President Bola Tinubu has commended the Bank of Industry (BoI) for disbursing a record N636 billion in loans to businesses in 2025, describing the milestone as the highest annual financing volume in the institution’s history.
Tinubu said the performance was concrete evidence that his administration’s macroeconomic reforms were strengthening development finance institutions and unlocking capital for productive sectors of the economy.
A statement issued yesterday by his Special Adviser on Information and Strategy, Bayo Onanuga, said the N636 billion was disbursed to more than 7,000 enterprises nationwide.
A breakdown of the financing showed that N202 billion was allocated to agro-allied enterprises, while N100 billion went to critical national infrastructure, including broadband, power, aviation and transportation.
Manufacturing received N79 billion, extractive industries N77 billion and services N55 billion.
The BoI also deployed N73 billion in managed and matching funds on behalf of state governments and institutional partners.
“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.
“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 said.
Disbursement by business size reflected what the Presidency described as an inclusion strategy, with nano enterprises receiving N51 billion, micro businesses N32 billion, SMEs N178 billion, while large enterprises accounted for N375 billion.
Under the Federal Government’s N200 billion MSME intervention programme, BOI recorded over 95 per cent performance as the disbursing institution. The Presidential Conditional Grant Scheme also reached 957,400 beneficiaries in 2025 alone.
The statement said BOI’s financing activities led to the creation and retention of about 1.6 million jobs, while the bank supported more than 7,000 MSMEs and 570 startups during the year.
It added that women-owned enterprises expanded access to affordable credit through the Guaranteed Loans for Women Programme, a N10 billion facility offering up to N50 million per beneficiary, while youth-owned enterprises received N12 billion in financing.
The Presidency said the bank also supported 880 rural-based enterprises across the 36 states and the FCT with over N6.5 billion under the Rural Area Programme on Investment for Development.
Tinubu noted that BoI maintained strong asset quality, recording a non-performing loan ratio below 1.5 per cent despite macroeconomic headwinds.
He also acknowledged the €2 billion syndicated facility secured in 2024 and an additional €210 million mobilised from international partners in 2025.
The President welcomed BoI’s designation as Nigeria’s first National Implementing Entity to the United Nations Adaptation Fund and its recognition for sustainable finance and financial inclusion.
“Development finance must be disciplined, measurable, and aligned with national priorities. What we are witnessing is the transition from strategy to scale,” Tinubu said.
He 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.
