BoI and NBCC Sign MoU to Boost Nigeria-Belgium Trade

The Bank of Industry (BoI), Nigeria's foremost development finance institution, signed a landmark memorandum of understanding (MoU) with the Nigerian-Belgian Chamber of Commerce (NBCC) to deepen economic cooperation and expand investment flows between Nigeria and Belgium. The agreement was signed during a high-level breakfast meeting co-hosted by BoI and NBCC, themed "Scale Operations, Expand Capacity, Access Competitive Finance." Dr. Olasupo Olusi, Managing Director and Chief Executive Officer of BoI, and Mr. Rotimi Akind, Executive Director of Corporate Finance and Sustainable Investment, described the partnership as a strategic milestone in BoI's drive to expand global collaboration and accelerate Nigeria's industrial transformation.

The MoU aims to create a stronger international business corridor, unlock investment opportunities, facilitate technology transfer, and support micro, small, and medium enterprises (MSMEs) in strengthening Nigeria's industrial competitiveness. Pieter Leenknegt, Ambassador of the Kingdom of Belgium to Nigeria, commended the growing economic relationship between the two countries and expressed optimism that the partnership would create new business opportunities.