BOI Targets N1.35trn Loan Disbursement In 2027, Plans 10-Year Financing for Manufacturers
Managing Director/Chief Executive Officer of Bank of Industry (BOI), Dr. Olasupo Olusi, has announced that the bank is targeting an annual loan disbursement of N1.35 trillion to manufacturers and operators in the Micro, Small and Medium Enterprises (MSMEs) in 2027.
Olusi also said the bank was exploring various sources of capital that would enable it to grant real long-term loans of about 10-year tenure to manufacturers and other businesses. He stated these on Thursday during the “MD/CEO BOI Meeting with Media Partners.”
He said the bank disbursed N645 billion in 2025, which was the highest disbursement it had ever achieved.
He also elaborated on BOI’s 2025-2027 corporate strategy that was being executed in three phases.
Olusi said 2025 was “our foundation year, where we put in place the governance, the frameworks, the products and digital tools, while 2026 was the year of execution and scale, and 2027 will be the year we consolidate our results and meet our targets.
He said the bank was currently at the mid-point of the strategy implementation, adding that the results so far tell that the strategy is working.
He said BOI accounted for 6.5 per cent agricultural loans and 25 per cent of the manufacturing GDP.
Olusi stated, “The results so far tell us that the strategy is working. In 2025, we disbursed N645 billion, which is the highest ever disbursement by the bank. This represents a 26 per cent increase on N510 billion we disbursed in 2024.
“And our financing has reached 12,500 more businesses and helped to create or support 1.6 million jobs.
“We disbursed over N120 billion to women-owned businesses, which again shows how much we are committed to delivering on our strategy to enhance opportunities for gender.
“We are also on track across our thematic areas. MSMEs received over 41 per cent of our 2025 funding, even against our 35 per cent target. “Youths and women received 20 per cent each against our 15 per cent and 10 per cent minimum commitment, respectively.
Olusi explained, “In infrastructure, we recorded N108 billion funding, including 100 mini-grids to power businesses and households, as well as broadband internet connectivity to over 700 communities.
“We also achieved our disbursement targets for climate and social financing.”
He stated that the bank embarked on a number of landmark capital raising activities that enabled it to deliver its disbursement targets.
The capital raising activities included a landmark deal of nearly €2 billion (Euros), raised from three international banks, and in 2026, BOI was able to get five commitments from the African Export and Import Bank for a €75 million facility to support the Pharmaceutical Value Chain (PIVAC) in Nigeria.
He stated, “Together, we have done more than €2.2 billion and N274 billion in new funding for Nigerian industries.
“Investors have placed their money with us because they trust our governance, our pipeline, our impact and our financial results.
“We are already advancing new capital raising engagements with quite a number of international partners, including the likes of the African Development Bank, the Agence Française de Dévelopment and also pursuing further fundraising opportunities that are available within our domestic capital markets.
