Impact in Oil and Gas

In 2021, BOI disbursed N36.9 billion to 24 oil and gas projects with the potential to generate an estimated 164,205 direct and indirect jobs.

Additionally, the Bank also manages the $300 million Nigerian Content Intervention Fund (NCIF) on behalf of the Nigerian Content Development and Monitoring Board (NCDMB). The board also has a $50 million fund for Research and Development (R&D), which both parties are discussing the possibility of being managed by BOI.