BoI opens at Edo Production Centre, as firm accesses bank’s facility for equipment upgrade
In a move to redefine the Micro, Small and Medium Enterprises (MSMEs) scene in Edo State, the Bank of Industry (BoI) has opened its operating office at the Edo Production Centre, on Sapele Road, Benin City, to provide bespoke services to enterprises working at the Governor Godwin Obaseki-backed industrial hub.
Managing Director, Edo Skills Development Agency (EdoJobs), Mrs. Ukinebo Dare, in a chat with journalists, said the state government is happy to welcome the BoI at the centre, which is a fulfilment of its promise to provide compact, tailor-made business support solutions to firms operating from the Edo Production Centre.
She noted that one of the firms at the centre has just bought a new equipment courtesy of a loan facility from the BoI, which has rolled out packages for firms operating at the centre.
According to her, “The Edo Production Centre is a novel idea that is poised to redefine the industrial and light manufacturing scene in the state. Not only are firms operating from the facility enjoying regular electricity supply, they are also benefiting from the special arrangement that gives them a competitive advantage because they can produce at scale and have the support of ancillary services that can boost production.”
She added that the state government is committed to replicating the success of the Edo Production Centre in another location in Benin City and then two others, with each serving Edo North Senatorial District and Edo Central Senatorial District.
Companies operating at the centre include those engaged in welding, metal and fabrication, polythene production, printing, woodwork, recycling, shoe-making, among others.