Traditional banking hasn’t worked well in some areas of the world, including sub-Saharan Africa, where a large percentage of the population has been financially underserviced. New, innovative fintechs have been only too happy and qualified to fill the void. By expanding access, fintechs are promoting economic and social growth in the region, especially in high-tech hubs South Africa and Kenya, which are setting an example for others to follow.
Bank of Industry (BOI)
Today, International Banker is joined by Mr. Olukayode Pitan, managing director and CEO of Bank of Industry, to discuss the financial inclusion in Nigeria, the country’s SME sector and the role that the bank plays in improving the economy of Nigeria. Very good to have you here.
Nigeria’s government-owned Bank of Industry is on a mission to “transform Nigeria’s industrial sector by providing financial and business support services to enterprises”, firmly cementing its vital role in advancing the country’s economic development. In our interview with him, Managing Director and CEO Olukayode Pitan explains how BOI is fulfilling its ambitious mandate to create more jobs and reduce poverty by providing financial support to pivotal enterprises.