President Bola Ahmed Tinubu has praised the Bank of Industry (BOI) for disbursing a record N636 billion to businesses in 2025, the highest annual financing volume in the institution’s history.
In a statement issued Thursday by his Special Adviser on Information and Strategy, Bayo Onanuga, the President described the milestone as evidence that ongoing macroeconomic reforms are strengthening development finance institutions and expanding access to capital for productive sectors.
According to the Presidency, the N636 billion was disbursed to more than 7,000 enterprises nationwide. Agro-allied businesses received N202 billion, while N100 billion went to infrastructure projects including broadband, power, aviation and transportation. Manufacturing secured N79 billion, extractive industries N77 billion and services N55 billion.
BOI also deployed N73 billion in managed and matching funds on behalf of state governments and institutional partners.
“The N636 billion disbursed by the Bank of Industry in 2025 translates directly into productive capacity across Nigeria,” Tinubu said, noting that the financing supported agro-processing, manufacturing expansion, infrastructure delivery and thousands of enterprises. “At a time of global financing constraints, Nigeria expanded access to long-term capital for its businesses.”
Disbursements reflected a focus on inclusion, with nano enterprises receiving N51 billion, micro businesses N32 billion and small and medium-scale enterprises N178 billion. Large enterprises accounted for N375 billion.
Under the Federal Government’s N200 billion MSME intervention programme, BOI achieved over 95 percent performance as the disbursing institution, while the Presidential Conditional Grant Scheme reached 957,400 beneficiaries in 2025.
The Presidency said the bank’s activities contributed to the creation and retention of about 1.6 million jobs. It also supported more than 7,000 MSMEs and 570 startups during the year. Women-owned businesses accessed credit through a N10 billion Guaranteed Loans for Women Programme, while youth enterprises received N12 billion in financing.
BOI further provided N6.5 billion to 880 rural enterprises across the 36 states and the Federal Capital Territory under the Rural Area Programme on Investment for Development. The bank maintained a non-performing loan ratio below 1.5 percent and strengthened its capital base with a €2 billion syndicated facility secured in 2024 and an additional €210 million raised from international partners in 2025.
