BOI targets 3m jobs, N1.85tn lending by 2027

The Bank of Industry (BOI) has set ambitious targets to create and sustain three million jobs and increase its annual lending to N1.85 trillion by 2027. This strategy, outlined by the bank's Managing Director Olasupo Olusi during a media engagement in Lagos, aims to expand business financing and strengthen Nigeria's productive sectors, particularly in manufacturing, agriculture, local healthcare, climate-friendly businesses, and technology-driven enterprises.

The bank plans to prioritize sectors capable of boosting local production and reducing import dependence, while also focusing on supporting Micro, Small and Medium Enterprises (MSMEs), women-owned businesses, and youth-led enterprises.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.