President says BOI’s N636bn disbursement to 7,000 businesses validates reforms and strengthens Nigeria’s productive capacity.
President Bola Tinubu has commended the Bank of Industry (BOI) for disbursing a record N636 billion in loans to businesses in 2025, describing the achievement as validation of his administration’s economic reform agenda.
The N636 billion, the highest annual financing volume in the institution’s history, was disbursed to more than 7,000 enterprises nationwide.
A breakdown of the financing shows that N202 billion was allocated 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. In addition, N73 billion was deployed in managed and matching funds on behalf of state governments and institutional partners.
Disbursement by business size reflected an inclusion strategy. Nano enterprises received N51 billion, micro businesses accessed N32 billion, small and medium enterprises received N178 billion, while large enterprises accounted for N375 billion.
Under the Federal Government’s N200 billion MSME intervention programme, BOI recorded over 95 per cent performance as the disbursing institution. The Presidential Conditional Grant Scheme reached 957,400 beneficiaries in 2025 alone.
BOI’s financing activities also led to the creation and retention of approximately 1.6 million jobs. The bank supported more than 7,000 MSMEs and 570 startups during the year.
Through the Guaranteed Loans for Women Programme, a N10 billion facility offering up to N50 million per beneficiary, women-owned enterprises expanded access to affordable credit. Youth-owned enterprises received N12 billion in financing, while 880 rural-based enterprises 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. BOI also supported the deployment of 100 mini-grids in partnership with global development finance institutions, connecting 11,777 new customers to electricity and contributing 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 targeting over 300,000 Nigerians.
In a statement issued on Thursday by his Adviser on Information and Strategy, Bayo Onanuga, Tinubu described the milestone as concrete evidence that macroeconomic reforms are strengthening development finance institutions and unlocking capital for productive sectors.
“The N636 billion disbursed by the Bank of Industry in 2025 translates directly into productive capacity across Nigeria,” the President said, adding that Nigeria expanded access to long-term capital at a time of global financing constraints.
Tinubu noted that BOI maintained strong asset quality, recording a non-performing loan ratio below 1.5 per cent, and acknowledged the €2 billion syndicated facility secured in 2024 alongside an additional €210 million mobilised from international partners in 2025.
He said development finance must be disciplined and aligned with national priorities, stressing that Nigeria’s economic transformation would be driven by production, value addition and enterprise growth.
The President 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.
Tinubu reaffirmed his administration’s commitment to expanding credit access and consolidating reform gains to accelerate industrialisation and inclusive growth.