BankOfIndustry BOI providing loan credit cards facilities for business

What is Bank Of Indusrty (BOI)?

The BOI (Bank Of Industry) Nigeria

What does BOI NG stand for?

The BOI stand for Bank Of Industry (BOI), and NG stand for Nigeria (NG) and the PLC stand for Public Limited Company (PLC) and LLC stand for Limited Liability Company (LLC) or Ltd for Limited.

Bank of Industry (BOI) ...transforming Nigeria's industrial sector. 

The Bank of Industry or BOI for short is a private banking company owned by the Central Bank of Nigeria (CBN), the Ministry of Finance incorporated Nigeria and private shareholders focused on providing loan credit facilities for industrial & manufacturing sectors.

The Bank of Industry Limited (BOI) is Nigeria’s oldest, largest and most successful development finance institution. It was reconstructed in 2001 out of the Nigerian Industrial Development Bank (NIDB) Limited, which was incorporated in 1964.

The International Finance Corporation held 75% of its equity along with a number of domestic and foreign private investors, while Nigerian government held 25% of the equity.

Today BOI is an efficient, focused and profitable institution that is well placed to effectively carry out its primary mandate of providing long-term financing to the industrial sector of the Nigerian economy.

BOI have a Vision to be Africa’s leading Development Finance Institution (DFI) operating under global best practices. And Mission to transform Nigeria’s industrial sector by providing financial and business support services to enterprises.

With a Mandate of providing financial assistance for the establishment of large, medium and small projects as well as expansion, diversification and modernisation of existing enterprises, and rehabilitation of ailing ones.

BOI with the Federal Government wants to strengthen the existing relationship in good faith with various industries domiciled in all the states to ensure that the Public-Private Partnership (PPP) agenda is built upon.

BOI will lend you money as long as you're determined to make your business a success. You don't need to know anybody within BOI before it lends you money.

Note that if BOI loans you money and you defaulted, your name will be put in a "BLACK-LISTED" and no banks in Nigeria will ever loan you money again. So, think very carefully before looking for a loan facility. Just forget about planning how not to pay back before looking for loan facilities.

BOI will help you and suggest a number of practical steps or ways to build a resilience business for the future by emphasizing on 3As- Act, Analyse, and Anticipate.

The Act focused on the short term horizon, and the initial few weeks of response to the crisis to ensure the current situation was managed properly, continuity plans were brought into place and the wellbeing of workers was protected.

On Analyse, the emphasis on the medium-term horizon reflected the focus on starting to build a recovery path in order to resume its business operations, planned in manageable phases.

In the Anticipate phase, the emphasis is on the longer-term horizon focused on innovation and understanding how business must evolve in the face of the crisis. 

BOI will encourage you to demonstrate a firm understanding of business development issues bordering on resource mobilisation,collaboration with government agencies, development partners, follow due process, transparency and the rule of law, which is in line with best practices and approach to managing business in civilised climes.


• Innovation
• Integrity
• Passion
• Professionalism
• Resourcefulness
• Service
• Teamwork

E-passports, digital wallets, building access cards, debit and credit cards, banking information, transit passes, voter information, and health records [all in one place for every person on Earth] -

A number of central banks are actively exploring central bank digital currency options, and the Federal Reserve is monitoring these developments closely. Because USA need the digital currency to help preserve the primacy of the dollar worldwide.

As cashless society allows the government total knowledge of, and control over the finances of every body.

Even though [Blockchain Feb 20] Sweden is now testing its digital version of cash, the e-krona. Also [Home/ Business News 27 May 2020 12:55] China to launch digital yuan next year {2021} to replace cash.

In general - All federal reserve banks shall, not later than January 1, 2021, make digital wallets available to all residents and citizens of the United States and do businesses domiciled in the United States.


Agro and food processing, Oil and Gas, Solid Minerals, Healthcare and Petrochemicals etc.


  • Commercial credits
    • Commercial banks
    • Microfinance banks

  • Developmental funding
    • Development Financial Institution
      • Bank of Industry (BOI)
      • Bank of Agriculture (BOA)
      • Federal Mortgage Bank (FMB)

  • Intervention Funds
    • Textile Intervention Fund
    • Power Intervention Fund
    • Aviation Intervention Fund

25th Edition of Micro, Small and Medium Scale Enterprises (MSME) Clinic In Asaba, Delta State

MSME was designed to drive growth of local businesses linking government agencies and small businesses.

