Healthcare and Petrochemicals

The Healthcare and Petrochemicals Group provides support and services to companies that fall under the Healthcare, Personal Care and Petrochemicals sector. In 2021, the Group achieved approvals to the tune of N44 billion and disbursed over N 24 billion to various projects, creating an estimated 5,500 jobs and multiple medical and industrial facilities in the […]

Renewable Energy Group

The Renewable Energy Group provides financial and advisory support services to various commercial and industrial businesses switching their energy needs from fossil fuel to clean and sustainable energy solutions to reduce their initial CAPEX. In 2021, BOI provided funding over N5.27 billion in loans to support the emerging renewable energy industry in Nigeria. This has […]

Engineering and Technology

In 2021, the Engineering and Technology Group disbursed the total sum of N9.83 billion to projects within its focus area with a breakdown of about N4 billion to ICT being a sector in the forefront following the adoption of the new normal and the post-COVID era, N2.89 billion to the Power Sector and about N2.95 […]

Oil and Gas Group

In August 2018, The Bank partnered with the Nigerian Content Development and Monitoring Board to manage a $200 million Nigerian Content Intervention Fund at an interest rate of 8% (currently 6% due to the palliative measures offered to key players in the oil and gas sector). Following the opening up of the economy in 2021 […]

Gender Business Group

As of December 2021, the total sum of N5.26 billion was disbursed by the gender business group to four (4) projects during the period under review. The intervention is expected to assist beneficiaries to enhance their production capacities, and save foreign exchange through import substitution. This has led to the creation of an estimated 116 […]

Culture and Creative Industries

The Bank’s successes in financing the creative economy have earned it much recognition, especially given its low Non-performing loan (NPL) ratio. The Group has grown its risk assets to N80.6 billion as of December 31, 2021, covering 16 sectors of the Creative Economy. Notable businesses financed by the bank through the culture and creative group […]

Solid Minerals Group

Solid Minerals Group’s (SMG) area of focus is solid minerals and metals project financing. The Group’s sub-sectors include cement, ceramic tiles, granite aggregates, roofing sheets, electricity wires and cables, steel and iron products, etc. As of December 2021, the total sum of N14.28 billion was disbursed to six (6) projects during the period under review. […]

Intervention Funds

Power and Airline Intervention Fund (PAIF) has funded over 1,662.3 MW generation capacity with 1,214.3MW being new capacity. It has also re-financed part of the acquisition costs for 29 aircraft for 10 airline companies and provided working capital-related facilities of N16.4 billion for 8 airline companies. The Restructuring & Refinancing Facility (RRF) has helped in […]

Food Processing Group

The Food Processing Group has disbursed N156 Billion to companies within the sector. In 2021, the group disbursed over N27.87 Billion to about ten (10) companies in various sub-sectors for the acquisition of plants and machinery for the expansion of their existing operations, diversification and establishment of new product lines. This intervention resulted in the […]

Agro-processing Group

Through strategic partnerships with Agencies such as the Central Bank of Nigeria and the African Development Bank, BOI has supported over 110 projects with cumulative direct employment generation of over 12,000 and indirect employment of close to 120,000. As of December 31, 2021, BOI loan facilities to agro-processing large corporates stood at N116.9 billion inclusive […]