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BOI Disburses N636bn To 7,000 Businesses In 2025, Highest Annual Disbursement In Its History

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BOI Disburses N636bn To 7,000 Businesses In 2025, Highest Annual Disbursement In Its History

BOI disburses N636bn to 7,000 businesses in 2025, highest annual disbursement in its history. The Bank of Industry (BOI) says it disbursed a record N636 billion to businesses across Nigeria in 2025 — the highest annual financing volume in its history.

In its 2025 impact report on Wednesday, the development finance institution said the funds were deployed to over 7,000 businesses operating in manufacturing, agribusiness, micro small and medium enterprises (MSMEs), infrastructure, power, ICT and the creative sector.

President Bola Tinubu has commended the bank for the milestone, describing it as evidence that ongoing macroeconomic reforms are strengthening development finance and expanding access to long-term capital.
In a statement issued by Bayo Onanuga, his special adviser on information and strategy, Tinubu said the performance reflects reform-driven credibility and institutional discipline.

“The N636 billion disbursed by the Bank of Industry in 2025 translates directly into productive capacity across Nigeria,” Tinubu said.
“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.”

BOI said the milestone reflects its transition “from strategy to scale” under its 2025–2027 transformation agenda, which prioritised balance sheet strengthening, access to long-term capital, operational efficiency and financing aligned with national economic and industrial priorities.

The bank said the performance was achieved despite global macroeconomic pressures that widened financing gaps and increased strain on development finance institutions.

BOI added that demand for its funding rose during the year due to relatively cheaper and longer-tenured financing.

According to the report, sectoral allocations included N202 billion to agro-allied enterprises, N100 billion to infrastructure, N79 billion to manufacturing, N77 billion to extractive industries, and N55 billion to services.
The disbursements were partly supported by a €2 billion syndicated facility secured at the end of 2024, the federal government’s N200 billion MSME loans and grants scheme, and an additional €210 million mobilised in 2025 from international partners.

BOI also deployed N73 billion in managed and matching funds on behalf of states and institutional partners. The bank maintained asset quality during the period, recording a non-performing loan ratio of less than 1.5 percent.

Under the federal government’s N200 billion intervention programme, BOI said it achieved over 95 percent performance as the disbursing entity, while the presidential conditional grant scheme reached 957,400 beneficiaries in 2025.

A breakdown of disbursements by business size shows N51 billion went to nano enterprises, N32 billion to micro businesses, N178 billion to SMEs, and N375 billion to large enterprises.

BOI said its interventions led to the creation and retention of 1.6 million jobs, supported over 7,000 new MSMEs and 570 startups.

BOI Disburses N636bn To 7,000 Businesses In 2025, Highest Annual Disbursement In Its History

BOI Disburses N636bn To 7,000 Businesses In 2025, Highest Annual Disbursement In Its History

“Inclusive finance remained a priority, the bank said, highlighting its N10 billion Guaranteed Loans for Women (GLOW) programme, which provides up to N50 million in affordable financing per beneficiary. Youth-owned enterprises received N12 billion in funding, while the Rural Area Programme on Investment for Development (RAPID) supported 880 rural enterprises with over N6.5 billion across the 36 states and the FCT,” the bank added.

The financial institution said strategic interventions during the year included upgrading a tomato processing facility from 3.1 metric tonnes to 10 metric tonnes per hour, linking 47,508 smallholder farmers to processing facilities, and deploying 100 mini-grids in partnership with development finance institutions (DFIs), connecting 11,777 new customers to electricity.
It added that N100 billion was disbursed to critical national infrastructure spanning broadband, power, aviation and transportation, while BOI-financed projects contributed to an estimated annual reduction of over 20,000 tonnes of carbon emissions.

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“Through the Investment in Digital and Creative Enterprises (iDICE) programme, the bank said it prepared 500 founders for investment, funded 100 tech ventures, and trained 400 youths through innovation programmes. The initiative targets over 300,000 Nigerians,” BOI said.
‘MILESTONE ALIGNS WITH FG’S DRIVE FOR INDUSTRIALISATION

Commenting on the performance, Olasupo Olusi, BOI’s managing director (MD) and chief executive officer (CEO), said the milestone aligns with the federal government’s vision to drive industrialisation and inclusive growth.

“Achieving over N600 billion in loan disbursements to our customers in 2025 is a significant milestone for the Bank of Industry, which aligns with the vision of President Bola Ahmed Tinubu to drive industrialisation, economic diversification, and inclusive growth across Nigeria,” Olusi said.

“Beyond this milestone, our performance this year demonstrates BoI’s continued commitment to supporting enterprises, creating jobs, and strengthening the nation’s industrial base.”

BOI also said it strengthened its institutional standing in 2025, becoming Nigeria’s first national implementing entity to the United Nations Adaptation Fund and the first development finance institution in the country to achieve privacy information management system certification.

The bank added that it received multiple recognitions during the year, including Best Bank for Sustainable Finance in Nigeria 2025, Best Company in Financial Inclusion, and Best Company in Infrastructure Development at the SERAS awards.

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BOI

Economy

UN Pledges Support For Displaced Yelewata Tesidents After Attack

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DR Congo Conflict

UN Pledges Support For Displaced Yelewata Tesidents After Attack

The United Nations has assured Yelewata and other victims of conflicts and disasters of its support to return not only to their ancestral homes but also with dignity.

The Deputy Secretary-General of the United Nations (UN), Amina Mohammed, gave the assurance on Friday when she visited the Yelewata community in Guma Local Government Area of Benue State.

Yelewata community was attacked on June 13, 2025, during which scores were killed and many properties were destroyed.

