Tinubu lauds Bank of Industry for N636bn disbursements to businesses, boosting economy

*Nigerian President Bola Ahmed Tinubu hails the Bank of Industry, describing its sterling performance as ‘the milestone as concrete evidence that ongoing macroeconomic reforms are strengthening development finance institutions and unlocking capital for productive sectors of the economy’

Isola Moses | ConsumerConnect

For recording its highest annual financing volume since its establishment, President Bola Ahmed Tinubu, GCFR, has commended the Bank of Industry (BoI) for achieving total N636 billion in loan disbursements to businesses 2025.

President Tinubu described the milestone as concrete evidence, that the current administration’s ongoing macroeconomic reforms are strengthening development finance institutions and unlocking capital for productive sectors of the Nigerian economy.

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The President affirmed the Bank disbursed N636 billion to over 7,000 enterprises across the country in the past year.

According to the government, a further breakdown of the baking institution’s financing showed that N202 billion was allocated 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.

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Aside from these, the Bank deployed N73 billion in managed and matching funds on behalf of state governments and institutional partners.

In his remarks on the BoI performance 2025, Mr. Bayo Onanuga, Special Adviser to the President on Information and Strategy, Thursday, February 12, 2026, stated President Tinubu explained: “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 Nigerian leader further 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.”

Further analysis of BoI’s disbursements to businesses 2025

The statement also noted that disbursement by business size reflected a deliberate inclusion strategy. Nano enterprises received N51 billion. Micro businesses accessed N32 billion.

The Federal Government said Small and Medium Enterprises (SMEs) received N178 billion in financing, while large enterprises accounted for N375 billion.

Under the Federal Government’s N200 billion MSME intervention programme, BoI recorded over 95 percent performance as the disbursing institution.

The Presidential Conditional Grant Scheme reached 957,400 beneficiaries in 2025 alone.

Besides, BoI’s financing activities led to the creation and retention of approximately 1.6 million jobs. The bank supported more than 7,000 MSMEs and 570 startups during the year.

Inclusive financing initiatives also recorded a measurable impact. Through the Guaranteed Loans for Women Programme, a N10 billion gender-focused facility providing up to N50 million per beneficiary, women-owned enterprises expanded access to affordable credit.

Youth-owned enterprises received N12 billion in financing.

Under the Rural Area Programme on Investment for Development, 880 rural-based enterprises across the 36 states and the FCT accessed over N6.5 billion.

On BoI’s strategic interventions in economy

Under the BoI 2025 disbursement, strategic interventions included upgrading a tomato processing facility from 3.1 metric tonnes per hour to 10 metric tonnes per hour and linking 47,508 Smallholder Farmers (SHFs) to formal processing value chains.

The bank also supported the deployment of 100 mini-grids in partnership with global development finance institutions, connecting 11,777 new customers to electricity.

BoI-financed projects 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 were trained through innovation initiatives targeting over 300,000 Nigerians.

President Tinubu further noted that BoI maintained strong asset quality, recording a non-performing loan ratio below 1.5 percent despite macroeconomic headwinds.

He likewise acknowledged the €2 billion syndicated facility secured 2024, and the €210 million additional fund mobilised from international partners last year, which strengthened the Bank’s lending capacity.

“Development finance must be disciplined, measurable, and aligned with national priorities.

“What we are witnessing is the transition from strategy to scale. Our economic transformation will be built on production, value addition, and enterprise growth.

“We will continue to crowd in capital, deepen institutional reform, and ensure that access to finance supports real sector expansion across Nigeria,” President Tinubu stated.

He, therefore, welcomed BoI’s designation as Nigeria’s first National Implementing Entity to the United Nations Adaptation Fund and the Bank’s recognition for sustainable finance and financial inclusion.

The President as well described its achievements as strengthening Nigeria’s global development finance standing.

President Tinubu reaffirmed his administration’s resolve to consolidate reform gains, and expand credit access to enterprises as part of a long-term strategy to accelerate industrialisation and inclusive economic growth in Nigeria.

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