Tinubu Hails BOI’s Record N636bn Disbursement As Proof Of Reform Success, Says 1.6 Million Jobs Backed In 2025

President Bola Ahmed Tinubu has praised the Bank of Industry (BOI) for disbursing a historic N636 billion to businesses in 2025, describing the milestone as clear validation of his administration’s economic reform agenda.
The President said the record-breaking financing — the highest annual disbursement in the bank’s history — demonstrates that ongoing macroeconomic reforms are strengthening development finance institutions and unlocking capital for productive sectors of the economy.
The N636 billion was extended to more than 7,000 enterprises nationwide, with N202 billion allocated to agro-allied enterprises, N100 billion to critical infrastructure such as broadband, power, aviation and transportation, N79 billion to manufacturing, N77 billion to extractive industries, and N55 billion to services. An additional N73 billion was deployed in managed and matching funds on behalf of state governments and institutional partners.
According to President Tinubu, the financing has translated directly into expanded productive capacity across Nigeria.
“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,” the President stated.
Disbursement figures reflect what the administration described as a deliberate inclusion strategy. Nano enterprises received N51 billion, micro businesses N32 billion, small and medium enterprises N178 billion, while 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. The Presidential Conditional Grant Scheme reached 957,400 beneficiaries in 2025 alone.
The bank’s activities led to the creation and retention of approximately 1.6 million jobs, while supporting more than 7,000 MSMEs and 570 startups during the year.
Targeted inclusion initiatives also delivered measurable impact. Through the Guaranteed Loans for Women Programme — a N10 billion facility providing up to N50 million per beneficiary — women-owned enterprises expanded access to affordable credit. Youth-owned businesses accessed N12 billion in financing. Meanwhile, 880 rural-based enterprises across the 36 states and the FCT received over N6.5 billion under the Rural Area Programme on Investment for Development.
Strategic interventions included the upgrade of a tomato processing facility from 3.1 metric tonnes per hour to 10 metric tonnes per hour, linking 47,508 smallholder farmers to formal processing value chains. In partnership with global development finance institutions, BOI also supported the deployment of 100 mini-grids, connecting 11,777 new customers to electricity and contributing to an estimated annual reduction of over 20,000 tonnes of carbon emissions.
Under 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.
Despite prevailing macroeconomic headwinds, BOI maintained strong asset quality with a non-performing loan ratio below 1.5 percent. The bank also strengthened its lending capacity through a €2 billion syndicated facility secured in 2024 and an additional €210 million mobilised from international partners in 2025.
President Tinubu further welcomed BOI’s designation as Nigeria’s first National Implementing Entity to the United Nations Adaptation Fund, as well as its recognition for sustainable finance and financial inclusion, noting that the achievements enhance Nigeria’s global development finance standing.
Reaffirming his administration’s commitment to deepening reform, the President said the country’s economic transformation would be anchored on production, value addition and enterprise growth.
“We will continue to crowd in capital, deepen institutional reform, and ensure that access to finance supports real sector expansion across Nigeria,” he said.