The initiative will create a business-friendly ecosystem where MSMEs have unfettered access to relevant government agencies.

Sponsoring the MSME Clinic at the Dome Event Centre, Okpanam Road, Asaba in Delta State are:

  • Bank of Agriculture (BOA)
  • Bank of Industry (BOI)
  • Corporate Affairs Commission (CAC)
  • Development Bank of Nigeria (DBN)
  • Federal Inland Revenue Service (FIRS)
  • Industrial Training Fund (ITF)
  • National Agency for Food and DrugAdministration and Control (NAFDAC)
  • National Information TechnologyDevelopment Agency (NITDA)
  • Nigerian Export Promotion Council (NEPC)
  • Nigerian Export-Import Bank (NEXIM)
  • Raw Materials Research and DevelopmentCouncil (RMRDC)
  • Small & Medium EnterprisesDevelopment Agency of Nigeria
  • Standards Organisation of Nigeria (son)...improving life through standards
Note that the Federal government hopes the state government will take a cue and establish programs to support SMEs.


• Agro and food processing
• Creative Industries
• Engineering and Technology
• Healthcare and Petrochemicals
• Oil and Gas
• Renewable Energy
• Solid Minerals
• Women and Youth

Occasionally, BOI brings in the Business Development Service Provider (BDSP) or the subject matter expert (SME) Consultants to enhance credit delivery process for Small and medium-sized enterprises (SMEs) in Abuja, Lagos, South East, South West, South South and South North.

The Business Development Service Provider BDSPs (created in 2014) Geographical Spread as follows:

North Central 47
North East 9
North West 22
South East 31
South South 43
South West 104
National 95

BDSP Responsibilities

• Identify credible SMEs that requirefinancing
• Develop bankable business plans andproposals
• Conduct periodic postfinancemonitoring
• Provide post-finance mentorship,hand-holding, financial advice
• Conduct capacity building programmes for prospective and current customers
• Inculcate the benefits of cluster ship,networking and cooperative formation
• Support SMEs in developing synergiesand sustainable relationship


North Central N27.1bn disbursed to1456 enterprises
North East N410.4mn disbursed to 89 enterprises
North West N14.77bn disbursed to 363 enterprises
South East N5.78bn disbursed to 241 enterprises
South South N22.17bn disbursed to 121 enterprises
South West N163.3bn disbursed to 7852 enterprises

BDSP Performance Review (2015 - 2019 Summary)

The review of the total fees paid to BDSPs from September 2015 to November 2019

 A total of 207.58million naira insuccess fees was paid to BDSPs between Sept 2015 - Nov 2019

 126.55million naira in success fees waspaid to BDSPs between July 2018 - Nov 2019

 61% of the total success fees paid so far to BDSPs werepaid in the last 16 months (July 2018 - Nov 2019). This increase was primary driven by the upward review in fees earned by the BDSPs.

• A 75% (147.7mn) of the success fees paid were for loan approvals Vs 25% (49.1mn) of the success fees paid were for loans disbursed reflecting the fact that more work needs to be done in following up/monitoring of clients to achieve disbursement.

BDSPs Loan Performance FY'2015 (Jan) - FY'2019 (June)   [Source: Risk Management Division (RMD), Bank of Industry]

Major Trends, Referred Customer Loan Performance FY2015(Jan) - FY2019 (June)

 By value, 92% (N13.8bn) of loans are performingvs 8% (N1.2bn) that are non-performing. This shows that BDSPs are getting goodquality transactions.

 62% (92) of number of loans are performing Vs 39% (60) that are non-performing


  • Risk Assets
    • Balance sheet
    • Income Statement
    Note: High performing banks have strong net interest income.

  • Business Environment
    • Economy
    • Industry
    Note: Knowledge of the industry and of the borrower's business.

  • Competence
    • Skills & Principles
    • Integrity
    Note: Knowledge + Exposure + Intuition = Success

Bank of Industry Supports Fashion Industries

 The current value of the global fashion industry stands at $3 Trillion Dollars.
 African Fashion industry is currentlyworth $31 Billion Dollars.
 Nigeria Fashion industry valued at $4.7Billion Dollars.... [source: Euromonitor 2019 data]

Bridging the gap of access through technology...

