President Bola Tinubu has commended the Bank of Industry (BOI) for disbursing a historic N636 billion to businesses in 2025, describing it as the institution’s highest annual lending performance and a clear sign that ongoing economic reforms are strengthening Nigeria’s development finance framework.
The President noted that the scale of financing reflects growing institutional discipline and improved macroeconomic stability, unlocking long-term capital for enterprises and productive sectors nationwide.
Data from BOI show that the N636 billion facility reached over 7,000 enterprises across the country. Sectoral allocation included N202 billion to agro-allied businesses, N100 billion to critical infrastructure projects such as broadband, electricity, aviation, and transportation, N79 billion to manufacturing, N77 billion to extractive industries, and N55 billion to services.
Additionally, BOI deployed N73 billion in managed and matching funds on behalf of state governments and institutional partners.
President Tinubu highlighted that the interventions translated into tangible outcomes: expanded agro-processing capacity, stronger manufacturing output, improved infrastructure, and increased enterprise activity nationwide.
He emphasized that widening access to long-term finance during a period of global capital tightening underscores the credibility of Nigeria’s reform programme.
Financing by enterprise size reflected an inclusion-driven approach: nano businesses received N51 billion, micro enterprises N32 billion, SMEs N178 billion, and large firms N375 billion.
Under the Federal Government’s N200 billion MSME intervention scheme, BOI achieved over 95% performance as the primary disbursing institution. The Presidential Conditional Grant Scheme also benefited 957,400 Nigerians in 2025.
The bank’s interventions supported the creation and retention of 1.6 million jobs, assisted over 7,000 MSMEs, and funded 570 start-ups. Targeted programmes also recorded measurable gains:
The Guaranteed Loans for Women Programme provided N10 billion, with loans of up to N50 million per beneficiary.
Youth-owned enterprises accessed N12 billion in funding.
880 rural enterprises across the country received over N6.5 billion under the Rural Area Programme on Investment for Development.
Key project achievements included upgrading a tomato processing plant from 3.1 to 10 metric tonnes per hour and integrating 47,508 smallholder farmers into formal processing value chains. BOI also deployed 100 mini-grids, connecting 11,777 new electricity customers and reducing estimated annual carbon emissions by over 20,000 tonnes.
Through the Investment in Digital and Creative Enterprises initiative, 500 founders were prepared for investment, 100 technology ventures secured funding, and 400 youths underwent training in innovation programmes, impacting over 300,000 Nigerians.
