BOI Disburses ₦645bn to MSMEs as Nigeria Expands Business Financing
ABUJA — The Bank of Industry (BOI) has disclosed that it channelled about ₦645 billion to Micro, Small and Medium Enterprises (MSMEs) in 2025, highlighting the growing role of development finance in helping Nigerian businesses overcome access-to-credit challenges.
The disclosure was made by BOI Managing Director, Dr Olasupo Olusi, as the bank highlighted its financing activities and support for businesses across the country.
The scale of the intervention places access to affordable and long-term financing at the centre of efforts to strengthen Nigeria’s productive sector, particularly for businesses that often face difficulties obtaining conventional commercial loans.
The latest figure comes against the backdrop of BOI’s broader 2025 financing performance. Earlier official figures from the Presidency put the bank’s total 2025 disbursements at ₦636 billion to more than 7,000 enterprises, with funding spread across agriculture, infrastructure, manufacturing, extractive industries and services.
According to the official breakdown, agro-allied businesses received ₦202 billion, while ₦100 billion went into critical infrastructure. Manufacturing received ₦79 billion, extractive industries ₦77 billion and services ₦55 billion. The bank also deployed ₦73 billion through managed and matching funds for state governments and institutional partners.
The financing drive also included support for smaller businesses. Official figures showed that nano enterprises received ₦51 billion, micro businesses ₦32 billion, while small and medium enterprises accessed ₦178 billion during the year.
BOI’s intervention is part of a wider push to expand productive capacity, support entrepreneurship and improve access to finance. The European Union also reported in March 2026 that BOI had supported more than one million enterprises between 2023 and 2025, with over ₦1.27 trillion disbursed during the period.
The bank’s financing programmes have therefore become an important component of efforts to stimulate investment, business expansion and job creation, particularly as Nigerian enterprises continue to contend with high operating costs and financing constraints.
With MSMEs accounting for a significant part of economic activity, the effectiveness of such interventions will increasingly depend not only on the amount disbursed but also on how widely the funds reach businesses, the terms attached to the financing and the capacity of beneficiaries to repay and expand their operations.
The latest disclosure consequently puts renewed focus on access to finance for Nigerian MSMEs, as development finance institutions seek to move more capital into businesses capable of driving production, employment and economic activity.
