BOI's Dr. Olasupo Olusi Drives Industrial Growth in Nigeria

Dr. Olasupo Olusi, the Managing Director and Chief Executive Officer of the Bank of Industry (BOI), is implementing reforms to reposition the bank as a catalyst for industrial growth in Nigeria. His leadership aims to address the urgent need for industrial diversification amid economic pressures.

Under his guidance, BOI has set five thematic priorities, including support for small and medium enterprises (SMEs), digital transformation, youth skill development, gender inclusivity, and climate sustainability. As of February, BOI disbursed a record N636 billion to 7,000 enterprises, the highest in its history, while maintaining a non-performing loan ratio below 1.5%.

This support has directly contributed to the creation of 1.6 million jobs across various sectors. Additionally, BOI has launched initiatives to empower women entrepreneurs, including a N10 billion fund and partnerships with the MTN Foundation to train female-led enterprises.

Olusi's extensive background includes experience with the World Bank and IFC, enhancing BOI's strategic direction.