The Bank of Industry Limited (BOI) is Nigeria’s oldest, largest and most successful development financing institution. It was reconstructed in 2001 out of the Nigerian Industrial Development Bank (NIDB) Limited, which was incorporated in 1964. The bank took off in 1964 with an authorized share capital of 2 million (GBP).
The Cross River State Microfinance and Enterprise Development Agency (MEDA) was established in response to the needs of the MSME sector in the state to promote the development of the MSME sector and assist in tackling the challenges faced by MSMEs in the state. The Agency was established by the MEDA law # 8 of 2010, passed by the Cross River State House of Assembly and assented to by His Excellency, the Governor in December 2010.
We are a federal government owned development bank with a mandate to provide low cost credit to small holder and commercial farmers, and small and medium rural enterprises.
We also provide micro financing to small and medium scale non agricultural enterprises. Our aim is to ensure effective delivery of agricultural and rural finance services on a sustainable basis to support the national economic development agenda, including food security, poverty reduction, employment generation, reduction in rural to urban migration, less dependency on imported food items, and increase in foreign exchange earnings.