Small & Medium

Enterprises
Directorate

Fitch Moody’s Agusto

National Long National scale issuer Credit rating Aa
Term AA+; rating Aa3.ng,
Head Office: 23 Marina Street, Lagos. Nigeria Customer Care 0700-CALL-BOI (07002255264)
Issuer rating – B2.
Switchboard :(234)-1- 2715070-71 Email: customercare@boi.ng Website: www.boi.ng
SMALL AND MEDIUM ENTERPRISES DIRECTORATE

The Directorate was established to drive and catalyze the development and growth of
small, medium enterprises by providing bespoke and flexible financial and non-financial
products and services that cater for the peculiar needs of customers in this segment. We
offer term loans, working capital, capacity building trainings and workshops. The activities
of the Directorate align with the federal government’s economic and growth plans.

The Directorate also serves the market along geographic lines (SME-North and South
Divisions) and operates through 24 state offices across the country.

A. SME South comprises the following Groups/Regions:
i. South East Region: The Regional office is located
in Enugu. It consist of operating business locations
in Enugu, Abia and Anambra states. These three (3)
offices also extend facilities to Ebonyi and Imo States.
perform. The Group is also responsible for managing
the Business Development Service Providers (BDSP)
Scheme. Presently, there are about 245 Consultants
under the Scheme. Through the BDSPs, BOI is able to
reach out to more SMEs and meet their funding needs.

ii. South-South Region: The Regional office is
located in Port Harcourt. It consists of operating
business locations in Cross River and Delta States.
The region also covers activities in Edo State.
iii. Lagos Region: The Regional office is located in
Ikeja, Lagos. The Region covers Lagos State and Ogun
States.
iv. South West Region: The Regional office is located
in Ibadan, Oyo State. The Region is composed of Oyo,
Osun, Ondo and Kwara States.
v. Bottom of Pyramid Group: This group serves the
unbanked/under banked individuals and businesses
such as artisans, micro enterprises etc. Funds are
availed through indirect lending channeled through
micro finance Banks (MFBs) who subsequently on-
lend these funds to the artisans and micro enterprises
at pocket-friendly rates for fairly suitable tenors.
vi. SME Credit Group: This group helps to screen
and ensure quality appraisals and recommends loans
for approval. They ensure credit proposals originating
within the SME Directorate are in line with the Risk
Acceptance Criteria of the Bank, and also comply with
relevant CBN Guidelines and the Bank’s Credit Policy.
The Group also assists the State Offices to access and
restructure ailing facilities to ensure they continue to
vii. SME Funds Group: The group is responsible
for the development of new products, third party
relationships, Matching Fund and Managed Fund
arrangements with some state governments and
other legacy Institutions.
Some of the impactful products and relationships
include; Dangote/BOI Matching Fund, various State
Governments Matching/Managed Funds, Graduate
Entrepreneurship Fund (GEF), Youths Entrepreneurship
Programme (YES-P), Youths Ignite and many other
Industry specific product programs e.g. The Nollywood
Fund, Food Processing Product Programs, Agro
Mechanization Fund and so on.
B. SME North comprises the following Regions:
i. North Central Region: The Regional office is
located in Abuja. The North Central Region overseas
Benue, Niger states and Abuja (FCT). In addition it
covers Kogi, Nassarawa and Plateau States.
ii. North West Region: The Regional office is located
in Kaduna. The North Central Region covers Kaduna,
Kano, Sokoto, Kebbi, Zamfara and Katsina States.
iii. North East: The Regional office is located in
Bauchi. The North Central Region covers Bauchi,
Gombe, Taraba and Borno States. This region also
covers activities in Jigawa, Yobe and Adamawa States.
 KINGPOST NIGERIA LIMITED
Engr. Kayode Agboola established Kingpost Nigeria
Limited in 2007 to manufacture doors, wardrobes, kitchen
cabinets and other furniture products with raw materials
primarily sources in Nigeria.
To expand its operations and attain its mission to be a high-
tech wood-manufacturing outfit, the company approached
the Bank of Industry for a credit facility, which was availed
to it.
The expansion allowed the company to take advantage of
the opportunities that abound in the industry as well as
achieve continuous and timely delivery to its customers
SUKAZ INT’L NIGERIA LIMITED.
Sukaz International is a worthy beneficiary of BOI-Dangote
MSME Fund – the bank’s line of credit dedicated to dealers
of Made-in-Nigeria goods.
The company is distributor of both Dangote Flour Mills and
Flour Mills of Nigeria Plc., and had Bank of Industry for a
credit facility to boost its stock levels by procuring large
volumes of Golden Penny and Dangote products.
Today, this establishment can boast of consistency in
stock availability, achieving it’s founding director Mrs
Adebisi Umar’s dream of becoming a top-ranked dealer in
fast-moving consumer goods (FMCG) category in Nigeria.
FEMEB NIGERIA LIMITED
Femeb Nigeria Limited is engaged in the production of fast
food packaging items. The company initially imported and
supplied fast food items and later ventured into production
of food packaging materials. With increasing sales, they
considered expansion.
Consequently the company approached the Bank of
Industry and successfully secured a loan to procure new
equipment. The equipment have been supplied, installed
and are functioning properly. More staff were engaged as
demand for products increased.
The company is run under the stewardship of the Chief
Promoter, Mrs Ebun Ayodele, with Arch. Gabriel Olufemi
Ayodele as Chairman.
JAMEL TECHNICAL LIMITED
Jamel Technical Limited is located in Ogoja, Cross River
State. In 2013 they applied to the Bank of Industry for
a medium term loan under the BOI- Cross River State
Matching Fund for working capital.
This request was approved and fund disbursed to procure
long span and step–tile corrugating machines, Hydraulic
bending machines, Ridge cap forming machines, Hydraulic
and foot plate shearing machines, power generating set
and forklift. They have since commenced the principal
repayment of the loan.
Mr. James Okpamu, the Managing Director is proud that
the company is now able to meet the growing demand of
customers.
COBEF INTERNATIONAL LIMITED ZANDOB LIMITED

ONUAZU LIMITED. NIFEX LIMITED