Dans le but de stimuler the Nigerian industrial sector by providing financial and commercial support services to businesses, African Guarantee Fund (AGF) and the Bank of Industry of Nigeria (BOI) have signed a loan portfolio guarantee agreement in the amount of 50 million US dollars

The agreement between AGF and BOI was signed during the African Investment Forum in Rabat. The objectives of the agreement are in three installments over a period of 10 years and will significantly increase BOI lending to Small and Medium Enterprises (SMEs) in Nigeria. This agreement includes a comprehensive risk-sharing mechanism that focuses on supporting MSMEs, women-led businesses, and green businesses in order to promote environmental sustainability and gender equity.