The Bank of Industry (BOI) in Nigeria has launched its inaugural Annual Development Impact Report.
The report marks a strategic institutional shift from evaluating success solely by loan volumes to measuring the tangible socio-economic outcomes of its financial interventions.
It highlights that in 2025—the first full year of implementing the bank’s 2025–2027 Corporate Strategy—the BOI disbursed N644.9 billion across nano, micro, small, medium, and large enterprises.
These interventions according to the report, generated an estimated 1.68 million direct, indirect, and supported jobs across 14 strategic sectors.
Notably, over 30% of financing went to MSMEs, while more than 20% backed women- and youth-led businesses.
The report’s data integrity was independently assured by KPMG and the Policy Innovation Centre (PIC).
Reflecting on the bank’s strategic repositioning, the Managing Director and Chief Executive Officer of the Bank, Dr. Olasupo Olusi, said the year 2025 marked a defining moment for the BOI.
Commending the institutional shift toward rigorous accountability, the Minister of State for Industry, Trade and Investment, Senator John Enoh, stated that the maiden Development Impact Report sets a benchmark for transparency and accountability across public institutions.
For her part, the Minister of State for Budget and Economic Planning, Dr. Doris Nkiruka Uzoka-Anite, emphasised the importance of the report to the realisation of a $1 trillion economy, stating that it would help in bridging the gap between national ambition and sustainable investments.
