President Bola Tinubu has praised the Bank of Industry for disbursing a record N636 billion to businesses in 2025, marking the highest annual financing in the bank’s history.
According to a statement by the President’s Special Adviser on Information, Bayo Onanuga, the funds reached over 7,000 enterprises nationwide, supporting agro-allied firms (N202bn), infrastructure projects (N100bn), manufacturing (N79bn), extractive industries (N77bn), and services (N55bn). Additionally, N73 billion was deployed through state and institutional partnerships.
The financing was deliberately inclusive: nano enterprises received N51bn, micro businesses N32bn, SMEs N178bn, and large enterprises N375bn.
BOI also supported over 570 start-ups and recorded the creation/retention of approximately 1.6 million jobs.
Specialised programmes included the Guaranteed Loans for Women Programme (N10bn), youth enterprise financing (N12bn), and support for 880 rural-based enterprises (N6.5bn).
Key interventions included upgrading a tomato processing facility, linking 47,508 smallholder farmers to value chains, deploying 100 mini-grids to connect 11,777 new customers, and reducing carbon emissions by 20,000 tonnes annually.
The President highlighted BOI’s strong asset quality, with a non-performing loan ratio below 1.5 per cent, and international support, including a €2bn syndicated facility in 2024 and an additional €210m in 2025.
Tinubu noted that the achievements reflect Nigeria’s progress in economic reforms, expanding productive capacity, industrialisation, financial inclusion, and global development finance standing.
BOI has also been designated Nigeria’s first National Implementing Entity to the UN Adaptation Fund, reinforcing its commitment to sustainable finance and inclusive growth.
