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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.

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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

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₦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.

Micro Businesses

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
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SMEs

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- ₦1bn
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Large Enterprises

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 ₦1bn and above
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WHAT WE OFFER

Development and Support to Specific Nigerian Sectors

agriculture

Agriculture

BOI has a mandate to support industrialisation, and enterprises in the agricultural value chain are given the necessary support that will enable them increase output.
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Agro Processing

This sector focuses on processing commodities such as Cotton, Textile and Garment (CTG), Wood, Leather, Rubber and Paper Products...
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creative industry

Creative Industries

BOI provides financial and business advisory support for the creative industry through the various subsectors such as cinemas...
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Engineering and Technology

We continue to provide funding for businesses in the sector to optimise their potential and actively support Nigeria’s growth and development.
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Healthcare and Petrochemicals

BOI continues to provide long-term funding for healthcare investment professionals in the sector.
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Oil and Gas

We have been at the forefront of providing long-term funding for modular refineries, offshore /onshore support and marine services, LPG distribution...
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Renewable Energy

This sector could bridge the major energy gaps in Nigeria, especially in off-grid areas. However, the high initial capital outlay is an issue because ...
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Solid Minerals

BOI is a strong advocate for the sector and participates in activities aimed at establishing necessary reforms and infrastructure to spur growth.
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women owned businesses

Women-Owned Business

We support women entrepreneurs through a dedicated Gender Desk for loans and partnerships...
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Youths

BOI is committed to providing young aspiring entrepreneurs with the opportunity to access funds, technical training and support...
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IMPACT

58 Years of Economic Development and Support

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FAQs

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INDUSTRY NEWS

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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.

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Public

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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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