President Bola Tinubu has commended the Bank of Industry (BOI) for disbursing a record N636 billion to businesses in 2025, describing the achievement as validation of his administration’s economic reform agenda.
In a State House press release by his Special Adviser on Information and Strategy, Bayo Onanuga, the President said the milestone, the highest annual financing volume in the bank’s history, demonstrates that ongoing macroeconomic reforms are strengthening development finance institutions and unlocking capital for productive sectors.
According to him, the record disbursement shows how macroeconomic reforms are boosting development finance institutions and mobilizing capital for productive industries.
Tinubu said, “The N636 billion disbursed by the Bank of Industry in 2025 translates directly into productive capacity across Nigeria. It financed agro-processing expansion, strengthened manufacturing output, supported infrastructure delivery, and empowered thousands of enterprises across our states.
“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.”
A breakdown of the financing showed that agro-allied enterprises received the largest share at N202 billion. Critical national infrastructure, including broadband, power, aviation, and transportation, accounted for N100 billion, while manufacturing received N79 billion.
Extractive industries got N77 billion and services N55 billion. The bank also deployed N73 billion in managed and matching funds on behalf of state governments and institutional partners.
The funds reached more than 7,000 enterprises nationwide. By business size, large enterprises accounted for N375 billion, small and medium enterprises received N178 billion, nano enterprises got N51 billion, and micro businesses accessed N32 billion.
BOI’s financing activities led to the creation and retention of approximately 1.6 million jobs, supporting over 7,000 MSMEs and 570 startups during the year.
Under the Federal Government’s N200 billion MSME intervention programme, BOI recorded over 95 per cent performance as the disbursing institution, while the Presidential Conditional Grant Scheme reached 957,400 beneficiaries in 2025 alone.
Inclusive financing initiatives also recorded a measurable impact. Through the Guaranteed Loans for Women Programme, a N10 billion gender-focused facility providing up to N50 million per beneficiary, women-owned enterprises expanded their access to affordable credit.
Youth-owned enterprises received N12 billion in financing, while 880 rural-based enterprises across the 36 states and the FCT accessed over N6.5 billion under the Rural Area Programme on Investment for Development.
Strategic interventions included upgrading a tomato processing facility from 3.1 metric tonnes per hour to 10 metric tonnes per hour and linking 47,508 smallholder farmers to formal processing value chains.
The bank also supported 100 mini-grids, connecting 11,777 new customers to electricity and contributing 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, reaching over 300,000 Nigerians.
President Tinubu highlighted BOI’s strong financial performance, noting a non-performing loan ratio below 1.5 per cent, and acknowledged the €2 billion syndicated facility secured in 2024 and an additional €210 million mobilised from international partners in 2025.
“Development finance must be disciplined, measurable, and aligned with national priorities. What we are witnessing is the transition from strategy to scale. Our economic transformation will be built on production, value addition, and enterprise growth,” the President said.
He also 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.
