President Bola Ahmed Tinubu has formally commended the Bank of Industry (BOI) for achieving its highest annual financing volume in history, disbursing a staggering N636 billion to Nigerian businesses in 2025. This performance, announced in early February 2026, is being hailed as a validation of the administration’s macroeconomic reforms designed to unlock capital for the real sector.
Under the leadership of Dr. Olasupo Olusi (MD/CEO), the bank has transitioned “from strategy to scale,” significantly increasing its impact on industrialization and job creation.
1. Financing Breakdown by Sector
The 2025 disbursement was strategically spread across high-impact sectors to drive productive capacity:
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Agro-Allied: N202 Billion (Largest share, supporting food security and processing).
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Infrastructure: N100 Billion (Broadband, power, aviation, and transportation).
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Manufacturing: N79 Billion.
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Extractive Industries: N77 Billion.
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Services: N55 Billion.
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State/Institutional Funds: N73 Billion (Managed and matching funds).
2. Inclusive Growth: From Nano to Large Enterprises
A key highlight of the 2025 report is the bank’s deliberate inclusion strategy, ensuring that the smallest businesses—often excluded from traditional banking—received significant support.
3. Key 2025 Social & Economic Outcomes
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Job Creation: The bank’s activities led to the creation and retention of approximately 1.6 million jobs.
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MSME Support: Over 7,000 MSMEs and 570 startups received direct financing.
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Women & Youth Empowerment: Dedicated facilities provided N10 billion for women-owned enterprises and N12 billion for youth-led ventures.
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Climate Impact: In a historic first, BOI became Nigeria’s first National Implementing Entity to the UN Adaptation Fund, while its projects contributed to a reduction of 20,000 tonnes of carbon emissions.
4. Institutional Strength & Global Standing
Despite macroeconomic headwinds, the BOI maintained exceptional financial health:
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Asset Quality: Non-performing loan (NPL) ratio remained below 1.5%.
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Capital Mobilization: Secured a €2 billion syndicated facility in late 2024 and an additional €210 million from international partners in 2025.
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Digital Innovation: Through the iDICE program, 500 founders were prepared for investment, and 100 technology ventures were funded.
“The N636 billion disbursed in 2025 translates directly into productive capacity… At a time of global financing constraints, Nigeria expanded access to long-term capital for its businesses.” — President Bola Ahmed Tinubu, February 2026.
