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Tinubu Hails Bank of Industry Over N636bn Disbursement in 2025, Says It Validates Reform Agenda
President Bola Ahmed Tinubu has praised the Bank of Industry (BOI) for disbursing a record N636 billion to businesses in 2025, describing the milestone as clear proof that his administration’s economic reforms are yielding measurable results.
The N636 billion represents the highest annual financing volume in BOI’s history, with over 7,000 enterprises nationwide benefiting from the intervention.
Where the Money Went
A breakdown of the 2025 disbursement shows strategic allocation across critical sectors:
- N202 billion – Agro-allied enterprises
- N100 billion – Infrastructure (broadband, power, aviation, transportation)
- N79 billion – Manufacturing
- N77 billion – Extractive industries
- N55 billion – Services
- N73 billion – Managed and matching funds for states and institutional partners
The President said the figures translate directly into increased productivity, industrial expansion, and national development.
“At a time of global financing constraints, Nigeria expanded access to long-term capital for its businesses. That is a direct outcome of reform, credibility, and institutional discipline,” Tinubu stated.
Support Across Business Sizes
The disbursement reflected a deliberate inclusion strategy:
- Nano enterprises: N51 billion
- Micro businesses: N32 billion
- Small & Medium Enterprises (SMEs): N178 billion
- Large enterprises: N375 billion
Under the Federal Government’s N200 billion MSME intervention programme, BOI achieved over 95% performance as the disbursing institution.
The Presidential Conditional Grant Scheme reached 957,400 beneficiaries in 2025 alone.
Women, Youth & Rural Inclusion
BOI’s inclusive financing initiatives delivered measurable impact:
- N10 billion Guaranteed Loans for Women Programme (up to N50m per beneficiary)
- N12 billion for youth-owned enterprises
- N6.5 billion disbursed to 880 rural enterprises across 36 states and FCT
The interventions strengthened women-led businesses, empowered youth entrepreneurs, and expanded rural economic participation.
1.6 Million Jobs Impacted
BOI’s financing activities contributed to the creation and retention of approximately 1.6 million jobs in 2025.
The bank supported:
- Over 7,000 MSMEs
- 570 startups
- 47,508 smallholder farmers linked to formal value chains
- 100 mini-grids deployed, connecting 11,777 new electricity customers
BOI-financed projects also reduced an estimated 20,000 tonnes of carbon emissions annually, aligning with sustainability goals.
Boost for Digital & Creative Economy
Through the Investment in Digital and Creative Enterprises Programme:
- 500 founders were prepared for investment
- 100 technology ventures received funding
- 400 youths were trained
- Innovation initiatives targeted over 300,000 Nigerians
Strong Financial Discipline
Despite macroeconomic challenges, BOI maintained a non-performing loan ratio below 1.5%, reflecting strong asset quality.
The bank also strengthened its lending capacity through:
- A €2 billion syndicated facility secured in 2024
- An additional €210 million mobilised from international partners in 2025
Reform is Delivering Results – Tinubu
President Tinubu described the performance as validation of his administration’s macroeconomic reform agenda.
“Development finance must be disciplined, measurable, and aligned with national priorities,” the President said.
He maintained that strengthened institutions like BOI are key to unlocking capital, boosting productivity, and sustaining economic growth.
The N636 billion disbursement signals an aggressive push to drive industrial growth, SME expansion, and inclusive financing under the current administration.
While the figures are historic, stakeholders say sustained impact will depend on implementation, monitoring, and continued macroeconomic stability.
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