President Bola Tinubu has commended the Bank of Industry (BoI) for the disbursement of N636 billion to more than 7,000 enterprises nationwide, in 2025.
Tinubu said that the performance was concrete evidence that his administration’s macroeconomic reforms were strengthening development finance institutions and unlocking capital for productive sectors of the economy.
Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, said that BOI’s financing activities led to the creation and retention of about 1.6 million jobs, while the bank supported more than 7,000 MSMEs and 570 startups during the year.
It added that women-owned enterprises expanded access to affordable credit through the Guaranteed Loans for Women Programme, a N10 billion facility offering up to N50 million per beneficiary, while youth-owned enterprises received N12 billion in financing.
A breakdown of the financing showed that N202 billion was allocated to agro-allied enterprises, while N100 billion went to critical national infrastructure, including broadband, power, aviation and transportation. Manufacturing received N79 billion, extractive industries N77 billion and services N55 billion.
