Bank of Industry – Transforming Nigeria's Industrial Sector

Transforming Nigeria's Industrial Sector

We provide advisory and financial assistance for the establishment of large, medium, and small enterprises and rehabilitation of ailing ones.

"The financial sector’s role is crucial in facilitating the building of a vibrant industrial sector”

— DR. OLASUPO OLUSI
MANAGING DIRECTOR/CEO OF
BANK OF INDUSTRY

The Bank of Industry Limited (BOI) is Nigeria's oldest, largest, and most successful Development Finance Institution (DFI).

BOI exists to facilitate the transformation of Nigeria’s industrial sector by providing financial and advisory support for establishing large, medium, and small enterprises and expanding, diversifying, rehabilitating, and modernizing existing enterprises.

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 33 state offices nationwide.

Key stakeholders

Who We Serve

Large Enterprise Catalysing Import Substitution on a Transformational Scale The Bank provides low-cost, long-term funding and financial advice to large

Small and Medium Enterprise Facilitating Growth & Development of SMEs We facilitate the growth and development of small and medium

Micro Business Financing Disadvantaged and Vulnerable Sectors at the Grassroots We deliver tailored support and low-interest loan products to micro-enterprises

Our Six Thematic Areas

Climate & Sustainability

Youth and Skills

Digital Transformation

MSMEs

Infrastructure

Gender

Our Products Across Sectors

Guaranteed Loans for Women (GLOW)

The Guaranteed Loans for Women (GLOW) is a new fund designed to empower women-owned and women-led businesses with easy access to financing.

Business Advisory

In a bid to address the challenge of access to credit by SMEs, and to hasten the credit delivery process, BOI has so far appointed 416 SME Consultants as Business Development Service Providers (BDSPs).

FGN MSME Intervention Fund

The Federal Government's N75 Billion MSME Intervention Program is aimed at supporting Micro, Small, and Medium Enterprises (MSMEs) across the nation.

Health Care & Petrochemicals

Supporting the establishment of hospitals, pharmaceutical companies, and medical equipment manufacturers, as well as financing petrochemical production for industrial applications.

Youths

Providing financial support to young entrepreneurs to start, expand, and sustain their businesses.

Women-Owned Business

Empowering women with funding to scale their enterprises and promote gender-inclusive economic growth.

Solid Materials

Financing the exploration, mining, and processing of solid minerals to boost industrial development.

Renewable Energy

Supporting clean and sustainable energy projects, including solar, wind, and bioenergy solutions.

Agro Processing

Providing capital for businesses that add value to agricultural produce through processing, packaging, and distribution.

Investor Relations

BOI, NCGC Execute ₦10 Billion Credit Guarantee Partnership to Expand Women-Led MSME Financing

The Bank of Industry (BOI) has executed a Memorandum of Understanding (MoU) with the National Credit Guarantee Company (NCGC) to

BOI, NCDMB Launch $100m NCIF Equity Investment Scheme for Nigerian Companies

The Bank of Industry (BOI) has signed a Memorandum of Understanding (MoU) with the Nigerian Content Development and Monitoring Board

BOI, NHIA Partner to Expand Health Insurance Coverage for MSMEs

The Bank of Industry (BOI) and the National Health Insurance Authority (NHIA) have signed a Memorandum of Understanding (MoU) to

Annual Reports

Read Policies

Grow your business with BOI

Access our single-digit interest loans as well as expert advisory support for your business. Click here to contact us if you have additional questions.