BOI electrifies 100 communities, connects 11,777 power users

Nigeria's Bank of Industry (BOI) has significantly advanced rural electrification and economic development, electrifying more than 100 communities and connecting 11,777 new customers to electricity in 2025. This achievement, detailed in the bank's 2025 Development Impact Report, underscores the crucial role of development finance in tackling Nigeria's energy access challenges.

The report reveals a broader impact, with BOI's interventions creating and retaining 1.68 million jobs. The bank also linked 47,508 smallholder farmers to processing facilities and provided support to thousands of businesses. The power and utilities sector was a standout performer, with eight businesses receiving support that accelerated rural electrification and the deployment of mini-grids.

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The Power and Utilities sector emerged as a top performer, electrifying 100 rural areas and connecting 11,777 new customers through mini-grids.

Beyond power, BOI's influence extends to industrialization and economic inclusion. In agriculture, the bank facilitated farmer-to-value-chain connections, with supported firms showing substantial revenue growth and adopting cleaner production methods. Manufacturing also saw significant investment, modernizing factories and increasing capacity, while the transport and logistics sector received substantial financing, creating net jobs.

Furthermore, BOI mobilized €210 million from international partners for healthcare and agriculture, managed significant matching funds for state governments, and led the implementation of a national MSME fund. The bank also launched a Rural Area Programme, disbursing billions to support enterprises and create jobs, demonstrating a comprehensive approach to national development.

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80 per cent adopted cleaner production and emissions control.