BOI Unveils Maiden Impact Report, Disburses N644.9bn, Records 1.68m Jobs in 2025
The Bank of Industry (BoI) has unveiled its maiden 2025 Annual Development Impact Report, with Managing Director Dr Olasupo Olusi describing 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.
Over 30 per cent of the financing went to nano and MSMEs, while more than 20 per cent 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 cuts across 14 industrial sectors in line with Nigeria’s industrialisation priorities, “he said.
He 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 a tangible impact.
“Most importantly, our interventions translated into tangible impact by supporting millions of jobs, reducing carbon emissions, strengthening digital and other infrastructure, and empowering women and youth,” he said.
According to him, BOI 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 per cent 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, the Guaranteed Loan for Women, GLOW, and the 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 the 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, Sen. John Enoh, said BOI had set a reference standard for public institutions with its 2025 Annual Development Impact Report.
He 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 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 Feb. 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.
“It highlights progress with the AfDB on the Industrial Cluster Programme, work on a proposed $350 billion MSME Development Fund, trainings by NADDC and IETF, and African quality marks awarded to 121 companies for AfCFTA competitiveness. ”
He described BOI as a strategic partner in industrial transformation, not just a financier.
He said the ministry would continue working with BOI to strengthen industrial clusters, deepen MSME competitiveness, and support manufacturers through an upcoming value chain summit to drive value addition and export earnings.
Also speaking, the Minister of Budget and Economic Planning, Doris Uzoka-Anite, said that Nigeria’s biggest investment hurdle was not money but lack of bankable projects.
According to her, project preparation is where vision becomes investment Ideas which should be turned into transactions before ambition can drive growth.
She anchored the push on the Renewed Hope Agenda and NDP 2026-2030, adding that hitting a 1 trillion dollar economy would take disciplined project prep, investment protection, and alignment of every naira with national priorities.
She said the global finance model had shifted from aid to investment-led partnerships. ”To match that, DFIs like BOI must become architects of investment ecosystems with transparency, global standards, and blended finance to de-risk MSMEs.”
The minister urged development partners to fund feasibility studies and support African credit rating systems to cut borrowing costs. “Investment follows preparation, and preparation thrives on partnership.
Goodwill messages were delivered by partners, including the African Development Bank, European Union, Small and Medium Enterprises Development Agency, Agency France de Développement, among others. #BOI Unveils Maiden Impact Report, Disburses N644.9bn, Records 1.68m Jobs in 2025#
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