President Bola Ahmed Tinubu has praised the Bank of Industry (BOI) for disbursing a record ₦636 billion in loans to Nigerian businesses in 2025, describing the performance as a major boost to economic recovery and industrial growth.
In a statement by the Presidency, Tinubu said the milestone reflects the impact of ongoing economic reforms and the growing effectiveness of development finance institutions in supporting productive sectors amid tight global financial conditions.
The financing reached over 7,000 enterprises nationwide, with key allocations including ₦202 billion to agro-allied businesses, ₦100 billion to critical infrastructure, ₦79 billion to manufacturing, and ₦77 billion to extractive industries. Services and managed funds accounted for the balance.
Tinubu highlighted BOI’s strong support for micro, small and medium enterprises, noting that nearly ₦261 billion went to nano, micro and SME segments. Through the Federal Government’s ₦200 billion MSME intervention programme, BOI recorded over 95 per cent disbursement performance, while the Presidential Conditional Grant Scheme reached almost one million beneficiaries.
The President said BOI’s activities supported an estimated 1.6 million jobs and financed hundreds of startups, helping businesses expand capacity and sustain employment.
He also welcomed BOI’s designation as Nigeria’s first National Implementing Entity to the UN Adaptation Fund, strengthening access to climate finance for industrial and sustainable development projects.
Tinubu reaffirmed his administration’s commitment to expanding access to long-term capital, describing BOI as central to Nigeria’s industrialisation and economic diversification agenda.