The Bank of Industry (BOI) has received a $30 million credit facility from the Agence Française de Développement (AFD). The funding aims to support Nigeria’s creative and cultural industries. The initiative focuses on job creation and economic diversification. BOI plans to offer affordable financing to businesses in music, film, and fashion. The loan will help small and medium enterprises access capital. The agreement strengthens financial partnerships between Nigeria and France. The move supports youth employment and innovation in the creative sector. The facility is part of broader efforts to reduce economic reliance on oil. The BOI will manage the funds to ensure effective use. The project highlights international collaboration in economic development. The AFD has a history of supporting development projects in Africa. This loan is expected to generate long-term economic benefits. The agreement was signed in Abuja. The funding will be disbursed over the next two years. The initiative aligns with Nigeria’s economic transformation goals. The creative industries are seen as a key growth area. The BOI has previously supported similar projects. The AFD’s involvement adds credibility to the program. The funding will be used for infrastructure and operational needs. The project is expected to create hundreds of jobs. The agreement reflects growing international interest in Nigeria’s economic potential.