The Bank of Industry (BOI) stated it should expand financing for agriculture, native healthcare manufacturing and digital companies in 2027.
The financial institution acknowledged this because it seeks to consolidate the good points of its 2025–2027 company technique and strengthen Nigeria’s industrial improvement.
The financial institution’s Managing Director and Chief Executive Officer, Olasupo Olusi, disclosed the plan on Thursday at a gathering in Lagos, the place he outlined the financial institution’s priorities for the ultimate yr of the technique.
Mr Olusi stated BOI would work with the Federal Ministry of Industry, Trade and Investment on the National Industrial Finance Compact to entice extra long-term capital into Nigeria’s industrial sector.
He additionally stated the financial institution would deploy its new European Investment Bank amenities to agriculture and native healthcare manufacturing to enhance home manufacturing of meals and medicines.
The funding consists of €85 million secured from the European Investment Bank for agriculture and one other €50 million for healthcare manufacturing in 2026, as a part of greater than €2.2 billion in new funding the financial institution has secured for Nigerian business since 2024.
READ ALSO: BOI supports 1.68m jobs as lending rises 26% to ₦644.9 billion
“We will deploy our new European Investment Bank facilities into agriculture and local healthcare manufacturing, so that Nigeria produces more of the food and medicines it consumes,” he stated.
The financial institution additionally plans to expand its info and communications expertise (ICT) and digital economic system portfolio via the Investment in Digital and Creative Enterprises (iDICE) programme.
Mr Olusi stated the initiatives fashioned a part of the financial institution’s efforts to consolidate its achievements and meet the targets of its 2025–2027 company technique.
“2027 is the final year of our strategy, and our task is to consolidate and meet every target we set,” the BOI boss, Mr Olusi, stated.
BOI stated it disbursed N644.9 billion in 2025, reaching 12,501 companies and supporting 1.68 million jobs.
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