BOI Unveils Maiden Development Impact Report

• Disburses N644.9bn, Supports 1.68 million Jobs in 2025

The Bank of Industry (BOI) has launched the inaugural edition of its Annual Development Impact Report, marking a major milestone in the institution’s evolution from measuring success by the volume of loans disbursed to assessing the tangible socio-economic impact of its interventions.

Speaking at the unveiling in Abuja on Thursday, the Managing Director and Chief Executive Officer of BOI, Dr Olasupo Olusi, described 2025 as a defining year for the development finance institution, noting that it was the first full year of implementing the bank’s 2025–2027 Corporate Strategy.

According to him, the strategy repositioned BOI to prioritise measurable development outcomes alongside financial performance.

Olusi disclosed that the bank disbursed a total of N644.9 billion to nano, micro, small, medium and large enterprises across Nigeria during the year under review.

He revealed that more than 30 per cent of the financing was channelled to nano, micro, small and medium enterprises (MSMEs), while over 20 per cent supported women and youth-led businesses, underscoring BOI’s commitment to inclusive economic growth.

According to him, the bank’s interventions generated an estimated 1.68 million jobs – comprising direct, indirect and supported employment across multiple value chains nationwide.

He added that financing was extended across 14 strategic sectors of the economy in line with Nigeria’s industrialisation agenda.

“2025 marked a defining moment for BOI. Beyond financing businesses, we deliberately shifted our focus to measuring the real development impact of our interventions.

“Most importantly, our investments translated into tangible outcomes by supporting millions of jobs, reducing carbon emissions, strengthening digital and other critical infrastructure, and empowering women and young entrepreneurs,” Olusi said.

He disclosed that BOI surpassed its 2025 targets across six strategic priorities: infrastructure, MSMEs, digital transformation, youth empowerment, gender inclusion and climate action.

According to him, the bank also strengthened critical value chains, expanded access to finance and invested in strategic infrastructure aimed at enhancing productivity and national competitiveness.

Olusi noted that BOI’s nationwide footprint, comprising 37 offices across 34 states, played a crucial role in ensuring broader access to development finance in both urban and underserved communities.