Governor Ododo Inaugurates Bank of Industry Office in Lokoja to Propel Kogi’s Economic and Industrial Development
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In a bold step toward accelerating industrialization and economic diversification, the Executive Governor of Kogi State, His Excellency Alhaji Ahmed Usman Ododo, has officially commissioned the Kogi State office of the Bank of Industry (BOI). The new office, strategically located at the Kogi State Investment House, No. 17 Ado Ibrahim Road, GRA, Lokoja, is poised to serve as a key driver in the state’s industrial transformation.
Speaking at the inauguration ceremony held today in Lokoja, Governor Ododo described the commissioning as more than the unveiling of a physical office. He characterized it as the dawn of a new economic era for Kogi State, symbolizing the government’s resolve to position the state as a critical player in Nigeria’s industrial landscape.
“This is not just the commissioning of a building,” the Governor stated. “It is the unveiling of a future anchored on belief and driven by the collective will of a people determined to become the economic nerve center of our great nation. The presence of the Bank of Industry in Lokoja signals our readiness to embrace sustainable growth and industrial innovation.”
Governor Ododo extended his gratitude to President Bola Ahmed Tinubu for his administration’s continued support and commitment to Kogi State’s development. He further assured the leadership of the BOI that his government is dedicated to creating a supportive and enabling environment for the bank’s operations and its clientele.
“I commend Mr. President for his unwavering support for Kogi State. We will ensure the BOI enjoys a conducive operating climate and a secure, investor-friendly environment,” the Governor added.
In his address, the Managing Director and Chief Executive Officer of the Bank of Industry, Dr. Olasupo Olusi, emphasized the far-reaching benefits of the BOI’s presence in the state. According to him, the new office will serve as a catalyst for growth among various sectors, particularly Small and Medium Enterprises (SMEs), cooperative societies, women- and youth-led enterprises, and large-scale industrial ventures.
“This is a significant milestone for Kogi State,” Dr. Olusi said. “Our presence here will unlock greater access to finance, facilitate job creation, stimulate inclusive growth, and strengthen the backbone of the local economy through robust support for entrepreneurial and industrial ventures.”
The establishment of the BOI office is widely seen as a pivotal moment in the state’s economic trajectory. It is expected to ease access to development financing for entrepreneurs and industrialists, drive job creation, and position Kogi as a hub for industrial investment in the North Central region of Nigeria.
Stakeholders from the public and private sectors hailed the development as timely, noting its alignment with the Ododo administration’s broader agenda for economic revitalization and sustainable development.
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