COURTESY VISIT OF MD/CEO BANK OF INDUSTRY (BOI) TO FIIRO

The MD/CEO Bank of Industry Mr Rasheed Adejare Olaoluwa paid a courtesy visit to the Federal Institute of Industrial Research, Oshodi in order to enhance Linkage between Innovation Centres and Industry.

This necessitated discussions on collaboration and mutual agreement on various national issues to drive social-economic development for the sustenance of enterprises especially Micro, Small and Medium Enterprises (MSMEs) in Nigeria.

The salient points were viewed as a step in the right direction for the actualization of the common heritage and mandate of the two organisations especially in the areas of financing investments in locally developed technologies. This is expected to accelerate economic advancement through job creation, poverty alleviation and youth & women empowerment based on value addition in agro-allied industries for the industrialization of Nigeria.

The salient points are listed as follows:

• Partnership between FIIRO and BOI on the design and establishment of job creation opportunities in Nigeria; this includes the use of FIIRO’s book on Investment Opportunities for Job Creation in 774 Local Government Areas of Nigeria: Based on FIIRO-Technologies and BOI’s program on Three Technologies per Local Government for Wealth Creation All Over Nigeria.
• To understudy FIIRO’s Industrial Profiles on various technologies for commercialization in Nigeria.
• Collaboration on linking and presenting of FIIRO’s technologies to the market.
• Promotion of FIIRO’s technologies through partnership with BOI
• FIIRO’s involvement in the creation of an ecosystem by BOI for the industrial development of Nigeria.
• Enhancing capacity building for FIIRO’s accredited fabricators towards the standardization of fabricated machineries and equipment with improved finishing.
• Partnering FIIRO in business support services for the training of BOI’s beneficiaries.
• BOI involvement of FIIRO in the proposed agro-processing summit.