Nigeria: BoI Stakes N1.1 Billion On Backward Integration Plan for Card Manufacturing

30 December 2014

THE Bank of Industry (BoI) Tuesday expressed readiness to support backward integration plans that would lead to the emergence of profitable manufacturing firms in the country.

Indeed, the Bank stated that it has committed N1.1 billion to the backward integration exercise in the smart cards manufacturing industry thereby reducing importation of cards that can be manufactured locally.

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