The Bank of Industry (BOI) recorded its largest-ever annual financing performance in 2025, disbursing a total of ₦636 billion to more than 7,000 businesses nationwide. The institution said this in its year-end impact report.
The record funding has been credited with supporting enterprise growth, boosting jobs and reinforcing key sectors of the Nigerian economy.
Record Funding Across Key Sectors
According to BOI figures, the ₦636 billion was strategically channeled into diverse sectors critical for economic diversification and industrial development, including:
- Agro-allied businesses: ₦202 billion
- Critical infrastructure (broadband, power, aviation, transportation): ₦100 billion
- Manufacturing: ₦79 billion
- Extractive industries: ₦77 billion
- Services sector: ₦55 billion
- Managed & matching funds with states and partners: ₦73 billion
The disbursement underscores BOI’s expanding role as Nigeria’s leading development finance institution. In addition, BOI is financing traditional industries and high-impact sectors such as ICT, power, and the creative economy. This links capital to emerging economic opportunities.
Financial Inclusion and Enterprise Support
The allocation was designed with inclusion in mind, spanning enterprises of all sizes:
- Nano enterprises: ₦51 billion
- Micro businesses: ₦32 billion
- Small & medium enterprises (SMEs): ₦178 billion
- Large firms: ₦375 billion
Under government-linked programmes, BOI acted as the main disburser for the ₦200 billion MSME intervention scheme, achieving over 95 % performance, and the Presidential Conditional Grant Scheme which alone reached 957,400 beneficiaries in 2025.
Job Creation and Development Impact
The bank’s financing activities helped create and retain approximately 1.6 million jobs. Furthermore, they supported more than 7,000 MSMEs and 570 start-ups nationwide, according to the report.
Beyond capital injections, BOI-supported interventions included:
- Upgrading a tomato processing facility’s capacity from 3.1 to 10 metric tonnes per hour.
- Linking 47,508 smallholder farmers to formal value chains.
- Supporting deployment of 100 mini-grids, expanding electricity access for 11,777 new customers and cutting an estimated 20,000 tonnes of CO₂ emissions annually.
Focused Financing for Inclusion and Innovation
Special financing initiatives saw targeted support:
- A ₦10 billion Guaranteed Loans for Women Programme, offering up to ₦50 million per beneficiary.
- ₦12 billion in youth-focused loans.
- Over ₦6.5 billion extended to 880 rural enterprises across Nigeria’s 36 states and the FCT under the Rural Area Programme on Investment for Development.
- Through the Investment in Digital and Creative Enterprises programme, approximately 500 founders were prepared for investment, 100 tech ventures funded, and 400 youths trained.
Government Praise and Economic Reform Linkage
President Bola Ahmed Tinubu praised the achievement as a validation of ongoing macroeconomic reforms aimed at strengthening Nigeria’s development finance architecture and expanding long-term credit access. He noted that the performance demonstrates institutional discipline, credibility, and the ability to unlock capital even amid global financing challenges.
The President also acknowledged BOI’s strengthened global position, including its designation as Nigeria’s first National Implementing Entity to the United Nations Adaptation Fund and multiple recognitions for sustainable finance and inclusion.
