Access to affordable financing remains one of the most significant challenges confronting small-scale industrialists in Nigeria. High interest rates, stringent collateral requirements, and complex application procedures often limit the ability of entrepreneurs to secure the capital required for expansion and sustainability.

Recognizing this persistent gap, the Nigerian Association of Small Scale Industrialists (NASSI) took strategic and proactive steps to facilitate structured access to funding for its members through a formal partnership with the Bank of Industry (BOI).

To create sustainable financing opportunities for members, NASSI entered into a strategic collaboration with the Bank of Industry (BOI), one of Nigeria’s foremost development finance institutions. This partnership formally positioned NASSI members to benefit from structured intervention funds and single-digit interest loans tailored to support small and medium-scale enterprises.

The collaboration was built on mutual commitment to:

• Improve access to affordable financing

• Strengthen small-scale industrial capacity

• Promote business expansion and modernization

• Encourage job creation and economic growth

• Ensure responsible loan utilization and accountability

Through this partnership, NASSI reinforced its role as a credible and organized body capable of mobilizing, screening, and supporting qualified entrepreneurs.