Skip to main content

The Traffic NG

  • info@thetraffic.ng
  • 7 Nasir El Rufai Crescent, Guzape
THE TRAFFIC NG LOGO
THE TRAFFIC NG LOGO
ADVERTISE WITH US
loans

The Bank of Industry has announced plans to channel 80 per cent of its large enterprise loans into priority sectors, including power, manufacturing, agribusiness, pharmaceuticals and digital infrastructure, as part of its 2026 strategy to drive Nigeria’s industrial growth.

The development finance institution disclosed the plans in its 2025 Annual Development Impact Report, describing 2026 as sitting “at the centre of BOI’s 2025-2027 transformation agenda” and a year where “strategic intent must translate into tangible sectoral impact, particularly in energy-dependent, FX-exposed and import-substitution sectors that dominate Nigeria’s real economy.”

Beyond large enterprises, the bank said 35 per cent of total funding will go to micro, small and medium enterprises, with 15 per cent of that ring-fenced for women-owned businesses and 20 per cent for young entrepreneurs. Green projects and digital and ICT initiatives will receive 10 per cent and 15 per cent of financing respectively.

The report stated, “This means 2026 is when Nigeria’s industrial base begins to receive purpose-built capital instead of generic loans.”

READ ALSO: Faye-Sonko split creates new political test for Senegal

On the foreign exchange challenge, the BOI said financing manufacturing and agribusiness would help ease pressure on the currency by reducing import dependence. “By financing manufacturing, agribusiness, food processing and pharma, BOI’s 2026 portfolio will expand export-earning industries and import-substitution industries,” the report noted.

The bank also flagged three structural problems weighing on both MSMEs and large enterprises: high interest rates and collateral requirements, energy and transport infrastructure gaps, and currency instability and multiple taxation. It said these pressures “reduce investment appetite, discourage industrial scale-up and trap most Nigerian firms in survival mode.”

To support small businesses, the BOI said its digital lending platforms and partnerships with commercial and microfinance banks would provide MSMEs with easier access to funding and faster loan approvals. The bank described 2026 as its “digital take-off year,” with plans to deploy centralised data systems, automated loan tracking and end-to-end online lending. “Without this digital backbone, the scale of 2026 deployment would be impossible,” it stated.

The Traffic NG
loans
Hibbatullah Shittu
The Traffic NG

Categories

Search
Recent Post
Apapa Area Command
Apapa Customs hits record N323bn revenue in
  • August 17, 2026
  • 2 min read
loans
BOI to direct 80% of large enterprise
  • August 17, 2026
  • 2 min read
Imo
Imo Bans Street Trading, Roadside Hawking in
  • August 17, 2026
  • 3 min read
Stay In Touch
Featured Videos
All Tags
ADC AFCON Aliko Dangote Anthony Joshua APC Atiku Abubakar aviation CBN Court Customs Dangote EFCC First Lady First Lady Senator Oluremi Tinubu FRSC Gov. Hope Uzodimma Governor Hope Uzodimma INEC JAMB Kogi Lagos Lionel Messi NDLEA Nigeria NSC Nyesom Wike NYSC Oil PDP Peter Obi Police President Bola Ahmed Tinubu President Bola Tinubu Senate Senator Oluremi Tinubu sports Sunday Dare Super Eagles Super Falcons Taiwo Oyedele Tax Troops United Nigeria Airlines Vice President Kashim Shettima Victor Osimhen

Related Posts

Apapa Area Command
Business
Apapa Customs hits record N323bn revenue in July
Dangote
Business
Dangote Cuts Gas Price To ₦950/kg
Tinubu, NIDEC 2026
Business
Tinubu: Turn Remittances Into Investments
Sunday Dare
Business
Tinubu Must Continue to complete Nigeria’s Recovery – Sunday Dare

© 2025. All rights reserved  - Developed by ICS.