7,000 Enterprises Receive Historic N636bn Support From Bank Of Industry

The Bank of Industry (BoI) disbursed a record N636 billion to businesses across Nigeria in 2025, marking the highest annual financing volume in its history, the development finance institution said Wednesday.
According to BoI’s 2025 impact report, the funds reached over 7,000 businesses spanning manufacturing, agribusiness, micro, small and medium enterprises (MSMEs), infrastructure, power, ICT, and the creative sector.
BoI said the milestone reflects its transition “from strategy to scale” under the 2025–2027 transformation agenda, which prioritises balance sheet strengthening, operational efficiency, and financing aligned with national economic and industrial priorities. The bank achieved this performance despite global macroeconomic pressures that widened financing gaps.
Sectoral allocations included N202 billion to agro-allied enterprises, N100 billion to infrastructure, N79 billion to manufacturing, N77 billion to extractive industries, and N55 billion to services.
The disbursements were partly backed by a €2 billion syndicated facility secured at the end of 2024, the federal government’s N200 billion MSME loans and grants scheme, and an additional €210 million mobilised in 2025 from international partners. BOI also deployed N73 billion in managed and matching funds for states and institutional partners.
Inclusive financing remained a priority. BoI highlighted its N10 billion Guaranteed Loans for Women (GLOW) programme, which provides up to N50 million per beneficiary. Youth-owned enterprises received N12 billion, while the Rural Area Programme on Investment for Development (RAPID) supported 880 rural enterprises with over N6.5 billion across the 36 states and the FCT.
The bank said its interventions created or retained 1.6 million jobs, supported over 7,000 new MSMEs, and funded 570 startups. Strategic initiatives included upgrading a tomato processing facility from 3.1 metric tonnes to 10 metric tonnes per hour, linking 47,508 smallholder farmers to processing facilities, and deploying 100 mini-grids to connect 11,777 new customers to electricity.
Under the federal government’s N200 billion intervention programme, BoI achieved over 95 per cent performance as the disbursing entity, while the presidential conditional grant scheme reached 957,400 beneficiaries in 2025.
BoI also strengthened its institutional standing, becoming Nigeria’s first national implementing entity to the United Nations Adaptation Fund and the first DFI in the country to achieve privacy information management system certification. The bank won multiple awards, including Best Bank for Sustainable Finance in Nigeria 2025, Best Company in Financial Inclusion, and Best Company in Infrastructure Development at the SERAS awards.
Commenting on the milestone, BoI managing director and CEO Olasupo Olusi said.
“Achieving over N600 billion in loan disbursements to our customers in 2025 is a significant milestone for the Bank of Industry, aligning with President Tinubu’s vision to drive industrialisation, economic diversification, and inclusive growth across Nigeria. Beyond this milestone, our performance demonstrates BoI’s continued commitment to supporting enterprises, creating jobs, and strengthening the nation’s industrial base.”