{
  "id": 16137121,
  "title": "BoI disbursed N644.9bn, created 1.68m jobs in 2025 –MD",
  "url": "https://urgent.news/2026/10/23/boi-disbursed-n644-9bn-created-1-68m-jobs-in-2025-md",
  "topic": "world",
  "section": "World",
  "published": "2026-10-23T01:56:51.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/boi-disbursed-n644-9bn-created-1-68m-jobs-in-2025-md/"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}