BoI Funding for Nigerian MSMEs

The Bank of Industry disbursed N644.9 billion to businesses in 2025, a 26% increase from 2024, supporting 1.68 million jobs. The funding primarily benefited large enterprises and micro, small, and medium-sized enterprises, with significant allocations for women-owned businesses a

The Bank of Industry disbursed N644.9bn in 2025, supporting 1.68 million jobs. Managing Director Mr Olasupo Olusi announced this at a media roundtable, highlighting a 26% increase from 2024 and the bank's focus on MSMEs, infrastructure, and gender financing.

The Bank of Industry, led by Dr. Olasupo Olusi, aims to disburse N1.35 trillion in loans to manufacturers and MSMEs by 2027, focusing on long-term financing. The bank reported a record N645 billion disbursed in 2025, supporting over 12,500 businesses.