{"id":9416,"date":"2026-11-05T00:01:14","date_gmt":"2026-11-05T00:01:14","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/05\/boi-ifc-sign-50m-loan-deal-to-boost-msme-financing\/"},"modified":"2026-11-05T00:01:14","modified_gmt":"2026-11-05T00:01:14","slug":"boi-ifc-sign-50m-loan-deal-to-boost-msme-financing","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/05\/boi-ifc-sign-50m-loan-deal-to-boost-msme-financing\/","title":{"rendered":"BOI, IFC sign $50m loan deal to boost MSME financing"},"content":{"rendered":"<div readability=\"84.197909407666\">\n<p>Bank of Industry Limited and International Finance Corporation, a member of the World Bank Group, have signed a $50m senior loan to expand long-term financing for micro, small and medium-sized enterprises across Nigeria. The commitment forms part of a broader IFC investment package of up to $100m in support of BOI, with at least 25 percent of the loan proceeds dedicated to women-owned businesses.\n<\/p>\n<p>The agreement was signed at the Africa Financial Industry Summit 2026 by the Managing Director\/Chief Executive Officer of BOI, Dr. Olasupo Olusi, and the Managing Director of IFC, Makhtar Diop.\n<\/p>\n<p>The seven-year tenor of the loan will strengthen BOI\u2019s funding base and allow it to extend longer-term finance to productive businesses in manufacturing, agriculture, renewable energy and importantly the Nigerian creative industries with the potential for job creation for the countries growing youthful population.\n<\/p>\n<p>The deal is focused on accelerating industrial development, supporting productive enterprises, and\u00a0 reinforcing BOI\u2019s ability to channel patient capital to businesses that create jobs, strengthen local value chains and support Nigeria\u2019s inclusive industrial development.<\/p>\n<p>Speaking on the approval, Olusi said the transaction demonstrates the power of strategic development finance partnerships. <\/p>\n<div class=\"read-also\">\n<header>Related News<\/header>\n<\/p><\/div>\n<p>\u201cThis partnership represents a strong vote of confidence in BOI\u2019s mandate, institutional capacity and role in advancing Nigeria\u2019s industrial development. The US$50 million facility will strengthen our ability to provide long-term financing to MSMEs and productive enterprises with a deliberate focus on expanding opportunities for women-owned businesses. Beyond the immediate financing, our collaboration with IFC reflects a shared commitment to mobilising capital, supporting enterprise growth and creating sustainable jobs. We see this as an important milestone in building a deeper strategic partnership that will contribute meaningfully to Nigeria\u2019s economic transformation.\u201d\n<\/p>\n<p>Diop said expanding access to long-term finance is essential to helping Nigeria\u2019s smaller businesses grow, create jobs, and strengthen local value chains. \u201cThrough our partnership with the Bank of Industry, we are combining financing with local capital-market solutions to mobilise more private capital and expand local-currency funding for MSMEs, including women-owned businesses.\u201d<\/p>\n<p>The IFC support aligns with BOI\u2019s strategic priorities around MSME development, gender inclusion, enterprise growth and sustainable industrialisation. It also supports the Federal Government of Nigeria\u2019s broader objective of expanding private sector-led growth, deepening access to finance and strengthening Nigeria\u2019s productive base.\n                    <\/p>\n<\/div>\n<div readability=\"19.395348837209\">\n                                                                <b><a href=\"https:\/\/punchng.com\/author\/arinzenwafor\">Arinze Nwafor<\/a><\/b><\/p>\n<p>Arinze Nwafor is a journalist at Punch Newspapers with five years of experience reporting on Nigeria\u2019s economy, industry, data, metro, and judiciary. He focuses on highlighting growth, policy, and market challenges shaping Africa\u2019s largest economy. Arinze\u2019s reporting reflects practical newsroom experience, editorial judgment, and a strong commitment to accurate, informative, and audience-focused journalism.<\/p>\n<\/div>\n<p>Source: <\/p>\n<div class=\"nSourse\">Punch Newspapers &#8211; Latest News<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bank of Industry Limited and International Finance Corporation, a member of the World Bank Group, have signed a $50m senior loan to expand long-term financing for micro, small and medium-sized&hellip; <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-9416","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/9416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=9416"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/9416\/revisions"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=9416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=9416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=9416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}