President Tinubu Applauds BOI’s Historic N636 Billion Disbursement to Businesses in 2025

President Tinubu Applauds BOI’s Historic N636 Billion Disbursement to Businesses in 2025
Data from BOI indicate that the N636 billion facility reached more than 7,000 enterprises across the country
President Tinubu lauded BOI for its commitment to inclusive financing

President Bola Ahmed Tinubu has praised the Bank of Industry (BOI) for a record-breaking N636 billion in disbursements to Nigerian businesses in 2025, describing it as the highest annual lending performance in the institution’s history and a testament to ongoing economic reforms strengthening the country’s development finance framework, Eko Hot Blog reports.

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According to the President, the scale of financing reflects improved institutional discipline and macroeconomic stability, unlocking long-term capital for enterprises and productive sectors nationwide.

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Data from BOI indicate that the N636 billion facility reached more than 7,000 enterprises across the country. Sectoral allocation included N202 billion for agro-allied businesses, N100 billion for critical infrastructure such as broadband, electricity, aviation, and transportation, N79 billion to manufacturing, N77 billion to extractive industries, and N55 billion to services. Additionally, BOI deployed N73 billion in managed and matching funds on behalf of state governments and institutional partners.

President Tinubu emphasised that these interventions led to tangible outcomes, including expanded agro-processing capacity, stronger manufacturing output, enhanced infrastructure, and increased enterprise activity nationwide. He highlighted that widening access to long-term finance amid global capital tightening underscores the credibility of Nigeria’s economic reform programme.

President Tinubu Applauds BOI’s Historic N636 Billion Disbursement to Businesses in 2025 — President Tinubu

Enterprise-level Financing:

Nano businesses: N51 billion
Micro enterprises: N32 billion
SMEs: N178 billion
Large firms: N375 billion

Under the Federal Government’s N200 billion MSME intervention scheme, BOI achieved over 95% performance as the primary disbursing institution. The Presidential Conditional Grant Scheme also benefited 957,400 Nigerians in 2025.

BOI’s interventions supported the creation and retention of 1.6 million jobs, assisted over 7,000 MSMEs, and funded 570 start-ups. Targeted programmes included:

Guaranteed Loans for Women Programme: N10 billion, loans up to N50 million per beneficiary
Youth-owned enterprises: N12 billion
Rural enterprises: N6.5 billion for 880 projects

Key Project Achievements:

Upgraded tomato processing plant from 3.1 to 10 metric tonnes per hour
Integrated 47,508 smallholder farmers into formal processing value chains
Deployed 100 mini-grids, connecting 11,777 new electricity customers and reducing annual carbon emissions by over 20,000 tonnes
Investment in Digital and Creative Enterprises initiative: 500 founders prepared for investment, 100 technology ventures funded, 400 youths trained, impacting over 300,000 Nigerians

President Tinubu lauded BOI for its commitment to inclusive financing, noting that these strategic interventions are vital for sustaining growth, supporting job creation, and driving economic transformation in Nigeria.