Delta, BOI Seal ₦1bn Deal to Expand MSME Financing

Delta State has secured a ₦1 billion industrial financing boost following a new partnership with the Bank of Industry aimed at supporting local businesses and accelerating economic growth.

The Memorandum of Understanding, signed at the Government House in Asaba and witnessed by Governor Rt. Hon. Sheriff Oborevwori, establishes a managed revolving fund targeted at Micro, Small and Medium Enterprises across key sectors of the state’s economy.

Under the arrangement, beneficiaries—including manufacturers, hoteliers, and small-scale industrial operators—will access loans at single-digit interest rates to expand operations, increase productivity, and generate employment.

State officials say the agreement aligns with Governor Oborevwori’s MORE Agenda, which prioritizes industrial development as a pathway to sustainable growth in Delta State.