Mrs Mohammed stated that the people of Benue and other Nigerians must live and work in a safe and secure environment.

The UN deputy secretary-general said that her visit was to stand in solidarity with the state, especially women and children who suffer the most in times of conflict.

She added that her visit was in solidarity with the Yelewata community, which experienced a terrible and tragic day.

Mrs Mohammed described the June 13 Yelewata attack as a painful moment that must never be allowed to happen again.

She said that the government must do everything possible to ensure that farmers continue their farming in a safe environment.

“It is not right that you must farm in unsafe conditions.

“Instead, we must find ways to bring farming closer to you and ensure that your produce reaches markets that reflect your dignity, markets befitting of the people of Yelewata and Benue,” she said.

According to her, Benue has always been known as the food basket of the nation, and she hoped that the state would reclaim that identity.

“I have listened carefully to all that you have said about your hopes and needs. Ultimately, I know that many of you wish to return home, because home is truly where the heart is.

“We face challenges in our country. I remember coming here when it was Benue Plateau before the divisions into Benue, Nasarawa, and Plateau. There were no boundaries; it was one community.

“Back then, even as a Fulani woman among Tiv people, we lived more closely and harmoniously than what we see today. It pains me to witness how things have changed.

“We must return to that unity as Nigerians, embracing the richness of our diversity in religion and culture. It is not impossible.

“For those of us who remember the Nigeria we inherited at independence, we must speak to our young people about what this country once was and what it can be again.

“Without that shared vision, we risk losing our collective future,” she said.

Mrs Mohammed also said that she was deeply committed to amplifying the voices of the voiceless, especially those of women and children.

She said across the Sahel, West Africa, Sudan, Gaza and other conflict-affected regions, conflicts have continued to cause pain and suffering for innocent people.

“Let this be our tribute to those who lost their lives: that we will build a better community, a better Benue, and a better Nigeria. A country where all citizens are equal. That must remain our goal.

“As a Nigerian, I am committed to this. As the UN Deputy Secretary-General, I am committed to amplifying your voices and ensuring that your struggles and those of many others across the country are heard.

DR Congo Conflict

United Nations

“Across the Sahel, in West Africa, and in places like Sudan and Gaza, conflict continues to cause suffering. We must prioritise peace. Without peace, we cannot return to our farms.

“Without peace, our economy cannot grow. Without peace, the 70% of our population who are young people will have no future.

“We must also hold our politicians accountable. Peace is what we demand. That is why we vote,” she said.

Earlier, Governor Hyacinth Alia directed the immediate reopening of the Yelewata Market for commercial activities.

Mr Alia acknowledged the contributions of the UN and its agencies for their efforts towards the plight of all IDPs in Benue.

The governor said that insecurity was threatening the peace and unity of the country and Benue in particular and commended Mohammed for visiting the state.

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Economy

Beyond The Three Million Barrels Target: NNPC At PTDF Headquarters In Abuja

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NNPC At PTDF Headquarters In Abuja

Beyond The Three Million Barrels Target: NNPC At PTDF Headquarters In Abuja

Yesterday at the PTDF Headquarters in Abuja, the Group Chief Executive Officer, NNPC Limited, Engr. Bashir Bayo Ojulari, delivered a Keynote Address during the Society of Petroleum Engineers (SPE) 2026 Oloibiri Lecture and Energy Forum (OLEF), themed “Beyond the Three Million Barrels Target: Harmonizing Digitization, Capital, and Policy Framework for Intelligent Operations and Asset Optimization.”

In his address, the GCEO, who was represented by NNPC Ltd.’s Executive Vice President, Upstream, Udy Ntia, stated that efficiency, security, and intelligence remain the critical pillars for achieving Nigeria’s three million barrels per day crude oil production target.

NNPC At PTDF Headquarters In Abuja

NNPC At PTDF Headquarters In Abuja

‎The GCEO was also honoured with the SPE Senior Industry Ambassador Legacy of Leadership Award in recognition of his contributions to the industry.

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Crime

EFCC Arraigns One Abdullahi Aminu for N4.3m Fraud In Maiduguri

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EFCC

EFCC Arraigns One Abdullahi Aminu for N4.3m Fraud In Maiduguri

The Maiduguri Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Thursday, April 9, 2026 arraigned one Abdullahi Aminu before Justice Aisha Kumaliya of the Borno State High Court sitting in Maiduguri.

The defendant was arraigned on a one- count charge bordering on criminal misappropriation to the tune of N4, 305,000.00 (Four Million, Three Hundred and Five Thousand Naira).

The charge reads: “That you, Abdullahi Aminu sometimes in 2025 at Maiduguri, Borno State, within the jurisdiction of this Honourable Court dishonestly convert to your own use the aggregate sum of N4,305,000.00 (Four Million, Three Hundred and Five Thousand Naira), monies belonging to Jibrin Abdulrahman purportedly as payment for the supply of rice, thereby committed an offence contrary to Section 296 and punishable under Section 297 of the Borno State Penal Code Law and Other Matters Connected Therewith Law, 2023.”

EFCC

EFCC

The defendant pleaded “not guilty” to the charge preferred against him by the EFCC. Following his plea, prosecution counsel A.D Abdulmalik prayed for a trial date and urged the court to remand the defendant in a Correctional facility.

Thereafter, Justice Kumaliya adjourned till April 21, 2026 for commencement of trial and remanded the defendant in Maiduguri Maximum Correctional facility.

He was arrested when he allegedly dishonestly converted to his own use the sum of N4, 305,000.00 (Four Million, Three Hundred and Five Thousand Naira) that was meant for the supply of rice.

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