Market Focus

Nigerian Businesses in Need of Financial Support

There are certain factors that determine if a business is suitable for BOI to partner with. We service:

  • Small, medium and large enterprises, excluding cottage industries.
  • Committed and credit-worthy promoters with a project contribution of at least 25%, excluding land.
  • New or existing companies, seeking expansion, modernisation or diversification.
  • Clients with the evident ability to meet loan repayment schedules.
  • Borrowers who possess trustworthy management capability, financial situation, character, and reputation .
  • Borrowers with no prior record of unpaid loans to development finance institutions and commercial banks.


We believe that collaboration is necessary to achieve our goal of economic transformation through a diverse ecosystem of private and public partners. Working together, we can deliver more sustainable and equitable solutions and amplify our impact.


Supporting Quality Nigerian Projects

BOI’s emphasis is on careful project selection and management. Accordingly, the bank supports quality projects with potential development impact.  

In furthering our commitment to creating impact in all parts of the country, we have offices in each of Nigeria’s geo-political zones and FCT Abuja.

The Bank of Industry assists projects to generate considerable multiplier effects such as job creation and poverty alleviation, both of which invariably enhance Nigerians’ social and economic conditions.

As a result of the high priority the bank places on the developmental impact of its operations, BOI is eminently positioned to manage foreign grants and aids that are given to facilitate the attainment of the nation’s developmental aspirations: the implementation of the National Economic Empowerment and Development Strategy (NEEDS). The realization of the Federal Government’s sustainable pro-employment of a 10% economic growth rate per annum and the Millennium Development Goals.


Mitigating Risk and Seizing Opportunities

BOI addresses risk management with the multi-dimensional approach of Enterprise-wide Risk Management (ERM) where the interaction of risks is assessed for their combined effects on the organization’s objective.

The Bank recognizes that risks should not be treated individually but collectively to achieve its mandate of providing financial assistance for the establishment of large, medium and small companies as well as expansion, diversification, modernization of existing enterprises and rehabilitation of ailing ones.

With an emphasis on risk management as an essential tool for achieving the Bank’s objectives, the BOI Board of Directors set the risk strategies and policies of the Bank and also ensures that the policies and mechanisms are enough to identify and control risk effectively. These policies define acceptable levels of risk for the Bank as well as the criteria for risk assessment.

The Board provides an oversight function for the risk management and internal control systems of the Bank, as well as carries out periodic reviews of the risk management system for adequacy and effectiveness. In line with best practices, BOI continues to institutionalise a sound and robust Enterprise-wide Risk Management framework with a focus on minimizing risks while seizing opportunities in the achievement of our Mission. This risk methodology of the Bank is in line with the five broad components of the COSO 2017 ERM Framework guidelines namely: Governance and Culture; Strategy and Objective Setting; Performance; Review and Revision; and Information, Communication and Reporting.

Our Focus