President Bola Tinubu has commended the Bank of Industry (BOI) for disbursing a record N636 billion in loans to businesses in 2025, describing the feat as validation of his administration’s economic reform agenda.
The President said the disbursement, the highest in the bank’s history, demonstrated that macroeconomic reforms were strengthening development finance institutions and unlocking long-term capital for Nigeria’s productive sectors.
According to figures released by the Presidency on Wednesday, the N636 billion was extended to more than 7,000 enterprises across the country. Of the total, N202 billion went to agro-allied enterprises, N100 billion to critical national infrastructure such as broadband, power, aviation and transportation, N79 billion to manufacturing, N77 billion to extractive industries, and N55 billion to the services sector. An additional N73 billion was deployed through managed and matching funds on behalf of state governments and institutional partners.
President Tinubu said the financing translated into expanded productive capacity, stronger manufacturing output, improved infrastructure delivery and wider enterprise empowerment nationwide.
“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,” he said.
Disbursement by enterprise size showed a focus on inclusion, with nano enterprises receiving 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, while the Presidential Conditional Grant Scheme reached 957,400 beneficiaries in 2025.
The Presidency said BOI’s activities supported the creation and retention of about 1.6 million jobs, benefiting more than 7,000 MSMEs and 570 startups. Women-owned enterprises accessed credit through a N10 billion Guaranteed Loans for Women Programme, while youth-owned businesses received N12 billion in financing. In rural areas, 880 enterprises across the 36 states and the FCT accessed over N6.5 billion.
Highlighting sectoral impact, the President noted that BOI-backed interventions included upgrading a tomato processing facility from 3.1 to 10 metric tonnes per hour, linking over 47,000 smallholder farmers to value chains, and deploying 100 mini-grids that connected nearly 12,000 new customers to electricity. BOI-financed projects also contributed to an estimated annual reduction of over 20,000 tonnes of carbon emissions.
Tinubu further praised the bank’s asset quality, with a non-performing loan ratio below 1.5 per cent, and acknowledged the €2 billion syndicated facility secured in 2024, alongside an additional €210 million mobilised from international partners in 2025.
He also 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 profile.
The President reaffirmed his administration’s commitment to deepening reforms, expanding credit access and driving industrialisation and inclusive economic growth.