Abuja, Feb. 12, 2026 – President Bola Tinubu on Thursday commended the Bank of Industry (BOI) for increasing its loan disbursement to N636 billion in 2025.
He described the amount as the highest in the history of the bank and a milestone which validated his administration’s economic reform agenda.
According to a statement issued by Bayo Onanuga, the Special Adviser to the President on Information and Strategy, the N636bn disbursed by the bank in 2025 translated directly into productive capacity across Nigeria.
He said the record disbursement demonstrated that ongoing macroeconomic reforms were strengthening development finance institutions and unlocking capital for productive sectors.
“It financed agro-processing expansion, strengthened manufacturing output, supported infrastructure delivery, and empowered thousands of enterprises across our states.
“At a time of global financing constraints, Nigeria expanded access to long-term capital for its businesses. That is a direct outcome of reform, credibility, and institutional discipline,” the president said.
Tinubu said the bank maintained strong asset quality, recording a non-performing loan ratio below 1.5 per cent despite macroeconomic headwinds.
“Development finance must be disciplined, measurable, and aligned with national priorities.
“What we are witnessing is the transition from strategy to scale.
“Our economic transformation will be built on production, value addition, and enterprise growth,” he said.
Tinubu also commended the bank for its new designation Nigeria’s first National Implementing Entity to the United Nations Adaptation Fund/
According to the statement, agro-allied enterprises received N202 billion of the loans which is the highest, while national infrastructure such as broadband, power, aviation, and transportation received N100 billion and manufacturing received N79 billion.
Extractive industries received N77 billion, while services received N55 billion.
Over 7,000 enterprises across the nation benefitted from the loans.
