…as banks facilitate the creation of 1.8million jobs
The Bank of Industry (BOI) significantly scaled up its interventionist role in Nigeria’s economic recovery in 2025, deploying N644 billion in development finance to cushion operating headwinds and stimulate real sector growth.
The strategic capital injection directly impacted 12,501 businesses and facilitated the creation of 1.6 million jobs across the country, highlighting the development finance institution’s aggressive drive to sustain productivity amidst ongoing macroeconomic adjustments.
The bank, in its 2025 annual development report,t said that it facilitated the connection of over 11,777 households to electricity, empowered 1.5m jobs, provided finance to 366 youth-owned businesses, thereby turning young entrepreneurs into employers in the period.
Speaking at the launch of the report in Abuja on Thursday, Olasupo Olusi, Managing Director, BOI, is deliberately shifting focus from measuring its success primarily by the volume of financing provided to measuring the impact the finance creates.
