Abuja: The Bank of Industry (BoI) has introduced its inaugural 2025 Annual Development Impact Report, with Managing Director Dr. Olasupo Olusi highlighting the year as a pivotal moment in Nigerian banking history. Olusi, speaking at the report’s unveiling in Abuja, stated that 2025 marked the initial full year of BOI’s 2025-2027 Corporate Strategy execution.
According to News Agency of Nigeria, the institution shifted its focus from disbursement volumes to measuring the development impact created. A total of N644.9 billion was disbursed to various enterprises across Nigeria, with over 30% allocated to nano and MSMEs, and more than 20% directed towards gender and youth-focused enterprises. This initiative resulted in a job impact of 1.68 million jobs across value chains nationwide, spanning 14 industrial sectors.
Olusi noted that BOI strengthened value chains, expanded access to finance, and invested in critical infrastructure to enhance productivity and competitiveness. BOI exceeded its 2025 targets across six thematic priorities: Infrastructure, MSMEs, Digital, Youth, Gender, and Climate. The bank’s national presence, with 37 offices in 34 states, facilitated capital deployment in both urban and underserved areas.
The bank achieved over 95% disbursement as the implementation agency for the Federal Government’s N200 billion MSME industrialisation Fund. New programmes launched in 2025 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. BOI’s strategic national projects involved over N35 billion for broadband rollout, N30.6 billion for power infrastructure, and over N20 billion for aviation upgrades.
To ensure accountability, the report was independently assured by KPMG and the Policy Innovation Center. Olusi emphasized the report’s role as BOI’s institutional commitment to impact, with the new Development Impact Framework allowing for more precise measurement in future years. Looking to 2026, the focus is on scaling impact by supporting enterprises and value chains that create jobs and strengthen competitiveness.
Minister of State for Industry, Sen. John Enoh, praised BOI for setting a standard for public institutions with its 2025 Annual Development Impact Report. He noted the alignment of BOI’s work with President Bola Tinubu’s development priorities, emphasizing MSME financing, youth-led enterprises, and innovation-driven businesses. Enoh linked BOI’s interventions to the Nigerian Industrial Policy (NIP), launched in February 2026, which aims to reposition industry for growth and export.
Minister of Budget and Economic Planning, Doris Uzoka-Anite, highlighted the importance of bankable projects for Nigeria’s investment landscape. She emphasized the need for disciplined project preparation and investment protection to achieve a $1 trillion economy. Uzoka-Anite pointed out the shift from aid to investment-led partnerships and urged development partners to support feasibility studies and African credit rating systems.
Goodwill messages were delivered by partners including the African Development Bank, European Union, and Small and Medium Enterprises Development Agency, among others.