Dr. Olasupo Olusi, Managing Director of the Bank of Industry (BOI), is taking bold steps to improve access to funding for small and medium-sized enterprises in Nigeria. Through a strategic partnership with the Nigerian Exchange Limited (NGX), Olasupo Olusi champions SME access to capital by equipping businesses with the skills and knowledge to raise funds through the capital market.
At a recent forum organized by NGX, in collaboration with BOI, stakeholders gathered in Lagos to discuss solutions to the funding challenges many Nigerian SMEs face. Olasupo Olusi emphasized that the capital market holds great potential for local businesses and said that Nigerian entrepreneurs need more than just traditional bank loans to grow.
He explained that BOI remains committed to creating pathways that help businesses scale, and the partnership with NGX will expose SMEs to long-term financing options. Olasupo Olusi champions SME access by focusing on financial literacy and helping business owners understand market-based funding models.
Participants received training on listing requirements, equity and debt instruments, and how to attract investors. These skills are essential for sustainable growth, and Olusi believes that informed entrepreneurs will make better financial decisions. He also stressed that education remains key to unlocking the capital market’s value for smaller businesses.
According to Olusi, Nigeria’s economy depends heavily on the success of SMEs, and giving them access to diversified funding will boost productivity, employment, and innovation. BOI is now investing more in capacity building, technical support, and direct collaboration with regulators to make these opportunities possible.
The NGX CEO, Temi Popoola, praised the initiative and described it as a necessary move toward achieving inclusive economic development. He noted that many SMEs struggle not because they lack ideas but because they lack access to the right funding channels. Together with BOI, NGX is committed to breaking these barriers.
Olasupo Olusi stated that the bank is also helping SMEs meet the standards required for public investment. This includes improving their corporate governance, financial reporting, and investor readiness. He added that BOI will continue working with market experts to train business leaders and remove doubts about capital market participation.
The event brought together entrepreneurs, regulators, and investors. Many expressed optimism and shared their willingness to take advantage of the platform. Some SMEs already preparing to list on the NGX said the guidance received has helped them feel more confident and prepared.
Olasupo Olusi champions SME access not just through words but through action. His leadership has opened doors for thousands of businesses and inspired a new wave of confidence in Nigeria’s capital markets. By helping SMEs embrace new funding methods, Olusi is shaping a stronger future for Nigeria’s economy.
In all, his efforts reflect a deep understanding of business challenges and a clear vision for economic empowerment. He remains focused on driving inclusive growth and giving Nigerian entrepreneurs the tools to thrive.
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