‘BoI disbursed N645bn to MSMEs in 2025’ – MD

The Managing Director of the Bank of Bank of Industry (BoI), Dr. Olasupo Olusi has stated that the Bank disbursed N645 billion to Micro, Small and Medium Enterprises which has impacted about 1.6 million jobs in the country.

Dr. Olusi made the disclosure in Abuja on Tuesday at the 3rd BOI 2026 Annual Public Lecture in Abuja tagged: “Rethinking Capital for Inclusive Economic Transformation.”

He said the third edition of the Annual Public Lecture, which was established in 2024 serves as a platform for informed discussion on issues shaping Nigeria’s economic and industrial development.

“This year, we turn to the capital itself: how can it be mobilized and deployed more effectively to drive inclusive economic transformation.

“That question underscores our theme today, “Rethinking Capital for Inclusive Economic Transformation.”

“Nigeria needs capital that can support long-term industrial growth, reach underserved businesses, and attract private investment into productive sectors. This requires us to think carefully about how capital is mobilized, structured and deployed, and the development outcomes it ultimately delivers.

“These issues are central to BOI’s mandate to spearhead Nigeria’s sustainable and inclusive industrial development. In 2025, the Bank disbursed N645 billion, supported over 12,000 businesses, and impacted 1.68 million jobs,” he revealed.

Olusi further stated that Nigeria needs to mobilize more long-term capital, extend financing to businesses and sectors that remain underserved, use development finance to unlock greater private investment, and ensure that financing translates into measurable economic impact.

The guest speaker at the event, and former World Bank Director and Adjunct Professor at Georgetown University Asad Alam called for stronger collaboration among development institutions to mobilise capital to the real sectors that will contribute to Nigeria’s economic growth and development.