The Bank of Industry has reaffirmed its unwavering commitment to empowering Nigerian artisans and technicians, describing them as the backbone of inclusive economic growth and the future of the country’s industrial development.
Speaking at the Nigerian Artisans Leadership Summit 2025, Olasupo Olusi, Managing Director, BOI, said the bank views Nigeria’s over 12 million artisans as key drivers of grassroots enterprise and national transformation.
The event themed, “Unlocking the Inherent Potential of Nigerian Artisans and Technicians” brought together leaders of the artisan community, development partners, government representatives, and stakeholders to spotlight the challenges faced by craftsmen, while also charting a new course for their empowerment and integration into the formal economy.
Represented by Mabel Ndagi, Executive Director, Public Sector and Intervention Programmes, the BOI boss said the theme goes to the heart of inclusive development.
He noted further that the theme speaks to a vision of Nigeria where talent is not wasted due to lack of support, where enterprise is not stifled by lack of access, and where informal skills are not excluded from formal opportunities.
According to BOI MD, the challenges faced by artisans such as limited access to affordable finance, lack of research and development, outdated equipment, inadequate training, poor business structures, and minimal export participation require urgent and structured intervention.
To address these systemic issues, he explained that the bank is anchoring its 2025–2027 Corporate Strategy on six thematic pillars.
These include strengthening Micro, Small and Medium Enterprises, promoting youth empowerment and skills development, expanding opportunities within the digital economy, advancing climate resilience and sustainability initiatives, investing in critical infrastructure, and ensuring gender inclusion across all interventions.
“These focus areas are not just bureaucratic categories, they are lenses through which we are reimagining support for artisans and grassroots entrepreneurs,” Olusi noted.
He underscored BOI’s mission to provide both financial and advisory support to Nigerian enterprises that sustain local economies and catalyze national growth.
“Our vision as a development finance institution is to transform Nigeria’s industrial landscape by empowering the enterprises that power this nation. At the heart of this vision are artisans and grassroots entrepreneurs like you,” he stated.
The BOI Boss reminded the artisans that development cannot be outsourced or imported, adding that, “It must be built by hand, by skill, by passion, and by purpose. That is what artisans represent. That is what BOI supports. That is the future we must shape together,”