BOI HOLDS CAPACITY BUILDING FOR MOVIE PRODUCERS AND DISTRIBUTORS IN LAGOS for Existing and Potential Customers in Filming and Movie distribution Chains.

 Performance and Growth Pattern As At 31st October 2019 (Cumulative Risk Assets)

 4. MEDIA & PUBLISHING (N6.580bn)
 8. FASHION (N0.005bn)


  • Infancy and Childhood - Age 0-21 Focusis on Education/learning skills for the other stages of life.
  • Professional Adolescence - Age 21-34 Focus on Building Financial Foundations
  • Professional Maturity - Age 35-50 Wealth Accumulation and advanced planning
  • Full Financial Freedom - Age 55 and above Wealth Harvest and Preservation.

 Disciplined budgeting
 Asset Protection/Insurance
 Estate planning
 Retirement plan

SME Academy 2019 is about Optimising People, Process& Products

BOI with Procter & Gamble (P&G), BusinessDay Editorial Collaborate to support SME Academy 2019 - A commitment to Nigeria's Entrepreneurship Ecosystem. Note that Procter and Gamble has been in business for 180+ years.

P&G give advice to be clear about your offering but never compromise excellent service delivery. Also adhering to global standards will open international doors for local businesses. Entrepreneurs must learn to build enduring, excellently structured businesses.


 1. Apparel and Garments
 2. Shoes and Leather
 3. African Foods
 4. Coffee
 5. Cocoa
 6. Vegetables, Fruits and Nuts
 7. Gemstones
 8. Live Ornamental Fish
 9. Furniture and Artworks
 10. Printed Books, Brochures



The Trader Market Moni

TRADER / MARKET MONI Disbursement is a Government Enterprise& Empowerment Programme - A collateral-free loan (from N10000.00 naira and N100000.00 naira) is targeted at Nigerian market men and women, to help boost their businesses.

Federal Government to disburse 30 thousand "TRADERMONI" LOANS in each state of the federation.

BOI and Vatebra Tech-Hub Providing Corporate Social Responsibility

  • Co-work spaces
  • Incubation
  • Training
  • Robotics
VATEBRA Tech Hub provides shared office spaces, high-speed internet, and well-equipped robotics training. Include Capacity development, Entrepreneurship and inclusive tech education.

BOI sponsors Vatebra tech hub, Ajah. Also, 9 MOBILE partners BOI to supply high speed internet. BOI is a supporting hub in recognition of ingenuity and creativity of Youths inNigeria. BOI would replicate projects across the country. 

Frequently Asked Questions (FAQ) on States Address of Bank of Industry:

 address of bank of industry
 address of bank of industry in port harcourt
 branches of bank of industry in nigeria
 establishment of bank of industry
 explain bank of industry
 explain the establishment vision and mandate of the bank of industry
 how can i get loan from bank of industry in nigeria
 how do i get loan from bank of industry
 how much does bank of industry pay
 how to apply for bank of industry grant
 how to apply for loan in bank of industry
 how to get grant from bank of industry
 how to get loan from bank of industry
 how to open account with bank of industry
 list the functions of bank of industry
 location of bank of industry in abuja
 the role of bank of industry in entrepreneurship development in nigeria
 what is bank of industry all about
 what is the function of bank of industry
 what is the meaning of bank of industry
 when was bank of industry established
 when was bank of industry established in nigeria
 where is bank of industry in abuja
 where is bank of industry in lagos
 where is bank of industry located in enugu
 where is bank of industry located in nigeria
 where is bank of industry located in lagos
 where is bank of industry located in ibadan
 where is bank of industry located in calabar
 where is bank of industry located in abuja
 who is the ceo of bank of industry     ANSWER: Mr. Olukayode A. Pitan - Managing Director / Chief Executive Officer (CEO)

