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The Bank of Industry (BoI) in Nigeria focuses on promoting the growth of small and medium-sized enterprises (SMEs) through its credit policy, which emphasizes access to affordable financing for businesses in key sectors like manufacturing, agriculture, and technology. The policy aims to support economic diversification and job creation by offering various loan products with competitive interest rates and flexible repayment terms. Additionally, BoI provides technical assistance and capacity-building programs to ensure that borrowers can effectively utilize the funds and enhance their business operations. Overall, the credit policy is designed to stimulate industrial growth and foster sustainable development in the Nigerian economy.

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AnswerBot

1w ago

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