BOI Disburses Historic N636bn in 2025, Tinubu Says Reform Agenda Is Working

President Bola Ahmed Tinubu has commended the Bank of Industry (BOI) for disbursing a record N636 billion to more than 7,000 businesses in 2025; the highest annual financing in the bank’s history.

According to a State House statement, N202 billion went to agro-allied enterprises, N100 billion to critical infrastructure such as broadband, power and transportation, N79 billion to manufacturing, N77 billion to extractive industries, and N55 billion to services. An additional N73 billion was deployed as managed and matching funds.

Breakdown by business size shows large enterprises received N375 billion, SMEs N178 billion, nano businesses N51 billion, and micro enterprises N32 billion.

Under the Federal Government’s N200 billion MSME intervention programme, BOI reportedly achieved over 95 percent performance as a disbursing institution, while the Presidential Conditional Grant Scheme reached 957,400 beneficiaries in 2025.

The bank’s financing activities contributed to the creation and retention of about 1.6 million jobs and supported over 7,000 MSMEs and 570 startups.

Inclusive programmes saw women-owned enterprises access funding under a N10 billion facility, while youth-owned businesses received N12 billion. In rural areas, 880 enterprises accessed N6.5 billion across the 36 states and the FCT.

BOI maintained a non-performing loan ratio below 1.5 percent and strengthened its lending capacity with a €2 billion syndicated facility secured in 2024 and €210 million mobilised in 2025.

President Tinubu described the milestone as evidence that ongoing economic reforms are expanding access to long-term capital and supporting industrial growth.