BOI Presence Across Nigeria as of Year 2022

Head Office
BOI Building,
23 Marina Road, Lagos Island, Lagos State
Corporate Office
Plot 256,
Zone A O, off Herbert Macaulay way, Behind Unity Bank, Central Business District, FCT-Abuja
Abia State
25B Adelabu Street, Adelabu Housing Estate, Umahia, Abia State
Anambra State
39, Zik Avenue, Akwa, Anambra State
Bauchi State
BOI House, Maiduguri Road, Bauchi State
Benue State
Plot BNA 8837, beside Fajeh Global Resources Filling Station, Ankpa Road, Makurdi
Borno State
5 Sir Kashim Ibrahim Way, Opposite GT Bank, Maiduguri, Borno
Cross River State
115 Marian Road, Calabar, Cross River State
Delta State
Karyle Tower, No. 10, Delta State Broadcasting Station (DBS) Road, opp Deputy Governor's Office, Asaba Delta State
Edo State
Edo Production Centre, Magistrate Court Compound, Evbuoriaria, Sapele Road, Benin City, Edo State
Enugu State
47 Coal City Garden Estate, Behind Central Bank, Osapara Avenue, Enugu State
Gombe State
Shonga Estate, near NNPC Depot, Gombe State
Kaduna State
BOI House, PMB 2141 Muhammadu Buhari way, Kaduna State
Kano State
Plot 7, Guda Abdulani Road,
City Center (Farm Center) Tarauni, Kano
Katsina State
10, WTC Road, Zamani House,Opp CBN Building, GRA Katsina
Kebbi State
Plot A1, Sultan Abubakar Rd, GRA, Birin Kebbi, Kebbi
Kwara State
Adanma Bola Saad House, by Mat-Rite Supermarket, Ahmadu Bello Way, G.R.A llorin
Lagos State
3 Ashabi Cole Street, Agidingbi Road, CBD Alausa, Ikeja, Lagos
Niger State
DST Plaza, Paiko Road, by FRSC Oce, Tunga, Minna, Niger state
Ogun State
Oluwatoyin House, Lalugu Road, Okelewo, Abeokuta, Ogun State
Ondo State
Oba Adesida Road, opp First Bank, Alagbaka, Akure, Ondo state
Osun State
10 Obafemi Awolowo way, Igbona, Osogbo
Oyo State
Green Plaza, NTC Leaf Road, Beside FIRS Oce, Iyaganku GRA, Ibadan, Oyo
Plateau State
15 Jengre/ Richard Road, Murtala Muhammed Way, Jos, Plateau State
Rivers State
105 Olu Obasanjo Road, opp. Dominos Pizza, Port-Harcourt
Sokoto State
6 Ahmadu Bello way, Sokoto
Taraba State
72, Ham Maruwa Way, opposite GTBank, Jalingo, Taraba

(Funding Bank of Industry Projects)

Who are the lenders or funding of industry funding projects? Following institutions are the bank of industry lenders:-

  1. African Export Import Bank
  2. African Finance Corporation
  3. Atlantic Forfaitierungs AG
  4. Commerzbank Aktiengesellschaft, Filiale Luxembug
  5. Credit Europe Bank N.V.
  6. Credit Suisse AG, London Branch
  7. Credit Suisse International
  8. Federated Project and Trade Finance Core Fund
  9. Federated Project and Trade Finance Tender Fund
  10. Finantia UK Ltd
  11. First Rand Bank Limited (London Branch),acting through its Rand Merchant Bank division
  12. ICBC Standrd Bank Plc
  13. Investec Asset Management Proprietary Limited acting as agent and portfolio manager of Investec Africa Credit Opportunities PCC Limited, relating to its Cell Investec Africa Credit Opportunities Fund 1A
  14. Investec Asset Management Proprietary Limited acting as agent and portfolio manager of Investec Assurance Limited
  15. Investec Asset Management Proprietary Limited acting as portfolio manager of Investec Africa Credit Oppotunities Fund 2
  16. KfW IPEX-Bank GmbH
  17. RMB International (Mauritius) Ltd
  18. Sanlam Life Insurance Limited (acting through its Sanlam Capital Market division)
  19. SBM Bank (Mauritius) Ltd
  20. Stanbic IBTC Bank Plc
  21. Standard Chartered Bank
  22. Sumitomo Mitsui Banking Corporation, London Branch
  23. Tunis International Bank
  24. Zenith Bank (UK) Limited

            Contactless Card Home | About Us | Affiliate Agreement | Anti-Spam Policy | Contact Us
            Privacy Policy | Dmca Notice | Terms of Use | Link to Us