The president described the milestone as concrete evidence that ongoing macroeconomic reforms were strengthening development finance institutions and unlocking capital for productive sectors of the economy.

The N636 billion was disbursed to more than 7,000 enterprises nationwide.

A breakdown of the financing shows that N202 billion was allocated to agro-allied enterprises, N100 billion to critical national infrastructure, including broadband, power, aviation, and transportation, N79 billion to manufacturing, N77 billion to extractive industries, and N55 billion to services.

In addition, the Bank deployed N73 billion in managed and matching funds on behalf of state governments and institutional partners.

According to President Tinubu, “The N636 billion disbursed by the Bank of Industry in 2025 translates directly into productive capacity across Nigeria. It financed agro-processing expansion, strengthened manufacturing output, supported infrastructure delivery, and empowered thousands of enterprises across our states.

“At a time of global financing constraints, Nigeria expanded access to long-term capital for its businesses. That is a direct outcome of reform, credibility, and institutional discipline.”

Disbursement by business size reflects a deliberate inclusion strategy.

Nano enterprises received N51 billion.

Micro businesses accessed N32 billion.

Small and medium enterprises received N178 billion in financing, while large enterprises accounted for N375 billion.

Under the Federal Government’s N200 billion MSME intervention programme, BOI recorded over 95 per cent performance as the disbursing institution.

The Presidential Conditional Grant Scheme reached 957,400 beneficiaries in 2025 alone.

In addition, BOI’s financing activities led to the creation and retention of approximately 1.6 million jobs.

The bank supported more than 7,000 MSMEs and 570 startups during the year.

Inclusive financing initiatives also recorded a measurable impact.

Through the Guaranteed Loans for Women Programme, a N10 billion gender-focused facility providing up to N50 million per beneficiary, women-owned enterprises expanded access to affordable credit.

Youth-owned enterprises received N12 billion in financing.

Under the Rural Area Programme on Investment for Development, 880 rural-based enterprises across the 36 states and the FCT accessed over N6.5 billion.

Under the BOI 2025 disbursement, strategic interventions included upgrading a tomato processing facility from 3.1 metric tonnes per hour to 10 metric tonnes per hour and linking 47,508 smallholder farmers to formal processing value chains.

The bank also supported the deployment of 100 mini-grids in partnership with global development finance institutions, connecting 11,777 new customers to electricity.

BOI-financed projects contributed to an estimated annual reduction of over 20,000 tonnes of carbon emissions.

Through the Investment in Digital and Creative Enterprises programme, 500 founders were prepared for investment, 100 technology ventures received funding, and 400 youths were trained through innovation initiatives targeting over 300,000 Nigerians.

The president further noted that BOI maintained strong asset quality, recording a non-performing loan ratio below 1.5 per cent despite macroeconomic headwinds.

He also acknowledged the €2 billion syndicated facility secured in 2024 and the additional €210 million mobilised from international partners in 2025, which strengthened the Bank’s lending capacity.

President Tinubu added, “Development finance must be disciplined, measurable, and aligned with national priorities. What we are witnessing is the transition from strategy to scale. Our economic transformation will be built on production, value addition, and enterprise growth. We will continue to crowd in capital, deepen institutional reform, and ensure that access to finance supports real sector expansion across Nigeria.”

The president also welcomed BOI’s designation as Nigeria’s first National Implementing Entity to the United Nations Adaptation Fund and its recognition for sustainable finance and financial inclusion, describing these achievements as strengthening Nigeria’s global development finance standing.

President Tinubu reaffirmed his administration’s resolve to consolidate reform gains and expand credit access to enterprises as part of a long-term strategy to accelerate industrialisation and inclusive economic growth.

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Speaking on Friday at the 2025 WorldStage Economic Summit (WES), the BoI boss represented by Lanre Babalola, Group Head, Climate Finance and Sustainability, Bank of Industry said this year’s theme of WES 2025 -Tackling the Issue of Low Productivity in Nigeria—is both relevant and urgent.

Recognising that BOI could not act alone, he said the country needed infrastructure that supported industry, policies that reduced bottlenecks, universities that produced industry-ready talent, and private sector collaboration that accelerated innovation.

“No single institution—not even BOI—can solve this independently. But together, we can create an ecosystem where every Nigerian business has a fair chance to thrive,” he said.

“That is why gatherings like this summit are critical. They enable us to step back, reflect on the root causes of our productivity challenges, and design solutions anchored in data, collaboration, and practical experience. Today is an opportunity for us to ask the tough questions: How do we move from exporting raw materials to producing high-value products? How do we strengthen supply chains and reduce leakages? How do we modernize our MSMEs, the backbone of our economy? How do we build a workforce equipped for the demands of a modern, innovation-driven world?”

As he encouraged bold and collaborative thinking, he said “Nigeria’s story is one of resilience, creativity, and immense potential. Our people are not afraid of hard work. What they need is the enabling environment to convert that hard work into prosperity.

“At the Bank of Industry, we remain committed to being a strong and reliable partner in this journey. We are ready to innovate, to collaborate, and to continue investing in enterprises that can transform our economy from one of consumption to one of production.

“Productivity is the engine that powers national prosperity. It is what transforms effort into outcomes, ideas into industries, and talent into tangible progress.”

He said at the Bank of Industry, the conversation was not abstract as every day they interfaced with the real faces behind Nigeria’s productivity challenge.

“We see the factory owner who can only run one shift instead of three because of power issues. We see the agro-processor who cannot expand because they lack modern equipment. We see the small business with incredible demand but inadequate working capital. We see young Nigerians with brilliant ideas but limited access to skills, mentorship, or finance,” he said.

“These are not just statistics; these are the people we serve. And that is why, for us at BOI, improving productivity is a mission, not a metric. It is at the heart of why we exist.”

He spoke about the mandate of BoI to catalyze domestic production, create jobs, and enhance industrial competitiveness being fundamentally about unlocking productivity across sectors.

“Whether through long-term financing, structured working capital, credit guarantees, cluster support, or technology adoption, our goal is consistent: to help Nigerian enterprises work better, produce more, and compete smarter,” he said.

“Over the years, we have seen the transformative impact that targeted financing can have when it is combined with technical support and an enabling environment. We have supported manufacturers who now export, agro-processors who have doubled capacity, local brands that have replaced imports, and MSMEs who have grown from micro-level operations into structured businesses employing dozens. These successes affirm that Nigerians are not unproductive; they are simply under-enabled.

“This is why BOI continues to strengthen our interventions along key thematic areas—Climate & Sustainability, Youth & Skills, Digital Economy, MSMEs, Infrastructure, and Gender.”

He listed the positive impacts  of the themes as lever for productivity in form of ; When we promote renewable energy solutions, we reduce operating costs and strengthen industrial uptime; When we invest in technology and digital capabilities, we improve efficiency and unlock new business models; When we empower youth with skills, we create a workforce that can compete in the industries of the future; When we support women-led businesses, we expand national output and tap into an underutilized segment of the economy.

The Bank of Industry therefore advised that the WES’  convening should be used as a turning point—a moment “where we move from diagnosing the problem to scaling the solutions. The time for productivity-led growth is now, and BOI stands ready to support it every step of the way.”

He commended the organisers for sustaining this important platform for dialogue and policy reflection—one that continues to gather some of the brightest minds in business, government, academia, and development.

Other speakers at the summit held at the Nigerian Exchange, Lagos include Mr. Olanipekun Olukoyede, Executive Chairman, Economic and Financial Crimes Commission (EFCC) and Dr Abidemi Adegboye, Ph.D (Economics), Lecturer at University of Lagos.

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