RismadarVoice Reporters
February 12, 2026
President Bola Ahmed Tinubu has commended the Bank of Industry (BOI) for disbursing a record N636 billion to businesses in 2025, describing the milestone as evidence that ongoing macroeconomic reforms are strengthening development finance and unlocking capital for productive sectors.
The President, in a statement issued on Thursday by his Special Adviser on Information and Strategy, Bayo Onanuga, said the record financing, the highest annual disbursement in BOI’s history demonstrates the impact of reforms on institutional credibility and economic expansion.
The N636 billion was disbursed to more than 7,000 enterprises nationwide.
A sectoral breakdown shows that N202 billion went to agro-allied enterprises, N100 billion to critical national infrastructure including 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.
According to President Tinubu, the financing directly translated into expanded productive capacity across the country.
“The N636 billion disbursed by the Bank of Industry in 2025 translates directly into productive capacity across Nigeria.
It financed agro-processing expansion, strengthened manufacturing output, supported infrastructure delivery, and empowered thousands of enterprises across our states,” the President said.
“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.”
Disbursement by business size reflected an inclusion-focused approach. Nano enterprises received N51 billion, micro businesses accessed N32 billion, small and medium enterprises received N178 billion, while large enterprises accounted for 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.
The bank’s financing activities contributed to the creation and retention of about 1.6 million jobs, while supporting more than 7,000 MSMEs and 570 startups.
