President Bola Tinubu has commended the Bank of Industry (BOI) for disbursing a record N636bn to businesses in 2025, describing it as the highest annual financing volume in the bank’s history.
In a statement by his Special Adviser on Information and Strategy, Bayo Onanuga, the President said the milestone reflects the impact of ongoing macroeconomic reforms and strengthened development finance institutions.
According to Tinubu, the funding expanded agro-processing, boosted manufacturing, supported infrastructure delivery and empowered thousands of enterprises nationwide despite global financing constraints.
A breakdown shows agro-allied businesses received N202bn; infrastructure projects N100bn; manufacturing N79bn; extractive industries N77bn; and services N55bn. The bank also deployed N73bn in managed and matching funds.
More than 7,000 enterprises benefited, with large firms receiving N375bn, SMEs N178bn, nano businesses N51bn and micro enterprises N32bn. BOI’s interventions reportedly created or sustained about 1.6 million jobs.
Under the N200bn MSME intervention scheme, BOI achieved over 95 per cent performance, while the Presidential Conditional Grant Scheme reached 957,400 beneficiaries in 2025.
The bank also advanced inclusive financing, disbursing N10bn to women-owned businesses, N12bn to youth enterprises and over N6.5bn to 880 rural enterprises. It maintained a non-performing loan ratio below 1.5 per cent.
Tinubu described the achievement as evidence of disciplined development finance aligned with national priorities, reaffirming his administration’s commitment to expanding credit access and accelerating industrialisation.
