BOI's Dr. Olusi Advocates Tech-Driven Growth for Nigeria

During the 18th convocation lecture at Ladok Akintola University of Technology (Lautech) in Ogbomosho, Oyo State, Dr. Olasupo Olusi, Managing Director of the Bank of Industry (BOI), challenged Nigeria to urgently convert its vast reservoir of talent into measurable economic output.

He highlighted Nigeria's paradox of abundant human capital yet underwhelming economic performance, arguing that the country's issues stem from a failure to translate talent into economic value. Olusi called for Nigerian universities to focus on producing practical, scalable solutions to real economic challenges.

He outlined BOI's strategies to support technology-led growth, including a digital loan application platform set to launch in June 2026, aimed at improving access to funding for entrepreneurs. He also announced plans for an industrial innovation fund and a student venture capital grant program to support young innovators.

Olusi expressed optimism about Nigeria's economic outlook, emphasizing the importance of ongoing reforms and investment in digital skills and innovation.