Introduction

The Bank of Industry (BOI) has set a N1.35 trillion loan disbursement target for 2027, backed by a new 10-year financing framework aimed at accelerating manufacturing growth and expanding support for Nigeria's MSME sector. This ambitious goal builds on the bank's recent record disbursements and strategic push to deepen financial inclusion across the economy.

What Happened

At a media briefing, BOI Managing Director Dr. Olasupo Olusi outlined the bank's three-phase corporate strategy, noting that 2025 served as a foundation year for governance and product development, 2026 focused on execution and scale, and 2027 will consolidate results and hit the disbursement target. The bank surpassed its previous best with N645 billion disbursed in 2025—a 26 percent increase over 2024—signaling strong momentum toward the 2027 goal. Olusi also detailed the bank's move toward 10-year loan tenures for manufacturers and outlined allocation targets across key economic sectors.

Why This Matters

With Nigeria's industrialization needs outpacing available credit, BOI's strategy seeks to close critical financing gaps and deepen financial inclusion. The plan prioritizes underserved groups, including women, youth, and rural entrepreneurs, potentially driving job creation and economic growth across all 36 states and the Federal Capital Territory. By directing funds toward infrastructure, digital transformation, climate resilience, and women-owned businesses, the initiative could reshape access to capital for millions of Nigerians.

  • Targeted sectoral allocations ensure balanced economic support.
  • Long-term financing structures designed for manufacturer needs.
  • Commitment to expanding reach for women, youth, and rural businesses.

Key Takeaways

BOI achieved a record N645 billion in disbursements in 2025, representing a 26 percent year-on-year increase. The bank supported over 12,500 businesses and 1.6 million jobs, including more than N120 billion directed to women-owned enterprises. Through its RAPID program, BOI reached nearly 1,000 rural enterprises and financed over 100 mini-grids that power 11,000 households and businesses.

  • Record N645 billion disbursement in 2025, up 26 percent from 2024.
  • Over 12,500 businesses and 1.6 million jobs supported.
  • N120 billion+ directed to women-owned businesses.
  • RAPID program reached nearly 1,000 rural enterprises and powered 11,000 households via mini-grids.

Conclusion

BOI's N1.35 trillion 2027 target and 10-year financing blueprint represent a significant shift in Nigeria's SME financing landscape. If executed as planned, the strategy could dramatically expand capital access for manufacturers, women, youth, and rural entrepreneurs, while reinforcing the bank's role as a driver of industrial growth. Stakeholders will monitor the bank's ability to mobilize capital and deliver on sector-specific commitments in the strategy's final phase.