President Bola Tinubu has commended the Bank of Industry for disbursing N636bn to businesses in 2025, describing the figure as the highest annual financing volume in the institution’s history.
The President, in a statement issued on Thursday by his Special Adviser on Information and Strategy, Bayo Onanuga, said the milestone validated his administration’s economic reform agenda.
According to him, the record disbursement demonstrated that ongoing macroeconomic reforms were strengthening development finance institutions and unlocking capital for productive sectors.
Tinubu said, “The N636bn disbursed by the Bank of Industry in 2025 translates directly into prod
Tinubu hails BOI over N636bn disbursement to businesses
Stephen Angbulu, Abuja
President Bola Tinubu has commended the Bank of Industry (BOI) for disbursing N636bn to businesses in 2025, describing the figure as the highest annual financing volume in the institution’s history.
The President, in a statement issued on Thursday by his Special Adviser on Information and Strategy, Bayo Onanuga, said the milestone validated his administration’s economic reform agenda.
According to him, the record disbursement demonstrated that ongoing macroeconomic reforms were strengthening development finance institutions and unlocking capital for productive sectors.
Tinubu said, “The N636bn disbursed by the Bank of Industry in 2025 translates directly into productive capacity across Nigeria.
“It financed agro-processing expansion, strengthened manufacturing output, supported infrastructure delivery, and empowered thousands of enterprises across our states.
“At a time of global financing constraints, Nigeria expanded access to long-term capital for its businesses. That is a direct outcome of reform, credibility, and institutional discipline.”
A breakdown of the financing showed that agro-allied enterprises received the largest share at N202bn.
Critical national infrastructure, including broadband, power, aviation, and transportation, accounted for N100bn, while manufacturing received N79bn. Extractive industries got N77bn and services N55bn. The bank also deployed N73bn in managed and matching funds on behalf of state governments and institutional partners.
The funds reached more than 7,000 enterprises nationwide. By business size, large enterprises accounted for N375bn, small and medium enterprises received N178bn, nano enterprises got N51bn, and micro businesses accessed N32bn.
BOI’s financing activities led to the creation and retention of approximately 1.6 million jobs, according to the statement. The bank supported over 7,000 MSMEs and 570 startups during the year.
Under the Federal Government’s N200bn 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.
Inclusive financing initiatives also recorded a measurable impact.
Through the Guaranteed Loans for Women Programme, a N10bn gender-focused facility providing up to N50m per beneficiary, women-owned enterprises expanded their access to affordable credit. Youth-owned enterprises received N12bn in financing. Under the Rural Area Programme on Investment for Development, 880 rural-based enterprises across the 36 states and the FCT accessed over N6.5bn.
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.
The bank also supported the deployment of 100 mini-grids in partnership with global development finance institutions, connecting 11,777 new customers to electricity. BOI-financed projects contributed 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.
Tinubu noted that BOI maintained strong asset quality, recording a non-performing loan ratio below 1.5 per cent despite macroeconomic headwinds.
He acknowledged the €2bn syndicated facility secured in 2024 and the additional €210m mobilised from international partners in 2025, which strengthened the bank’s lending capacity.
“Development finance must be disciplined, measurable, and aligned with national priorities.
“What we are witnessing is the transition from strategy to scale.
“Our economic transformation will be built on production, value addition, and enterprise growth,” the President said.
Tinubu also welcomed BOI’s designation as Nigeria’s first National Implementing Entity to the United Nations Adaptation Fund, describing the achievement as strengthening Nigeria’s global development finance standing.
He reaffirmed his administration’s resolve to consolidate reform gains and expand credit access to enterprises as part of a long-term strategy to accelerate industrialisation and inclusive economic growth.
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