The Managing Director of Bank of Industry (BOI), Mr. Olukayode Pitan, called on development financial institutions (DFIs) in the country to increase funding support for businesses to enhance the pace of growth and development.
In a meeting with chief executives of DFIs in Abuja, Mr. Pitan said the primary objective is to create a forum for DFIs in Nigeria to exchange ideas on issues of common interests while providing a platform for members to cooperate in areas of investment, finance and capacity building, adding that operators need to play their role in creating a conducive atmosphere for sustainable development.
Mr. Pitan, who is the Chairman of the Association of Nigerian Development Finance Institutions (ANDFIs), however, lamented that the body had been quiet in the past seven years, a development which he said, was not good for the financial institutions. He also urged members to be more committed to the activities of the association.