Bola Tinubu Commends BoI for N636bn Loans to 7,000 Firms in 2025

Bola Tinubu, a prominent Nigerian politician, commended the Bank of Industry (BoI) for disbursing a record N636 billion to 7,000 firms in 2025. The funds were allocated to sectors such as agriculture, critical infrastructure, manufacturing, and services nationwide.

The BoI's efforts were lauded for contributing to economic growth, job creation, and industrial development. The disbursement breakdown included N202 billion for agro-allied enterprises, N100 billion for infrastructure like broadband and power, N77 billion for extractive industries, and N55 billion for services.

Tinubu highlighted the importance of the BoI's inclusive strategy, with nano-enterprises receiving N51 billion, micro-businesses N32 billion, small and medium enterprises N178 billion, and large enterprises N375 billion. The BoI's initiatives also supported women-owned enterprises, youth-owned businesses, and rural enterprises.

Despite economic challenges, the BoI maintained a strong asset quality with a non-performing loan ratio below 1.5%. Tinubu emphasized the need for sustained financial inclusion and industrial growth in Nigeria.