President Bola Tinubu has praised the Bank of Industry for disbursing N636bn to businesses in 2025, describing it as the highest annual financing volume in the institution’s history.
In a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, the President said the milestone validated his administration’s economic reform agenda. He noted that the record disbursement reflected the strengthening of development finance institutions and the unlocking of capital for productive sectors despite global financing constraints.
According to Tinubu, the N636bn translated directly into expanded productive capacity across Nigeria. He said the funds supported agro processing, boosted manufacturing output, strengthened infrastructure delivery, and empowered thousands of enterprises nationwide.
A breakdown of the financing showed that agro allied enterprises received N202bn, the largest share. Infrastructure projects 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.
More than 7000 enterprises benefited from the intervention. Large enterprises accounted for N375bn, small and medium enterprises received N178bn, nano enterprises got N51bn, and micro businesses accessed N32bn. The financing activities reportedly created or retained about 1.6 million jobs.
Inclusive initiatives also made significant impact. Women owned businesses accessed funding through a N10bn facility, youth enterprises received N12bn, and rural enterprises across the 36 states and the FCT benefited from targeted investments.
Tinubu highlighted BOI’s strong asset quality, with a non performing loan ratio below 1.5 percent, and reaffirmed his administration’s commitment to expanding credit access, accelerating industrialisation, and driving inclusive economic growth.
Leave a comment