‘BoI disbursed N645bn to MSMEs in 2025’
The Managing Director of the Bank of Bank of Industry (BoI), Dr. Olasupo Olusi has stated that the Bank disbursed N645 billion to Micro, Small and Medium Enterprises which has impacted about 1.6 million jobs in the country. Dr. Olusi made the disclosure in Abuja on Tuesday at the 3rd BOI 2026 Annual Public Lecture […]
The Bank of Industry (BoI) disbursed a substantial N645 billion to Micro, Small and Medium Enterprises (MSMEs) in 2025, according to Dr. Olasupo Olusi, the Managing Director of BoI. This financial support resulted in the creation of approximately 1.6 million jobs across the country. The BoI's annual lecture, held in Abuja on Tuesday, focused on the theme "Rethinking Capital for Inclusive Economic Transformation".
The event, which began in 2024, aims to facilitate informed conversations on matters impacting Nigeria's industrial growth and economic development. The BoI's strategy emphasizes the need for long-term capital, provision of financing to underserved businesses, leveraging development finance to stimulate private investment, and ensuring measurable economic impact from the deployed funds.
Dr. Olusi's remarks underscore BoI's commitment to spearheading Nigeria's sustainable and inclusive industrial development.
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