{
  "id": 16151751,
  "title": "BOI Targets N1.35trn Loan Disbursement in 2027, Eyes 10-year Long Term Financing for Manufacturers, MSMEs",
  "url": "https://urgent.news/2026/10/23/boi-targets-n1-35trn-loan-disbursement-in-2027-eyes-10-year-long-term",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-23T03:42:41.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/10/23/boi-targets-n1-35trn-loan-disbursement-in-2027-eyes-10-year-long-term-financing-for-manufacturers-msmes/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "• 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",
  "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."
}