The Bank of Industry will administer the fund at 4.5 percent interest rate.
The maximum financial amount is N2billion for a single obligor for new facilities and N1billion for refinancing.Lagos Bus Service increases fare, effective August 1 They were asked to explain the status of their BoI Cotton Textile and Garment Loans, stating their outstanding balances, tenure, interest rate, interest payment and the assistance being sought from CBN.