The Bank of Industry has formed a strategic partnership with Bumpa, a leading digital business platform, to empower youth entrepreneurs across Nigeria. This collaboration, designed to support 200 youth-owned micro, small, and medium enterprises in its pilot phase, focuses on equipping young innovators with the right tools and training to manage their operations efficiently and expand their market reach.
Through this initiative, the Bank of Industry aims to address one of the most pressing challenges faced by youth entrepreneurs limited market access. The project, implemented under the Youth and Skills Thematic Area of the Bank, combines digital empowerment with capacity development to boost productivity, innovation, and competitiveness. By doing so, it seeks to transform how young Nigerians build, scale, and sustain their enterprises in today’s rapidly evolving business landscape.
Bumpa’s involvement adds a vital digital edge to the program. The platform enables business owners to manage sales, track inventory, and connect with customers online. By integrating such digital tools with the developmental expertise of the Bank of Industry, the partnership creates a practical bridge between technology and entrepreneurship. This synergy ensures that youth entrepreneurs can efficiently navigate the demands of modern business while enhancing visibility and customer engagement.
The Bank of Industry noted that many young business owners often face structural barriers that limit their ability to grow. These include weak access to finance, poor digital exposure, and inadequate business management skills. Through this partnership, the Bank seeks to close these gaps by providing hands-on training, mentorship, and digital resources that foster long-term growth. Participants will gain essential knowledge in financial planning, online marketing, and customer management — all key elements for building sustainable enterprises.
In addition, the collaboration reflects BOI’s broader mission to empower youth as active contributors to Nigeria’s economic development. By merging innovation with entrepreneurship, the Bank continues to promote self-reliance and job creation among young people. The institution believes that digital literacy and market access are now inseparable from sustainable business success. Therefore, initiatives like this one help position Nigeria’s youth as competitive players in both local and global markets.
Bumpa also reaffirmed its commitment to supporting small businesses through accessible technology. The company believes that empowering youth entrepreneurs drives not only economic inclusion but also social progress. It emphasized that when young business owners have access to the right tools, they can unlock new levels of creativity, resilience, and productivity. The project, it said, serves as a model for how public-private partnerships can stimulate growth and strengthen the entrepreneurial ecosystem.
Both partners expressed optimism that the pilot phase will create measurable impact and set the tone for broader expansion. As the program scales, more youth entrepreneurs across Nigeria are expected to benefit from its digital and financial support framework. Through continuous training and innovation, the collaboration aims to build a generation of confident, capable, and globally competitive entrepreneurs.
The partnership between the Bank of Industry and Bumpa stands as a forward-looking step toward inclusive growth. By empowering youth entrepreneurs with digital skills and market access, both institutions are helping to shape a future where young Nigerians drive economic transformation with vision, creativity, and determination.
