BOI Disburses N636bn in 2025, Tinubu Says Reforms Driving Nigeria’s Economic Growth
President Bola Ahmed Tinubu has praised the Bank of Industry (BOI) for achieving a historic N636 billion in loan disbursements in 2025, marking the highest annual financing in the bank’s history. According to his spokesperson, Bayo Onanuga, the President said this milestone validates ongoing macroeconomic reforms and demonstrates how development finance institutions are being strengthened to unlock capital for productive sectors of Nigeria’s economy.
The N636 billion in loans was provided to more than 7,000 enterprises nationwide. Sector breakdowns show that agro-allied businesses received N202 billion, critical infrastructure such as power and broadband got N100 billion, manufacturing secured N79 billion, extractive industries N77 billion, and services N55 billion. Additionally, the bank deployed N73 billion in managed and matching funds on behalf of state governments and institutional partners.
President Tinubu highlighted the tangible impact of these loans, noting that they supported agro-processing expansion, strengthened manufacturing, delivered critical infrastructure, and empowered thousands of enterprises. The disbursement also created and retained around 1.6 million jobs, while initiatives like the Guaranteed Loans for Women Programme and youth-focused financing ensured inclusive access to credit. Small, medium, and nano enterprises collectively received hundreds of billions in financing, reflecting a deliberate strategy to promote broad-based economic growth.
Strategic projects financed by BOI included upgrading tomato processing facilities, linking over 47,000 smallholder farmers to formal value chains, deploying 100 mini-grids to rural communities, and supporting digital and creative enterprises with funding and training. These interventions not only boosted local production but also contributed to sustainability, reducing an estimated 20,000 tonnes of carbon emissions annually.
President Tinubu emphasized that disciplined, measurable development finance is central to Nigeria’s economic transformation. He reaffirmed his administration’s commitment to expanding credit access, consolidating reform gains, and supporting enterprises as part of a long-term strategy for industrialization and inclusive growth. BOI’s recognition as Nigeria’s first National Implementing Entity to the UN Adaptation Fund and its sustainable finance achievements further underline the country’s growing global development finance profile.
source: leadership