President Bola Tinubu has described the Bank of Industry’s (BOI) ₦636 billion loan disbursement in 2025 as a strong signal that Nigeria’s macroeconomic reforms are yielding tangible results and driving reform-led economic growth.
The President made the commendation following the development finance institution’s announcement that it disbursed a record ₦636 billion to more than 7,000 enterprises nationwide in 2025 — the highest annual financing volume in the bank’s history.
According to a statement issued by the President’s Special Adviser on Information and Strategy, the milestone reflects improved institutional credibility, strengthened capital mobilisation, and expanded access to long-term financing for productive sectors of the Nigerian economy.
Sectoral Allocation of BOI’s ₦636bn Financing
A breakdown of the disbursement shows strategic sector targeting aligned with Nigeria’s economic diversification agenda:
- ₦202 billion allocated to agro-allied enterprises
- ₦100 billion invested in critical infrastructure including broadband, power, aviation, and transportation
- ₦79 billion channelled into manufacturing
- ₦77 billion directed to extractive industries
- ₦55 billion invested in the services sector
In addition, BOI deployed ₦73 billion in managed and matching funds on behalf of state governments and institutional partners.
President Tinubu noted that the financing directly enhanced productive capacity, expanded agro-processing, strengthened manufacturing output, and accelerated infrastructure delivery across Nigeria.
“At a time of global financing constraints, Nigeria expanded access to long-term capital for its businesses. That is a direct outcome of reform, credibility, and institutional discipline,” the President stated.
MSMEs, Startups and Inclusive Financing Strategy
The disbursement reflected a deliberate inclusion strategy across business sizes:
- Nano enterprises received ₦51 billion
- Micro businesses accessed ₦32 billion
- Small and medium enterprises (SMEs) secured ₦178 billion
- Large enterprises accounted for ₦375 billion
Under the Federal Government’s ₦200 billion MSME intervention programme, BOI achieved over 95 percent performance as the disbursing institution, while the Presidential Conditional Grant Scheme reached 957,400 beneficiaries in 2025.
The bank also supported more than 7,000 MSMEs and 570 startups, contributing to the creation and retention of approximately 1.6 million jobs nationwide.
Women, Youth and Rural Enterprise Support
BOI’s inclusive development initiatives delivered measurable impact:
- The ₦10 billion Guaranteed Loans for Women Programme provided up to ₦50 million per beneficiary to women-owned enterprises
- Youth-owned enterprises accessed ₦12 billion in financing
- Under the Rural Area Programme on Investment for Development, 880 rural enterprises across 36 states and the FCT accessed over ₦6.5 billion
Strategic interventions included upgrading a tomato processing facility from 3.1 metric tonnes per hour to 10 metric tonnes per hour, linking 47,508 smallholder farmers to formal value chains, and supporting 100 mini-grid deployments that connected 11,777 new electricity customers.
BOI-financed projects also contributed to an estimated annual reduction of over 20,000 tonnes of carbon emissions, reinforcing sustainable finance objectives.
Digital, Creative and Innovation Financing
Through the Investment in Digital and Creative Enterprises programme:
- 500 founders were prepared for investment
- 100 technology ventures received funding
- 400 youths were trained under innovation initiatives targeting over 300,000 Nigerians
The bank maintained strong asset quality with a non-performing loan ratio below 1.5 percent despite macroeconomic headwinds.
Additionally, BOI strengthened its lending capacity through a €2 billion syndicated facility secured in 2024 and an additional €210 million mobilised from international partners in 2025.
Tinubu Reaffirms Commitment to Industrialisation
President Tinubu emphasised that development finance must remain disciplined, measurable, and aligned with national priorities, stressing that Nigeria’s economic transformation will be built on production, value addition, and enterprise growth.
He also welcomed BOI’s designation as Nigeria’s first National Implementing Entity to the United Nations Adaptation Fund, describing it as a milestone in sustainable finance and global development positioning.
The President reaffirmed his administration’s commitment to consolidating reform gains, deepening institutional frameworks, and expanding credit access to drive industrialisation and inclusive economic growth in Nigeria.
