The Bank of Industry (BoI) has unveiled its achievement in its maiden 2025 Annual Development Impact Report.
The Managing Director of the BoI, Dr. Olasupo Olusi, described the year as a defining moment in Nigeria’s banking history.
Olusi, at the unveiling of the report on Thursday in Abuja, said 2025 marked the first full year of executing BoI’s 2025-2027 Corporate Strategy.
According to him, it is also the year the institution deliberately shifted from measuring success by disbursement volumes to measuring the development impact created.
He disclosed that the bank disbursed a total of N644.9 billion to nano, micro, small, medium, and large enterprises across Nigeria in the year under review.
He said: “Over 30 percent of the financing went to nano and MSMEs, while more than 20 percent was directed to gender and youth-focused enterprises to ensure inclusive growth.
“The interventions translated into a job impact of 1.68 million jobs, comprising direct, indirect and supported jobs across value chains nationwide.
“Financing cut across 14 industrial sectors in line with Nigeria’s industrialisation priorities.”
The MD said that BOI strengthened value chains, expanded access to finance, and invested in critical infrastructure to enhance national productivity and competitiveness.
Olusi said the interventions translated into tangible impact.
“Most importantly, our interventions translated into tangible impact by supporting millions of jobs, reducing carbon emission, strengthening digital and other infrastructure, and empowering women and youth,” he said.
According to him, B0I exceeded its 2025 targets across six thematic priorities: Infrastructure, MSMEs, Digital, Youth, Gender, and Climate.
He said that the bank strengthened value chains, expanded access to finance, and invested in critical infrastructure to enhance productivity and competitiveness.
He said BoI’s nationwide presence was key to delivery, with 37 offices in 34 states enabling capital deployment in urban and underserved areas.
The bank also achieved over 95 percent disbursement as the implementation agency for the Federal Government’s N200 billion MSME industrialisation Fund.
The Managing Director announced new programmes launched in 2025 to address specific gaps.
He listed them to include the Rural Area Programme on Investment for Development, RAPID, Guaranteed Loan for Women, GLOW, and iDICE programme for digital and creative enterprises.
He noted BoI’s role in strategic national projects, with over N35 billion for broadband rollout, N30.6 billion for power infrastructure, and over N20 billion for aviation upgrades.
He said that these underscored the bank’s contribution to productivity enablers and emission reduction.
To reinforce accountability, Olusi said the report was independently assured by KPMG and Policy Innovation Center.
He described the report as BoI’s institutional expression of commitment to impact, and said the new Development Impact Framework will enable more precise measurement in the years ahead.
Looking to 2026, the Managing Director said the priority was to scale impact by deepening support for enterprises and value chains that create jobs, add value locally, and strengthen competitiveness.
He thanked the board, government, development partners, including Afreximbank, World Bank, AfDB, EU, UNDP and UNIDO, and staff for their collaboration.
In his remarks, the Minister of State for Industry, Senator John Enoh, said BoI had set a reference standard for public institutions with its 2025 Annual Development Impact Report.
Enoh said that the report focused on outcomes and real effects rather than just disbursement figures.
He said that BoI’s work aligned with President Bola Ahmed Tinubu’s development priorities through expanded MSME financing, support for youth-led enterprises, gender inclusion, and innovation-driven businesses, with emphasis on climate, sustainability, and technology.
The minister linked BOI’s interventions to the Nigerian Industrial Policy (NIP), formally launched on February 17, 2026.
He described the NIP as a roadmap to reposition industry for growth, jobs, value addition and exports, and stressed that implementation, not policy alone, transforms economies.
Enoh disclosed that a 90-day implementation report on the NIP has been released.
He said: “It highlights progress with the AfDB on the Industrial Cluster Programme, work on a proposed $350 billion MSME Development Fund, training by NADDC and IETF, and African quality marks awarded to 121 companies for AfCFTA competitiveness.”
