BOI Disburses Historic N636bn as Tinubu Links Performance to Economic Reforms

President Bola Ahmed Tinubu has commended the Bank of Industry (BOI) for disbursing N636 billion to businesses in 2025 — the highest annual financing volume in the institution’s history — describing the achievement as validation of his administration’s economic reform agenda.

The President said the milestone demonstrates that ongoing macroeconomic reforms are strengthening development finance institutions and unlocking capital for productive sectors of the Nigerian economy.

According to official figures, the N636 billion was disbursed to more than 7,000 enterprises nationwide. Sectoral allocation shows that N202 billion went to agro-allied enterprises, N100 billion to critical national infrastructure — including broadband, power, aviation, and transportation — N79 billion to manufacturing, N77 billion to extractive industries, and N55 billion to services.

An additional N73 billion was deployed in managed and matching funds on behalf of state governments and institutional partners.

“The N636 billion disbursed by the Bank of Industry in 2025 translates directly into productive capacity across Nigeria,” President Tinubu said. “At a time of global financing constraints, Nigeria expanded access to long-term capital for its businesses. That is a direct outcome of reform, credibility, and institutional discipline.”

Inclusion Strategy and MSME Support

Disbursement by business size reflects what the administration described as a deliberate inclusion strategy.

• Nano enterprises received N51 billion.
• Micro businesses accessed N32 billion.
• Small and medium enterprises (SMEs) obtained N178 billion.
• Large enterprises accounted for N375 billion.

Under the Federal Government’s N200 billion MSME intervention programme, BOI recorded over 95 percent performance as the disbursing institution. The Presidential Conditional Grant Scheme reached 957,400 beneficiaries in 2025 alone.

BOI’s financing activities also resulted in the creation and retention of approximately 1.6 million jobs, while more than 7,000 MSMEs and 570 startups were supported during the year.

Targeted Financing for Women, Youth and Rural Enterprises

Inclusive financing initiatives recorded measurable impact across demographics.

• Through the Guaranteed Loans for Women Programme, a N10 billion gender-focused facility providing up to N50 million per beneficiary, women-owned enterprises gained improved access to affordable credit.
• Youth-owned enterprises accessed N12 billion in financing.
• Under the Rural Area Programme on Investment for Development, 880 rural enterprises across the 36 states and the FCT received over N6.5 billion.

Strategic and Sustainable Interventions

BOI’s 2025 interventions included 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 value chains.

The bank also supported the deployment of 100 mini-grids in partnership with global development finance institutions, connecting 11,777 new customers to electricity. BOI-financed projects contributed to an estimated annual reduction of over 20,000 tonnes of carbon emissions.

Under 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 targeting over 300,000 Nigerians.

Strong Asset Quality and Global Recognition

President Tinubu noted that BOI maintained strong asset quality, recording a non-performing loan ratio below 1.5 percent, despite macroeconomic challenges.

He also acknowledged the €2 billion syndicated facility secured in 2024 and an additional €210 million mobilised from international partners in 2025, which strengthened the bank’s lending capacity.

The President 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, describing the achievements as boosting Nigeria’s global development finance standing.

“Development finance must be disciplined, measurable, and aligned with national priorities,” Tinubu said. “What we are witnessing is the transition from strategy to scale. Our economic transformation will be built on production, value addition, and enterprise growth.”

He reaffirmed his administration’s commitment to consolidating reform gains and expanding access to credit as part of a long-term strategy to accelerate industrialisation and inclusive economic growth.