ENUGU, Nigeria (VOICE OF NAIJA)- President Bola Ahmed Tinubu has commended the Bank of Industry (BOI) for disbursing N636 billion to businesses in 2025, describing it as the highest annual financing volume in the bank’s history.
The President said the milestone demonstrates that ongoing macroeconomic reforms are strengthening development finance institutions and expanding access to capital for productive sectors.
According to figures released, the N636 billion was disbursed to over 7,000 enterprises nationwide. Of the total amount, N202 billion went to agro-allied enterprises, N100 billion to critical infrastructure such as broadband, power, aviation and transportation, N79 billion to manufacturing, N77 billion to extractive industries and N55 billion to services.
An additional N73 billion was deployed in managed and matching funds on behalf of state governments and institutional partners.
Tinubu said the disbursement translated into expanded productive capacity across Nigeria, supporting agro-processing, manufacturing, infrastructure delivery and enterprise growth despite global financing constraints.
The distribution reflected what officials described as an inclusion strategy: Nano enterprises: N51 billion, Micro businesses: N32 billion, Small and medium enterprises: N178 billion, and Large enterprises: N375 billion.
Under the Federal Government’s N200 billion MSME intervention programme, BOI reportedly achieved over 95 per cent performance as the disbursing institution. The Presidential Conditional Grant Scheme reached 957,400 beneficiaries in 2025.
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The bank’s activities were said to have contributed to the creation and retention of about 1.6 million jobs. More than 7,000 MSMEs and 570 startups received support during the year.
Through the Guaranteed Loans for Women Programme, a N10 billion facility offering up to N50 million per beneficiary, women-owned businesses expanded access to affordable credit. Youth-owned enterprises accessed N12 billion in financing.
Under the Rural Area Programme on Investment for Development, 880 rural enterprises across the 36 states and the FCT received more than N6.5 billion.
Strategic projects financed included the upgrade of a tomato processing facility from 3.1 metric tonnes per hour to 10 metric tonnes per hour, linking over 47,000 smallholder farmers to formal value chains.
The bank also supported the deployment of 100 mini-grids, connecting nearly 12,000 new customers to electricity, and contributed to an estimated annual reduction of over 20,000 tonnes of carbon emissions.
Through the Investment in Digital and Creative Enterprises programme, 500 founders were prepared for investment, 100 technology ventures received funding and 400 youths received innovation training.
Tinubu noted that BOI maintained a non-performing loan ratio below 1.5 per cent despite macroeconomic pressures. He also referenced the €2 billion syndicated facility secured in 2024 and an additional €210 million mobilised from international partners in 2025 to boost lending capacity.
He further welcomed BOI’s designation as Nigeria’s first National Implementing Entity to the United Nations Adaptation Fund, describing it as a boost to the country’s global development finance standing.
The President reaffirmed his administration’s commitment to deepening reforms, expanding credit access and building an economy anchored on production, value addition and enterprise growth.