Bank of Industry Disburses ₦644.9bn, Supports 1.68m Jobs

The Bank of Industry disbursed a record ₦644.9bn to businesses in 2025, marking a 26.2 percent increase from ₦510.9bn in 2024, while creating or supporting 1.68 million jobs. Olasupo Olusi, the Managing Director and Chief Executive Officer of BoI, disclosed these figures on October 23 during a media roundtable with business editors in Lagos, referencing the bank’s 2025 Annual Development Impact Report.

The funds reached 12,501 businesses across various sectors, with large enterprises receiving 59 percent of disbursements. Micro, small, and medium-sized enterprises collectively received 41 percent of the funding, surpassing the bank's 35 percent target.

Women-owned businesses received ₦120.9bn, and both women-led and youth-led businesses accounted for 20 percent of total funding. Additionally, BoI allocated over ₦108bn to infrastructure projects, including 100 mini-grids that connected 11,777 households and businesses to electricity.

The bank's lending is organized across 15 priority sectors, with a focus on manufacturing and infrastructure for job creation and economic output.