The Bank of Industry (BOI) and the Plateau State Government have entered into a significant partnership by signing a Memorandum of Understanding (MoU) to set up a matching fund of N4 billion. This initiative, which took place at the Government House in Jos, is intended to boost the Micro, Small, and Medium Enterprises (MSMEs) sector within the state. Both the BOI and the Plateau State will contribute equally to the fund, which is earmarked for financing essential equipment and working capital for small businesses.

Governor Caleb Mutfwang expressed enthusiasm over this agreement, highlighting its potential impact on the local economy and its alignment with broader national economic goals. He emphasized that the initiative aims not only to bolster Plateau State’s economy but also to enhance its contribution to Nigeria's national GDP. This strategic move is in line with President Bola Tinubu's ambitious vision of achieving a one trillion dollars economy for the country, indicating a strong commitment to economic development and job creation in the region.

The project is particularly focused on empowering women and youth by facilitating access to funds necessary for small business operations. Mutfwang assured the BOI team of the responsible execution of the project, underscoring the government's dedication to facilitating inclusive economic growth. The initiative is anticipated to create job opportunities, strengthen local supply chains, and contribute significantly to the sustainable development of Plateau State, marking a vital step toward economic resilience and growth in the area.