Bank of Industry, Abuja

About BOI

The Bank of Industry (BOI) is Nigeria’s oldest, largest, and most successful development finance institution. Established to transform the industrial landscape of Nigeria, BOI provides both financial and advisory support to a diverse array of businesses and sectors.

BOI offers innovative financing options, flexible loan terms, and single-digit interest rates. It supports small and medium-sized enterprises (SMEs) as well as large corporations. To date, BOI has supported over 4 million businesses and created approximately 9 million jobs across various sectors, including agriculture, creative industries, engineering, healthcare, and renewable energy.

Roles of BOI

1. Sector-Specific Financing:
   • Tailored financing solutions for micro-enterprises, SMEs, and large corporations.
   • Covers sectors such as agro- and Food Processing, Creative Industries, Engineering and Technology, Healthcare, Petrochemicals, Oil and Gas, Renewable Energy, and Solid Minerals.
2. Business Advisory and Support:
   • Provides strategic business advice and collaborates with stakeholders to enhance business performance.
   • Focuses on nurturing sustainable growth beyond financial support.
3. Generous Loan Terms:
   • Offers single-digit interest rates and extended repayment terms.
   • Designed to support startups and expanding ventures.
4. Inclusive Approach:
   • Supports disadvantaged sectors, including market women, traders, artisans, farmers, and youth-led cooperatives.
   • Contributes to economic prosperity by empowering the grassroots.

A Catalyst for Economic Development

BOI Abuja plays a central role in Nigeria’s economic landscape. By providing tailored financial products and fostering industrialization, BOI Abuja stimulates economic growth, generates employment, and enhances the nation’s GDP and stability.

Supporting Entrepreneurship and Innovation

BOI Abuja is dedicated to nurturing entrepreneurship and innovation. It offers low-interest loans, equity investments, and business development services to help turn innovative ideas into successful enterprises.

Strategic Partnerships and Collaborations

BOI Abuja engages in strategic collaborations with government agencies, international partners, financial institutions, and the private sector. These partnerships enhance knowledge sharing, capacity building, and project implementation, addressing socio-economic challenges and opportunities.

Commitment to Social Impact

BOI Abuja prioritizes social impact and corporate responsibility by investing in community development, youth empowerment, and environmental sustainability. It aims to create lasting, positive impacts on society and promote inclusive growth.

Future Outlook and Vision

With a focus on economic transformation and industrialization, BOI Abuja is committed to expanding its reach, improving service delivery, and empowering more entrepreneurs and businesses across Nigeria.

Get in Touch

• Open: Mon – Fri from 8am – 5pm
• Address: Plot 256, Zone A O, Off Herbert Macaulay Way, Behind Unity Bank, Central Business District, FCT-Abuja
• Email: [email protected]
• Phone: 08035130669
• Website: www.boi.ng

Frequently Asked Questions About Bank of Industry, Abuja

1. What is the Bank of Industry (BOI) and its role in Nigeria?
   • BOI is Nigeria’s premier development finance institution, providing financial assistance and support services aimed at industrial growth and economic development.
2. Where is the Bank of Industry in Abuja located?
   • Plot 256, Zone A, Off Herbert Macaulay Way, Behind Unity Bank, Central Business District, FCT-Abuja.
3. What services does the Bank of Industry in Abuja offer?
   • Offers loans, equity investments, guarantees, business advisory services, and capacity-building programs.
4. Who can apply for funding from the Bank of Industry, Abuja?
   • Funding is available to SMEs, large enterprises, startups, and existing businesses across various sectors.
5. What are the eligibility criteria for accessing funds from BOI Abuja?
   • Criteria include a viable business plan, adequate collateral, a positive credit history, and compliance with sector-specific requirements.
6. How can I apply for funding from BOI Abuja?
   • Apply online through the BOI website or visit a BOI office for personalized assistance.
7. What types of financial products does BOI Abuja offer?
   • Includes term loans, working capital loans, equipment loans, project financing, and sector-specific funds.
8. Does BOI Abuja provide grants or equity investments?
   • Primarily, it offers loans and guarantees, with equity investments available through subsidiaries and partnerships.
9. What support does BOI Abuja offer beyond financial assistance?
   • Provides business development services, capacity-building programs, market linkages, and access to technical expertise.
10. How does BOI Abuja contribute to Nigeria’s economic development?
    • Through industrialization, job creation, poverty alleviation, and support for entrepreneurship and SME development,.

Conclusion

The Bank of Industry in Abuja is pivotal in shaping Nigeria’s industrial and economic landscape. With its comprehensive financial products, strategic partnerships, and commitment to social impact, BOI Abuja continues to foster sustainable development and inclusive growth in Nigeria.