Tinubu hails BOI disbursement
President Bola Ahmed Tinubu has praised the Bank of Industry (BOI) for disbursing a record N636 billion to Nigerian businesses in 2025, describing the milestone as a major boost to enterprise growth, job creation and economic transformation.
The President’s commendation came in a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, who said the achievement demonstrated the positive impact of ongoing economic reforms and strengthened development finance institutions across the country.
Tinubu hails BOI disbursement as the highest annual financing volume in the bank’s history, noting that the funds directly supported productive sectors and expanded Nigeria’s industrial capacity.
According to the statement, the N636 billion disbursed by BOI reached more than 7,000 enterprises nationwide, spanning multiple sectors critical to Nigeria’s economic development.
The President said the funding enabled businesses to expand operations, invest in infrastructure and contribute to national economic growth.
“The N636bn disbursed by the Bank of Industry translates directly into productive capacity across Nigeria,” Tinubu said, adding that the funds supported manufacturing, agro-processing, infrastructure development and enterprise expansion.
Tinubu hails BOI disbursement as evidence that Nigeria’s reform-driven economic policies are beginning to unlock access to long-term financing for businesses despite global economic uncertainties.
A breakdown of the financing showed that agro-allied enterprises received the largest share of N202 billion, reflecting the government’s priority on strengthening food security and agricultural value chains.
https://ogelenews.ng/tinubu-hails-boi-disbursement
Infrastructure projects—including broadband, power, aviation and transportation—received N100 billion, while manufacturing companies accessed N79 billion to support industrial production.
Extractive industries received N77 billion, and the services sector obtained N55 billion, highlighting the broad distribution of funds across Nigeria’s economic sectors.
Tinubu hails BOI disbursement as a strategic intervention that strengthened enterprise capacity and supported Nigeria’s transition toward production-driven growth.
By business size, large enterprises accounted for N375 billion of the total disbursement, while small and medium-sized enterprises received N178 billion. Micro and nano enterprises collectively accessed over N83 billion, reinforcing BOI’s focus on inclusive financing.
The bank also supported 570 startups and thousands of micro, small and medium enterprises (MSMEs), contributing significantly to job creation and economic inclusion.
Tinubu hails BOI disbursement as a major driver of employment, noting that the financing helped create and retain approximately 1.6 million jobs nationwide.
The President said development finance institutions such as BOI play a critical role in enabling businesses to access affordable long-term capital, which is essential for economic growth and industrialisation.
He noted that Nigeria’s economic transformation depends on strengthening productive sectors, expanding enterprise capacity and promoting innovation.
Tinubu hails BOI disbursement as a clear indication that government reforms are yielding tangible results, particularly in expanding access to finance and supporting private sector growth.
The President also highlighted the bank’s support for inclusive financing programmes, including initiatives targeting women-owned and youth-owned enterprises.
Through the Guaranteed Loans for Women Programme, women entrepreneurs gained increased access to affordable financing, while youth-owned businesses received additional funding to support innovation and entrepreneurship.
Rural enterprises also benefited from BOI’s interventions, with hundreds of businesses across Nigeria gaining access to capital to expand operations and improve productivity.
Tinubu hails BOI disbursement as an important step toward reducing unemployment, strengthening small businesses and accelerating Nigeria’s industrial development.
He said the achievement reflects growing confidence in Nigeria’s financial system and demonstrates the effectiveness of policy reforms aimed at improving investment and enterprise development.
Analysts say the Bank of Industry plays a vital role in Nigeria’s economic framework by providing financing that commercial banks may be unable or unwilling to offer, particularly for long-term industrial projects.
They note that development finance institutions are essential to supporting sectors such as manufacturing, agriculture and infrastructure, which require significant capital investment.
Tinubu hails BOI disbursement as part of a broader strategy to expand Nigeria’s productive capacity and reduce reliance on imports by strengthening local industries.
He emphasised that sustained investment in enterprise financing would help drive economic diversification, promote innovation and improve national competitiveness.
As Nigeria continues to pursue economic reforms, the Bank of Industry’s record disbursement is expected to contribute significantly to enterprise development and long-term economic stability.
For businesses across Nigeria, access to affordable financing remains critical to growth, innovation and job creation.
Tinubu hails BOI disbursement as a major milestone in Nigeria’s economic journey, signalling progress toward a stronger, more resilient and enterprise-driven economy.
https://thewhistler.ng/tinubu-lauds-boi-disbursing-n636bn-loans-to-7000-businesses
