria’s long-term development goals.
business
Discover Life-Changing Digital Products You Can Buy Today on Selar

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business
We are Hiring: Social Media Growth Ambassadors (2 Positions)

Remote | Part-Time or Flexible Hours
Are you active on social media and passionate about business, jobs, and opportunities?
Do you know how to attract attention, spark engagement, and drive traffic online?
Then this opportunity is for you!
Role Overview:
We are looking for 2 dynamic individuals to serve as Social Media Growth Ambassadors for GlobabizEmpire.com — a trusted online platform for global jobs, business insights, and income opportunities.
Key Responsibilities:
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Promote GlobabizEmpire.com consistently on Facebook, Instagram, WhatsApp, TikTok, or X
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Share daily job updates, business news, and smart money tips from the website
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Drive website traffic using content, trends, reels, and referral links
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Respond to DMs/comments and convert viewers into website visitors
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Provide weekly reports on reach, impressions, and traffic performance
What You’ll Need:
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A strong presence on social media (min. 2,500 followers on at least one platform)
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Great communication skills and social media creativity
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Consistency and accountability
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Passion for helping people grow their careers or income
What You’ll Get:
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Monthly stipend + performance-based bonus
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Opportunity to grow your personal brand with us
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Free digital training + content materials
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Certificate of Digital Advocacy (upon successful campaign)
How to Apply:
Send us a message with:
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Your full name
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Link to your active social media profiles
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Short message on why you are the perfect fit
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Screenshot of your past engaging post (if available)
Email: [email protected]
WhatsApp: +234 8153507382
Deadline: August 22, 2025
business
NEXIM Bank and SMEDAN Partner to Strengthen SME Export Capacity Nationwide

NEXIM Bank and SMEDAN Sign Landmark MoU to Boost SME Export Growth in Nigeria
In a bold move to strengthen Nigeria’s small business ecosystem, the Nigerian Export-Import Bank (NEXIM) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have signed a groundbreaking Memorandum of Understanding (MoU) aimed at accelerating the growth and global competitiveness of Small and Medium Enterprises (SMEs) across the country.
A Strategic Partnership for Economic Transformation
This MoU formalizes a strategic alliance between NEXIM and SMEDAN, focusing on:
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Export financing and access to global markets
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Tailored financial products for SMEs
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Capacity-building and training programs
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Promotion of Made-in-Nigeria products internationally
The collaboration is expected to streamline trade facilitation and offer Nigerian SMEs the tools and support needed to thrive in international value chains.
Empowering SMEs for Global Competitiveness
Speaking at the signing ceremony, Abba Bello, Managing Director/CEO of NEXIM Bank, emphasized the significance of this partnership in preparing Nigerian SMEs to compete globally, particularly under the African Continental Free Trade Agreement (AfCFTA).
“This collaboration with SMEDAN is a critical step in our mission to empower Nigerian SMEs. By combining our financial instruments with SMEDAN’s development expertise, we are creating a robust support framework that enables small businesses to scale and succeed in export markets,” Bello said.
Removing Barriers and Unlocking Opportunities
On his part, Charles Odii, Director-General of SMEDAN, noted that the agreement will help eliminate major hurdles that have long hindered SMEs from tapping into international markets.
“Our goal is to ensure Nigerian SMEs have not just the skills but also the financial backing to grow. This MoU with NEXIM Bank paves the way for real participation in global trade,” Odii remarked.
He also outlined key focus areas of the collaboration:
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Providing export-oriented financing solutions
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Offering expert training and advisory services
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Simplifying export processes for MSMEs
🇳🇬 Aligning with Nigeria’s Economic Diversification Agenda
This partnership supports the federal government’s broader vision of economic diversification and inclusive growth, particularly through public-private partnerships that empower micro, small, and medium-sized enterprises (MSMEs).
About the Agencies
NEXIM Bank, established under Act 38 of 1991, is Nigeria’s official Export Credit Agency, providing financing, risk management, and advisory services to support the development of non-oil exports.
SMEDAN, created by the SMIDA Act of 2003, is the federal government’s leading institution tasked with fostering the growth, sustainability, and global competitiveness of MSMEs across Nigeria.
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