BOI Injects ₦636bn into 7,000 Nigerian Firms

By 𝔸bdulrazak Tomiwa

The Bank of Industry (BOI) has announced a major milestone, channeling ₦636 billion to approximately 7,000 businesses across Nigeria in 2025. 

This capital injection is a central part of the bank’s mission to drive industrialization and foster inclusive economic growth nationwide.

The funds were distributed across various sectors with a focus on Micro, Small, and Medium Enterprises (MSMEs). As the backbone of the economy, these businesses received targeted support to help them scale their operations and improve their market competitiveness.

By supporting 7,000 unique enterprises, the BOI has significantly expanded its reach within the Nigerian business landscape. The strategy prioritizes key areas such as agro-processing, manufacturing, and the creative economy to ensure a resilient and diversified national development.

Beyond providing loans, the BOI emphasized that its role is to enable capacity building and job creation. This funding is estimated to have supported hundreds of thousands of livelihoods, directly and indirectly, throughout the 2025 fiscal year.

The bank’s leadership noted that this performance reflects a commitment to fixing market gaps where traditional banks often fall short.

By offering concessionary financing, the BOI makes vital capital more accessible to high-impact sectors.

Reflecting on this achievement, the bank’s management stated, “Our mission is simple yet profound: to finance Nigeria’s future, empower its people, and ensure that every naira invested yields measurable social and economic value.”