Mr Rasheed Olaoluwa, the Managing Director, Bank of Industry (BoI), has said the Bureau of Public Enterprises had opened bidding for the appointment of advisors for the privatisation of BOI.
Olaoluwa disclosed this while speaking in Lagos at a media parley with the theme; “BOI Impacting on Nigeria Industrial Sector”.
He said that much progress had been made on the privatisation of the bank by the Federal Government in the last few months.
Olaoluwa said that with the privatisation, the bank would be able to get more funds for its development mandate.
He said that BoI’s authoriised capital currently stood at N250 billion, of which N146 billion was paid up, adding the bank still had some gaps to fill.
“However, you are all aware that government has been taken steps to privatise BoI. Just two days ago (Thursday), BPE opened financial bid for the appointment of advisors.