By Kizito Ozoemena | February 15, 2026
The Bank of Industry (BOI) has achieved a record-breaking N636 billion in loan disbursement to businesses in 2025, with President Bola Ahmed Tinubu hailing the institution’s “strong performance” as evidence of the success of his administration’s economic reform agenda.
According to a statement by Bayo Onanuga, Special Adviser to the President (Information and Strategy), the N636 billion was disbursed to over 7,000 enterprises nationwide, with key sectors benefiting from the funding including agro-allied enterprises (N202 billion), critical national infrastructure (N100 billion), manufacturing (N79 billion), extractive industries (N77 billion), and services (N55 billion).
The President attributed the milestone to the government’s macroeconomic reforms, which have strengthened development finance institutions and unlocked capital for productive sectors of the economy. He noted that the disbursement has translated into productive capacity across Nigeria, financing agro-processing expansion, strengthening manufacturing output, and empowering thousands of enterprises.
The BOI’s financing activities have also led to the creation and retention of approximately 1.6 million jobs, with the bank supporting over 7,000 MSMEs and 570 startups in 2025. Inclusive financing initiatives have also recorded a measurable impact, with women-owned enterprises and youth-owned enterprises accessing N10 billion and N12 billion in financing, respectively.
The BOI’s achievements in 2025 include upgrading a tomato processing facility from 3.1 metric tonnes per hour to 10 metric tonnes per hour, linking 47,508 smallholder farmers to formal processing value chains, and supporting the deployment of 100 mini-grids, connecting 11,777 new customers to electricity.
The bank’s efforts have also 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.
President Tinubu noted that BOI maintained strong asset quality, recording a non-performing loan ratio below 1.5 per cent despite macroeconomic headwinds. He 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.
The President reaffirmed his administration’s resolve to consolidate reform gains and expand credit access to enterprises, adding that “development finance must be disciplined, measurable, and aligned with national priorities.”
He 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.
