President Bola Tinubu has lauded the Bank of Industry (BOI) for disbursing a historic N636 billion to businesses in 2025, describing the feat as the institution’s highest yearly lending performance and a clear indicator that ongoing economic reforms are strengthening Nigeria’s development finance architecture.

The President said the scale of financing reflected growing institutional discipline and improved macroeconomic stability, which he noted were unlocking long-term capital for enterprises and productive sectors nationwide.

Data released on the bank’s operations showed that the N636 billion facility reached over 7,000 enterprises across the country. Sectoral allocation indicates that agro-allied businesses received N202 billion, while N100 billion went to critical infrastructure projects spanning broadband, electricity, aviation and transportation.

Manufacturing attracted N79 billion, extractive industries N77 billion, and the services sector N55 billion.

In addition, BOI deployed N73 billion in managed and matching funds on behalf of state governments and other institutional partners.

According to President Tinubu, the intervention has translated into tangible economic outcomes, including expanded agro-processing capacity, stronger manufacturing output, infrastructure delivery and increased enterprise activity across the states.

He noted that Nigeria’s ability to widen access to long-term finance during a period of global capital tightening underscored the credibility of its reform programme.

Financing distribution by enterprise size highlighted an inclusion-driven strategy. Nano businesses accessed N51 billion, micro enterprises N32 billion, small and medium enterprises N178 billion, while large firms accounted for N375 billion of total disbursements.