ABOUT BOI
Nigeria’s oldest and most successful DFI
We are an efficient, focused and profitable institution that is well placed to effectively carry out its primary mandate of providing long-term low-interest financing to the industrial sectors of the Nigerian economy.
The Bank of Industry Limited (BOI) is Nigeria's oldest, largest, and most successful development financing institution (DFI). It facilitates the transformation of Nigeria's industrial sector by providing financial and advisory support for the establishment of large, medium, and small projects/ enterprises and the expansion, diversification, rehabilitation, and modernization of existing enterprises.
This commitment has continuously driven us to develop innovative strategies, interventions, and solutions that are propelling the Nigerian economy towards sustained growth. The Bank continues to support growth across various sectors, including Agro and Food Processing, Creative Industries, Engineering and Technology, Healthcare and Petrochemicals, Oil and Gas, Renewable Energy, and Solid Minerals, leveraging its 33 state offices nationwide.
Our drive for developmental impact is far-reaching, cutting across vital industrial sectors, geopolitical zones, and multilateral stakeholders. We are focused on nurturing and expanding our economy's emerging sectors while supporting established segments for increased global impact.
Contributing To Sustainable
Development Since 1964
Since our inception, BOI has consistently supported numerous Nigerian businesses across various sectors, including Agro and Food processing, Oil and Gas, Solid Minerals, Healthcare and Petrochemicals, Creative Industries, Renewable Energy, Engineering, and Technology.
Mission
To transform Nigeria's industrial sector by providing financial and business support services to enterprises.
Vision
To be Africa's leading development finance institution operating under global best practices.
Mandate
To provide financial assistance for large, medium and small enterprises; as well as expansion, diversification and modernisation of existing enterprises; and rehabilitation of failing ones.
Our Guiding Principles and
fundamental beliefs
Our Guiding Principles and fundamental beliefs
Service
We believe in doing everything possible to aid our clients on their journey to success
Passion
We love to see our clients succeed and grow across different promotions
Integrity
We operate with complete honesty and transparency in all our dealings .
Professionalism
We carry out our duties with the highest efficiency
and importance
.
Resourcefulness
We deliver unique solutions to the financial problems of Nigerian businesses
Innovation
We believe in the powerof technology and its importance in growing our economy
Team Spirit
We believe in partnership, equity, and collaboration with our stakeholders
Market Focus
Factors that determine if a business is suitable for BOI to partner with:
Small, medium and large enterprises, excluding cottage industries.
Clients with the evident ability to meet loan repayment schedules.
New or existing companies, seeking expansion, modernisation or diversification.
Borrowers who possess trustworthy management capability, financial situation, character, and reputation.
Committed and credit-worthy promoters with a project contribution of at least 25%, excluding land.
Borrowers with no prior record of unpaid loans to development finance institutions and commercial banks.
Our Subsidiaries
A catalouge of all BOI owned entities, each dedicated to delivering on our
mandate to transform the Nigerian industrial and private sector.
Our Partners
Collaboration is integral to what we do. We work with governments and high-level organizations to ensure our vision of a more sustainable Nigerian economy becomes a reality.
