Bank of Industry Disburses N644.9bn, Creates 1.68m Jobs
The Bank of Industry (BoI) disbursed a record N644.9bn to businesses in 2025, marking a 26% increase from the N510.9bn released in 2024, and created or supported 1.68 million jobs. Mr Olasupo Olusi, the Managing Director/Chief Executive Officer of BoI, shared these details at a media roundtable in Lagos.
The funds reached 12,501 businesses, with large enterprises receiving 59%, small and medium enterprises 29%, nano businesses 7%, and micro businesses 5%. The bank's 2025 Annual Development Impact Report indicated that MSMEs received 41% of the funding, surpassing the 35% target.
BoI's strategy includes six thematic areas, focusing on MSME finance, infrastructure, and gender. In 2025, BoI deployed over N108bn in infrastructure projects, including 100 mini-grids.
The bank raised fresh long-term capital, including a €1.879bn syndicated facility in 2024 and €210m in 2025. Olusi expressed optimism for exceeding 2025's impact in 2026.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
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