President Bola Tinubu has reaffirmed his resolve to deepen reforms and expand credit access, as the Bank of Industry BOI, disbursed a record N636 billion to businesses in 2025.
The President commended BOI for achieving the highest annual financing volume in its history, describing the performance as clear evidence that ongoing macroeconomic reforms are strengthening development finance institutions and unlocking capital for productive sectors of the economy.
The N636 billion was disbursed to more than 7,000 enterprises nationwide.
Sectoral allocation shows that N202 billion went to agro-allied enterprises; N100 billion to critical national infrastructure, including broadband, power, aviation and transportation; N79 billion to manufacturing; N77 billion to extractive industries; and N55 billion to services.
In addition, the Bank deployed N73 billion in managed and matching funds on behalf of state governments and institutional partners.
In a statement issued by the Presidential Spokesperson, Mr Bayo Onanuga, President Tinubu said the scale of financing translated directly into productive capacity across the economy, supporting agro-processing expansion, strengthening manufacturing output, facilitating infrastructure delivery and empowering enterprises across the states.
Reform Credibility
He noted that Nigeria’s ability to expand access to long-term capital for businesses amid global financing constraints reflects reform credibility and institutional discipline.
Disbursement by business size underscored an inclusion-driven strategy, with nano enterprises receiving N51 billion, micro businesses N32 billion, small and medium enterprises N178 billion, and large enterprises N375 billion.
Under the Federal Government’s N200 billion MSME intervention programme, BOI recorded over 95 per cent performance as the disbursing institution, while the Presidential Conditional Grant Scheme reached 957,400 beneficiaries in 2025.
The Bank’s 2025 financing activities led to the creation and retention of about 1.6 million jobs, with support extended to more than 7,000 MSMEs and 570 startups.
Inclusive financing initiatives also recorded measurable gains, as women-owned enterprises accessed credit through the N10 billion Guaranteed Loans for Women Programme, youth-owned businesses received N12 billion, and 880 rural enterprises across the 36 states and the FCT accessed over N6.5 billion under the Rural Area Programme on Investment for Development.
Strategic interventions included the upgrade of a tomato processing facility from 3.1 metric tonnes per hour to 10 metric tonnes per hour and the integration of 47,508 smallholder farmers into formal processing value chains.
BOI also supported the deployment of 100 mini-grids in partnership with development finance institutions, connecting 11,777 new customers to electricity.
BOI-financed projects contributed to an estimated annual reduction of over 20,000 tonnes of carbon emissions.
Through the Investment in Digital and Creative Enterprises programme, 500 founders were prepared for investment, 100 technology ventures received funding, and 400 youths were trained through innovation initiatives with outreach to over 300,000 Nigerians.
President Tinubu noted that BOI maintained strong asset quality, with a non-performing loan ratio below 1.5 per cent despite macroeconomic headwinds.
He also acknowledged the €2 billion syndicated facility secured in 2024 and the additional €210 million mobilised from international partners in 2025, which strengthened the Bank’s lending capacity.
Global Development
The President welcomed BOI’s designation as Nigeria’s first National Implementing Entity to the United Nations Adaptation Fund and its recognition for sustainable finance and financial inclusion, saying the achievements reinforce Nigeria’s global development finance standing.
He reaffirmed his administration’s commitment to crowd in capital, deepen institutional reform and ensure that access to finance consistently supports real sector expansion nationwide.