President Bola Ahmed Tinubu has commended the Bank of Industry (BOI) for achieving a landmark N636 billion in loan disbursements to Nigerian businesses throughout 2025.
This figure represents the highest annual financing volume in the institution’s history, a feat the President described as concrete evidence that ongoing macroeconomic reforms are successfully strengthening development finance and unlocking capital for the real sector.
The massive capital injection reached more than 7,000 enterprises nationwide, significantly boosting productive capacity across various industries. Agro-allied enterprises received the largest share of the funding with N202 billion, while N100 billion was allocated to critical national infrastructure including broadband, power, aviation, and transportation.
Other major beneficiaries included the manufacturing sector with N79 billion, extractive industries with N77 billion, and the services sector with N55 billion. In addition to direct lending, the Bank deployed N73 billion in managed and matching funds on behalf of state governments and institutional partners.
President Tinubu highlighted that this disbursement strategy was built on deliberate inclusion, reaching businesses of all sizes to ensure widespread economic impact.
Large enterprises accounted for N375 billion of the total, while small and medium enterprises accessed N178 billion. Micro and nano-enterprises were not left behind, receiving N32 billion and N51 billion respectively.
Under the Federal Government’s MSME intervention program, the BOI recorded a 95 percent performance rate, with the Presidential Conditional Grant Scheme alone reaching nearly one million beneficiaries in 2025.
Beyond financial metrics, the bank’s activities facilitated the creation and retention of approximately 1.6 million jobs.
Specific social impact initiatives also saw measurable growth, such as the N10 billion gender-focused facility for women-owned businesses and N12 billion for youth-owned enterprises.
Furthermore, the bank’s commitment to rural development saw 880 rural-based enterprises across the 36 states and the FCT access over N6.5 billion in funding.
Strategic technical interventions were a hallmark of the 2025 operations, including the upgrading of major tomato processing facilities and linking over 47,000 smallholder farmers to formal value chains.
The bank also partnered with global development finance institutions to deploy 100 mini-grids, connecting nearly 12,000 new customers to electricity and contributing to a significant reduction in carbon emissions.
Despite prevailing macroeconomic headwinds, the Bank of Industry maintained exceptional asset quality, recording a non-performing loan ratio below 1.5 per cent.
The President attributed this stability to disciplined development finance and the bank’s success in mobilizing over €2.2 billion from international partners over the last two years.
As Nigeria’s first National Implementing Entity to the United Nations Adaptation Fund, the BOI’s role in sustainable finance continues to strengthen the country’s standing in the global financial community.