Nigeria's Bank of Industry Disburses Record N636 Billion

President Bola Tinubu commended the Nigeria===Bank of Industry (BOI) for disbursing a historic N636 billion to businesses in 2025, marking its highest annual financing volume. This achievement, detailed in a statement by Presidential Spokesperson Bayo Onanuga, signifies that ongoing macroeconomic reforms are strengthening development finance institutions and unlocking capital for productive sectors in Nigeria. The funds were allocated across various sectors, including agro-allied enterprises (N202 billion), infrastructure (N100 billion), manufacturing (N79 billion), extractive industries (N77 billion), and services (N55 billion). The Nigeria===Bank of Industry also deployed N73 billion in managed funds for state governments and institutional partners. The disbursements supported over 7,000 enterprises, leading to the creation and retention of approximately 1.6 million jobs, and assisting over 7,000 MSMEs and 570 startups. The Nigeria===Bank of Industry maintained a strong asset quality with a non-performing loan ratio below 1.5 percent and secured significant international funding. Olasupo Olusi, the Managing Director and CEO of Nigeria===Bank of Industry, highlighted that this milestone aligns with Bola Tinubu's vision for industrialization and inclusive growth in Nigeria. The Nigeria===Bank of Industry was also recognized as Nigeria's first National Implementing Entity to the International===The Adaptation Fund.