2025 - 2027 Corporate Strategy
Context for the 2025 to 2027 Strategy
BOI has the mandate to transform Nigeria’s industrial sector by providing financial assistance to establish large, medium, and small enterprises and rehabilitate ailing ones; BOI also aims to drive expansion, diversification, and modernisation of existing enterprises. The Bank’s mandate is geared towards supporting projects with potential developmental impact, and the capability to generate considerable multiplier effects such as industrialisation, job creation, and poverty alleviation, all of which would have significant positive impact on the socio-economic condition of Nigerians
The Bank of Industry is at a pivotal moment as Nigeria’s development finance landscape faces significant challenges and opportunities. The 2025–2027 Corporate Strategy was developed to deepen BOI’s developmental impact amidst Nigeria’s evolving economic landscape. Recognising the urgent need for expanded financial support across key sectors, BOI’s new strategy is designed to scale up operations, extend its national reach, and provide critical support in the face of rising poverty and challenging macroeconomic conditions.
The strategy is anchored on six thematic focus areas approved by the
Bank’s Board of Directors for their catalytic impact:
MSME Financing;
Infrastructure Growth;
Gender & Women;
Youth & Skills;
Climate Resilience;
Digital Transformation and Technology
Ambition Statement
The overarching objective of the strategy is “to spearhead Nigeria’s sustainable and inclusive industrial development via tailored offerings to support underserved and high-impact business segments.”
Desired Outcomes
Over the next three years, BOI aims to significantly contribute to
Economic Growth & Job Creation
Expanding employment and business opportunities to drive GDP growth and reduce poverty.
Industrialisation
Enhancing import substitution and export promotion to boost national productivity.
Social Impact
Improving access to essential services such as healthcare and education through industrial sector growth.
Environmental Sustainability
Supporting green projects, reducing carbon emissions, and advancing a circular economy.
Overview of BOI Strategic Framework
4 Key Strategic Pillars
Our focus is to spearhead Nigeria's sustainable & inclulsive industrial development via tailored offerings to support underserved and high impact business segments
Focusing on Impact Potential
Ensure that disbursement targets align with developmental goals (e.g., MSMEs, priority sectors,
gender businesses, youth, green projects).
Develop a Developmental Impact Framework for ongoing assessment.
Expanding Value Proposition
Innovate financial products tailored to target groups.
Incorporate customer and partner feedback for continuous improvement.
Optimising Delivery Channels
Streamline delivery mechanisms to improve the speed and effectiveness of loan disbursements.
Expand digital delivery systems for better accessibility.
Diversifying Capital Base Secure diverse funding sources, including international partnerships and local investors.
Strategy Enablers
These highlights key requirements around processes, structure, competences or technology to successfully implement the strategic initiatives. For the period under review, the enablers are:
Fostering Strategic Partnerships
Engage local and international DFIs, NGOs, and private-sector partners for funding, policy advocacy, capacity building and derisking.
Strengthening Internal Capabilities
Increase staffing from 16 to 31 in the Strategy and Research division.
Build capacity through training programs and internal knowledge sharing.
Driving Digital Transformation
Deploy digital tools for impact tracking and reporting. Develop online platforms for customer engagement and training.
