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ABOUT BOI

Committed to Transforming the Industrial Sector in Nigeria

The Bank of Industry Limited (BOI) is Nigeria’s oldest, largest and most successful development financing institution (DFI). It exists to facilitate the transformation of Nigeria’s industrial sector by providing financial and advisory support for the establishment of large, medium and small projects/ enterprises, and the expansion, diversification, rehabilitation and modernisation of existing enterprises.

This commitment has continuously driven us to develop innovative strategies, interventions and solutions that are propelling the Nigerian economy towards sustained growth. The Bank continues to support growth across various sectors including Agro and Food Processing, Creative Industries, Engineering and Technology, Healthcare and Petrochemicals, Oil and Gas, Renewable Energy and Solid Minerals; leveraging its 30 state offices nationwide.

WHY CHOOSE BOI?

We Create Convenient and Valuable Opportunities for Businesses in Nigeria

  • Single Digit Interest Loans: We ensure that our loan terms are favourable and provided to ensure the greatest levels of success for our beneficiaries.
  • Generous Loan Tenor: The bank provides extended repayment schedules to give businesses ample time to repay loans and minimize default
  • Business Advisory and Support: We create direct opportunities as well as in partnership with other stakeholders for improved business performance, as businesses require more than financing to succeed.
  • Innovative Financing Solutions: All our loans and funds are sector-specific and tailored to the unique needs of micro-enterprises, SMEs and large enterprises.
  • Keen Focus on the Bottom of the Pyramid: All The bank delivers special support and financing to disadvantaged and vulnerable sectors within the grassroots that are typically underserved but critical to economic prosperity.

58 YEARS OF WORKING EXPERIENCE

about

₦312.5bn

Disbursements till Date

4,234,670

Number of Enterprises Supported

9,050,796

Total Jobs Created

WHO WE SERVE

Providing Business Support for Large, Medium, Small and Micro Enterprises

BOI provides financial and advisory support to all customer segments, through our directorates and partnerships. The Bank’s directorates are dedicated to providing finance for businesses across sectors of the economy responsible for driving sustainable development.

Our Micro Enterprises directorate is financing disadvantaged and vulnerable sectors at the grassroots and the bottom of the pyramid: formal, informal businesses and cooperatives (e.g. market women, traders and artisans, farmers, agriculture workers and enterprise youth).
Loan Value: Maximum of ₦10m
Our Small & Medium Enterprises directorate is financing registered small and medium-sized businesses in underserved and budding sectors including Youth and Gender focused businesses (e.g. Fashion & Beauty, Food & Agro Commodity Processing, Light Manufacturing, Engineering, Healthcare, Greenhouses, Arts & Craft, Solar (off-grid).
Loan Value: From ₦10m- ₦2bn
Our Large Enterprises directorate provides support for registered big businesses in sectors including Agro and Food Processing, Creative Industries, Engineering and Technology, Healthcare, Renewable Energy, Gender Business, and Intervention Funds.Loan Value: From ₦2bn and above

APPLY FOR A LOAN TODAY!

Get a low interest loan, today!

WHAT WE OFFER

Development and Support to Specific Nigerian Sectors

IMPACT

58 Years of Economic Development and Support

FAQs

Do you Have Questions? We Have Answers

What is BOI?

Bank of Industry is Nigeria’s oldest, largest and most successful Development Finance Institution (DFI). Incorporated in 1959 as Investment Company of Nigeria (ICON), transformed into Nigerian Industrial Development Bank in 1964 and ultimately into Bank of Industry (BOI) in 2001.
Consequently, BOI’s mission is to enable the transformation of Nigeria’s industrial sector by providing financial and advisory support for;
1. The establishment of large, medium and small projects/enterprises, and
2. The expansion, diversification, rehabilitation and modernisation of existing enterprises.

What is the mandate of BOI?

BOI’s mandate is the transformation of Nigeria’s industrial sector by providing financial and advisory support for;
1. The establishment of large, medium and small projects/ enterprises, and
2. The expansion, diversification, rehabilitation and modernisation of existing enterprises

What does BOI do for the Nigerian Industrial Sector?

Bank of Industry encourages local industrial production and value creation through manufacturing, production and agro processing activities.
The Bank primarily provides financial assistance, as well as business advisory/ support services to enterprises.

What sectors do the bank target for support?

Being a key implementing institution of the Federal Government’s economic plans, the sectors supported by the Bank of Industry are a reflection of the priority sectors targeted by the government. These include: Agriculture (Agro Processing and Food Processing), Solid Minerals, Creative Industry, Oil and Gas (Midstream and Upstream), Healthcare, Technology etc.

What type of projects does BOI finance?

Bank of industry primarily finances projects involved under manufacturing, production and agro processing.

What financial products and services does BOI provide?

The Bank of Industry provides both loans and special funds to enterprises in Nigeria.

Does BOI provide non-financial services?

The Bank of Industry provides business advisory, mentoring, capacity building services to enterprises in Nigeria.

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RESOURCES

Repository of economic insight and research

Access our extensive hub of economic insight, information, and research to learn about the intricacies of different Nigerian industries and how to improve your business performance.

Reports

Economic and financial analysis

Insights

Economic books and journals

Blog

Industry opinions and Insights

OUR PARTNERS

Harnessing Strategic Partnerships and Promoting Development

BOI has also established strategic partnerships with key private, public & multilateral institutions towards enabling the bank to effectively achieve its mandate.

Private

Public

Multilateral

PARTNER WITH US

We believe that collaboration is necessary to achieve our goal of economic transformation through a diverse ecosystem of private and public partners. Working together, we can deliver more sustainable and equitable solutions and amplify our impact.

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