BoI secures €2.22bn and N250bn in funding for Nigerian industries

Author: Yinka KolawolePublished on: October 27, 2026Country: Nigeria

Business & Economy

BoI secures €2.22bn and N250bn in funding for Nigerian industries

Nigeria’s Bank of Industry (BoI) secured more than €2.22 billion and N250 billion through financing deals concluded from 2024 to 2026, including a €1.879 billion syndicated facility and an oversubscribed development bond. Managing director Olasupo Olusi said the funds support the bank’s 2025–2027 strategy, which aims to double its loan book and disbursements within three years. In 2025, BoI disbursed N644.9 billion to 12,501 businesses, creating or supporting 1.68 million jobs. European Investment Bank facilities include €85 million for agriculture and €50 million for healthcare manufacturing.

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