Bola Tinubu Commends BOI for N636bn Business Loan Disbursements in 2025

Bola Tinubu, a prominent Nigerian politician, praised the Bank of Industry (BOI) for reaching a milestone of N636 billion in business loan disbursements in 2025. The disbursements were allocated to sectors such as agriculture, critical national infrastructure, manufacturing, extractive industries, and services.

The BOI's initiatives supported over 7,000 enterprises nationwide, leading to the creation and retention of approximately 1.6 million jobs. Notable projects included upgrading processing facilities for agriculture, deploying mini-grid partnerships for electrification, and investing in digital and creative enterprises.

Tinubu highlighted the significance of the BOI's efforts in driving economic growth, enhancing access to long-term capital, and supporting the real sector. Despite economic challenges, the BOI maintained a strong asset quality with a non-performing loan ratio below 1.5%.

The institution's strategic interventions aligned with national priorities and aimed to transform and diversify the economy.