BOI Launches Sustainable Finance Framework to Empower Nigerian Businesses
The Bank of Industry (BOI).
The Bank of Industry (BOI) has introduced a Sustainable Finance Framework aimed at supporting Nigerian businesses that promote environmental and social impact. This move is part of BOI’s broader strategy to drive long-term development, social inclusion, and climate-friendly growth across the country.
What the Framework Offers
This new framework helps BOI align its financing activities with global sustainability standards like the UN Sustainable Development Goals, the Paris Agreement, and the Nigerian Sustainable Banking Principles. It focuses on a triple-bottom-line approach—People, Planet, and Profit—ensuring that funded businesses not only make money but also improve lives and protect the environment.
With this, BOI can now raise and distribute Green, Social, and Sustainability Bonds and Loans. These funds will support projects in renewable energy, clean transportation, agro-processing, healthcare, education, and digital infrastructure.
Who Can Benefit and How
Nigerian entrepreneurs, especially small and medium-sized enterprises (SMEs), can benefit by applying for funding if their businesses are aligned with sustainable practices. The framework allows BOI to offer blended and concessional capital—a mix of grants and low-interest loans to businesses that promote job creation, gender inclusion, climate action, and export growth.
To benefit, businesses must:
Operate in one of BOI’s priority sectors.
Showcase a business model with positive social or environmental impact.
Meet BOI’s Environmental, Social and Governance (ESG) requirements.
Interested entrepreneurs can visit BOI offices across 33 states or apply online through the BOI website to access financial and advisory support.
“Sustainability is no longer optional—it is the path to building stronger businesses and a better Nigeria. Through this framework, we are empowering enterprises that create value for people, protect the planet, and generate lasting profit.
— Dr. Olasupo Olusi, Managing Director/CEO, Bank of Industry
A Word from BOI
“This framework marks a significant milestone in our journey to become a fully sustainable development finance institution,” said Dr. Olasupo Olusi, Managing Director of BOI. “It reflects our strategic intent to finance enterprises that deliver both economic value and measurable social and environmental benefits.”
With the Sustainable Finance Framework, BOI is not just offering loans—it is building a better future for Nigeria. By supporting businesses that care for people and the planet, BOI is helping to create a resilient, inclusive economy. Now is the time for Nigerian businesses to align with sustainability and seize this opportunity.
