Story perspectives

BOI Transforms Nigeria's Economy: N1.3 Trillion Loans, 1M Jobs

11/3/2025

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Summary

Story summary

The Bank of Industry (BOI) in Nigeria is shifting from lender to architect of industrial growth.
Between 2023 and 2025, BOI disbursed nearly N1.3 trillion in loans and created almost one million jobs.
It has launched initiatives targeting rural enterprises, women-owned businesses, and youth-led projects.
The World Bank plans to approve a $1 billion Development Policy Financing facility for Nigeria on December 16, 2025, to support reforms and inclusive growth.

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Story summary

The Bank of Industry (BOI) in Nigeria is shifting from lender to architect of industrial growth.
Between 2023 and 2025, BOI disbursed nearly N1.3 trillion in loans and created almost one million jobs.
It has launched initiatives targeting rural enterprises, women-owned businesses, and youth-led projects.
The World Bank plans to approve a $1 billion Development Policy Financing facility for Nigeria on December 16, 2025, to support reforms and inclusive growth.