Nigeria Bank of Industry Record Loan
Analysis based on 8 articles · First reported Feb 12, 2026 · Last updated Feb 13, 2026
The record N636 billion loan disbursement by the Bank of Industry is expected to significantly boost Nigeria's productive capacity, particularly in agro-allied, manufacturing, and infrastructure sectors, leading to job creation and economic growth. This positive development validates the economic reform agenda of President Bola Tinubu and strengthens the Bank of Industry's standing in development finance.
President Bola Tinubu commended the Bank of Industry (BOI) for disbursing a record N636 billion in loans to over 7,000 businesses across Nigeria in 2025, marking the highest annual financing volume in the institution's history. This achievement is seen as concrete evidence that ongoing macroeconomic reforms are strengthening development finance institutions and unlocking capital for productive sectors of the economy. The disbursements included N202 billion for agro-allied enterprises, N100 billion for critical national infrastructure, N79 billion for manufacturing, N77 billion for extractive industries, and N55 billion for services. The Bank of Industry's financing activities led to the creation and retention of approximately 1.6 million jobs, supporting thousands of MSMEs and startups. The Bank of Industry also maintained a strong asset quality with a non-performing loan ratio below 1.5 percent and secured significant international funding, including a €2 billion syndicated facility in 2024 and an additional €210 million in 2025. President Bola Tinubu welcomed the Bank of Industry's designation as Nigeria's first National Implementing Entity to the United Nations, reinforcing Nigeria's global development finance standing.
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