By By Elizabeth Ugbo
President Bola Tinubu has praised the Bank of Industry (BOI) for disbursing a record N636 billion in 2025.
Notably, this marks the highest annual financing in the bank’s history.
According to the President, the achievement reflects the success of his economic reforms.
He shared the commendation through his Special Adviser, Bayo Onanuga, in Abuja on Thursday.
Economic Reforms Drive Stronger Business Financing
Tinubu explained that the funding strengthened Nigeria’s development finance system.
As a result, more businesses now access long-term capital.
Moreover, the reforms improved BOI’s ability to support key economic sectors nationwide.
Agro-Allied Sector Receives Largest Share
Agro-processing businesses received the highest allocation of N202 billion.
Meanwhile, infrastructure projects secured N100 billion.
Manufacturing firms followed with N79 billion.
Similarly, extractive industries got N77 billion.
Service-based businesses received N55 billion.
In addition, BOI deployed N73 billion through matching and managed funds.
Over 7,000 Businesses Benefit Nationwide
The funding reached more than 7,000 enterprises across Nigeria.
Large companies received N375 billion.
Small and medium enterprises secured N178 billion.
Nano businesses got N51 billion.
Micro enterprises received N32 billion.
Consequently, the interventions created and protected 1.6 million jobs.
Also, BOI supported 570 startups during the year.
Government MSME Programmes Record High Performance
Under the N200 billion MSME intervention scheme, BOI achieved over 95 percent disbursement.
Furthermore, the Presidential Conditional Grant Scheme reached 957,400 beneficiaries in 2025.
Women, Youths, and Rural Businesses Get Targeted Support
Women entrepreneurs accessed loans under the N10 billion women financing programme.
Meanwhile, youth-owned businesses received N12 billion in funding.
Additionally, 880 rural enterprises benefited from N6.5 billion development investments.
Strategic Projects Boost Infrastructure and Innovation
BOI funded the expansion of a major tomato processing plant.
It also supported 100 solar mini-grids serving over 11,700 customers.
Moreover, digital innovation programmes empowered young tech founders.
BOI Maintains Strong Financial Health
The bank kept its non-performing loan ratio below 1.5 percent.
At the same time, it secured international funding to expand lending capacity.
Tinubu Reaffirms Commitment to Economic Growth
President Tinubu reaffirmed his dedication to boosting credit access nationwide.
He stressed that funding remains vital for industrial growth.
Ultimately, the goal is inclusive and sustainable economic development.
