Company website: https://www.boi.ng/

Profile

Bank of Industry Limited is Nigeria’s foremost Development Finance Institution (DFI). It was incorporated in 1959 as the Investment Company of Nigeria (ICON) Limited and reconstructed into the Nigerian Industrial Development Bank (NIDB) in 1964 under the guidance of the World Bank. The International Finance Corporation, which produced BOI’s pioneer Chief Executive held 75% equity along with a number of domestic and foreign private investors.

The Bank transformed into the Bank of Industry in 2001, following the merger of the mandates of NIDB, Nigerian Bank for Commerce and Industry (NBCI) and the National Economic Reconstruction Fund (NERFUND).

BOI has a mandate to transform Nigeria’s industrial sector by providing financial assistance for the establishment of large, medium and small enterprises, and rehabilitation of ailing ones; BOI also aims to drive expansion, diversification and modernisation of existing enterprises. The Bank’s mandate is geared towards supporting projects with potential developmental impact, and the capability to generate considerable multiplier effects such as industrialisation, job creation, and poverty alleviation, all of which would have significant positive effects on the socio-economic condition of Nigerians.

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 our state offices nationwide.

Vision, Mission and Mandate

Vision: To be Africa’s leading development finance institution operating under global best practices.

Mission: To transform Nigeria’s industrial sector by providing financial & business support services to enterprises.

Mandate: 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 existing ones.

Event Sponsorships

Bonds, Loans & ESG Capital Markets Africa 2024 - Silver Sponsor

Bonds, Loans & ESG Capital Markets Africa 2023 - Silver Sponsor

Bonds, Loans & Sukuk Africa 2022 - Silver Sponsor

Contributors

Leonard Kange

Speaker at these events:

Bonds, Loans & ESG Capital Markets Africa 2024

• Attracting foreign investment into Africa: Where do international investors see the most potential? What more can Africa do to increase international investor appetite?

Dr. Olasupo Olusi

Olukayode Pitan

Speaker at these events:

Bonds, Loans & ESG Capital Markets Africa 2023

• The price is (not) right: How are corporates and FI borrowers and issuers managing their balance sheets given the increased cost of funding?

Bonds, Loans & Sukuk Africa 2022

• The rise of social infrastructure: How has the continent’s project pipeline evolved given the necessary “prioritisation” of healthcare and affordable housing?