The Bank of Industry (BOI) stated it disbursed N644.9 billion to 12,501 companies in 2025, a 26 per cent enhance from N510.9 billion in 2024.
The intervention supported 1.68 million jobs underneath its 2025–2027 technique to drive industrial improvement in Nigeria.
BOI’s Managing Director and CEO, Olasupo Olusi, disclosed this on Thursday at a gathering in Lagos.
Mr Olusi defined that after he assumed workplace, the financial institution launched into a three-year technique to spearhead Nigeria’s sustainable and inclusive industrial improvement from 2025 to 2027.
The BOI boss defined that the financial institution aimed to obtain its ambition by means of tailor-made choices to underserved and high-impact enterprise segments.
“Our 2X ambition meant to double our loan book, disbursements and impact instruments along these areas within three years,” Mr Olusi stated.
The financial institution’s technique consists of six thematic areas to be pursued over the three years. The first theme consists of MSME finance, with a dedication to allocate 35 per cent of the financial institution’s funding to MSMEs.
The financial institution additionally goals to give attention to infrastructure by dedicating 1 / 4 of all its credit score to financing infrastructure, energy, transport and logistics to decrease the price of doing enterprise.
It additionally goals to help underserved and youth-owned companies. BOI stated it will direct no less than 15 per cent of its financing to women-owned companies whereas concentrating on 20 per cent of its SME disbursements to youth-owned or youth-run companies.
BOI additionally funds clear power, climate-resilient companies and the round financial system, with 10 per cent of its portfolio disbursements devoted to the sector.
Moreover, to make the most of the Fourth Industrial Revolution, BOI additionally devoted 15 per cent of its disbursements to the digital financial system sector.
“We are delivering the strategy in three phases. 2025 was our foundation year, when we put in place the governance, frameworks, products and digital tools the strategy needs. 2026 is the year of execution at scale, and 2027 is the year we consolidate our results and meet our targets,” Mr Olusi stated.
Strategy’s midpoint
The lender stated its technique was working, as it was set to consolidate its targets by 2027.
In 2025, BOI stated it disbursed N644.9 billion, the best quantity the financial institution has ever disbursed, a 26 per cent enhance on the N510.9 billion disbursed in 2024.
The lender stated the financing reached 12,501 companies and created or supported 1.68 million jobs.
BOI stated it disbursed N120.9 billion to women-owned companies alone, whereas MSMEs obtained 41 per cent of its 2025 funding, above its 35 per cent goal.
Also, women-owned and youth-owned companies obtained 20 per cent every, in opposition to the financial institution’s minimal targets of 15 per cent and 20 per cent, respectively.
In infrastructure, the financial institution stated it deployed over N108 billion, together with financing 100 mini-grids to energy companies and households, as nicely as broadband web connectivity for over 700 communities.
“We also achieved our disbursement targets for climate and digital financing. For 2026, we are set to exceed our 2025 impact,” Mr Olusi stated on the assembly with enterprise editors.
To ship its technique and guarantee inclusion throughout the Nigerian financial system, the financial institution stated it will prioritise 5 grouped sectors to obtain its targets.
The prioritised sectors embody agro-manufacturing, different manufacturing, infrastructure, extractive industries and providers.
Capital for Nigeria’s industrial wants
To present the long-term capital Nigeria’s industries want to finance operations, BOI stated it secured greater than €2.2 billion and ₦250 billion in new funding for Nigerian trade over three years.
“Investors have placed this money with us because they trust our governance, our pipeline and our results,” Mr Olusi stated.
The funding transactions embody a €1.879 billion syndicated facility in 2024, named Syndicated Loan Deal of the Year; €210 million from worldwide improvement companions in 2025; and a N250 billion improvement bond in 2026, which was oversubscribed.
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The funding additionally consists of €85 million from the European Investment Bank for agriculture in 2026 and €50 million for healthcare manufacturing in 2026.
The BOI boss added that the federal authorities had additionally entrusted the financial institution with its N200 billion intervention, comprising a N50 billion Presidential Conditional Grant Scheme, a N75 billion MSME Intervention Fund and a N75 billion Manufacturing Sector Fund.
“We have delivered greater than 95 per cent of it, reaching 957,400 grant beneficiaries, 9,000 MSMEs and 104 giant producers. Our attain extends nicely past the cities.
“Through our RAPID programme, we disbursed N6.5 billion to 880 rural enterprises throughout all 36 states and the FCT, supporting greater than 8,000 jobs.
“We financed 100 mini-grids that connected 11,777 households and businesses to electricity, many of them for the first time. We also disbursed about N213 billion to agro-allied businesses and linked 47,508 smallholder farmers to processors,” Mr Olusi defined.
BOI stated it was working with the Federal Ministry of Industry, Trade and Investment on the National Industrial Finance Compact to deliver extra long-term capital into trade.
It stated it will deploy its new European Investment Bank amenities into agriculture and native healthcare manufacturing in order that Nigeria might produce extra of the meals and medicines it consumes.
It additionally promised to develop its ICT and digital financial system portfolio utilizing the iDICE programme.
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