The Bank of Industry has unveiled a financing strategy that will see 80 per cent of its lending to large enterprises channelled into priority sectors, including power, manufacturing, agribusiness, pharmaceuticals and digital infrastructure, as it positions itself at the centre of Nigeria’s industrial revival efforts.
The development finance institution said the move forms part of its 2026 strategy aimed at addressing some of the country’s biggest economic challenges, including soaring inflation, persistent foreign exchange shortages, high energy costs and weak industrial productivity.
The bank disclosed the plans in its 2025 Annual Development Impact Report, analysed by our correspondent, describing 2026 as a “strategic inflection point” in its three-year transformation agenda.
According to the report, 35 per cent of its total funding will be channelled to micro, small and medium enterprises, while 80 per cent of financing to large enterprises will be directed to priority sectors.
The bank will also dedicate 30 per cent of large enterprise financing to infrastructure projects, 15 per cent to women-owned businesses, 20 per cent of MSME financing to young entrepreneurs, 10 per cent to green projects and 15 per cent to digital and information technology initiatives.
