BOI Targets N1.35trn Loan Disbursement in 2027, Eyes 10-year Long Term Financing for Manufacturers, MSMEs
• Attained N645bn disbursement in 2025, funded 25% of manufacturing GDP, 6.5% agriculture lending Dike Onwuamaeze Managing Director/Chief Executive Officer of Bank of Industry (BOI), Dr. Olasupo Olusi, has announced
In 2027, Bank of Industry (BOI) aims to disburse N1.35 trillion in loans to manufacturers and Micro, Small, and Medium Enterprises (MSMEs). Dr. Olasupo Olusi, BOI's Managing Director/Chief Executive Officer, revealed this during a meeting with media partners. BOI disbursed N645 billion in 2025, a 26% increase from the N510 billion disbursed in 2024, and currently serves 12,500 more businesses, helping to create or support 1.6 million jobs.
The bank allocates 6.5% of its loans to agriculture and 25% to manufacturing, which contributes to 25% of the manufacturing GDP. In 2025, MSMEs received over 41% of BOI's funding, followed by a 20% allocation to youths and women, each meeting or exceeding the bank's 15% and 10% targets, respectively.
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