BoI disbursed N644.9bn, created 1.68m jobs in 2025 –MD

The Bank of Industry (BoI) disbursed a record N644.9bn to businesses across various sectors in 2025, a 26% increase from the N510.9bn released in 2024, and created or supported 1.68 million jobs. The Managing Director/CEO of BoI, Mr Olasupo Olusi, announced this at a media roundtable in Lagos, revealing that the funds reached 12,501 businesses.

Large enterprises received 59% of the total, small and medium enterprises 29%, nano businesses 7%, and micro businesses 5%. The bank is halfway through its 2025-2027 Corporate Strategy, aimed at doubling its loan book, disbursements, and impact instruments within three years. MSMEs received 41% of the 2025 funding, while women-owned businesses got N120.9bn, and women and youth businesses received 20% each.

In infrastructure, BoI deployed over N108bn, including 100 mini-grids that connected 11,777 households and businesses to electricity.

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