The Bank of Industry (BOI) has disclosed that its investments in power and rural infrastructure electrified more than 100 communities and connected 11,777 new electricity users in 2025, highlighting the growing role of development finance in addressing Nigeria’s electricity access challenges.
The bank said its intervention reflects a broader commitment to supporting sustainable infrastructure projects that improve livelihoods, stimulate economic activities, and expand reliable electricity supply in underserved communities across the country.
Furthermore, BOI emphasised that increasing access to electricity remains essential for driving industrialisation, promoting entrepreneurship, and accelerating inclusive economic growth.
Expanding Rural Electrification
According to the Bank of Industry, expanding electricity access to rural communities remains one of its major development priorities.
Furthermore, investments in off-grid and rural electrification projects continue to improve access to reliable power for households, schools, healthcare facilities, farms, and small businesses that previously depended on expensive and unreliable energy sources.
Reliable electricity improves quality of life.
Connecting Thousands of New Users
The bank revealed that its power investments enabled 11,777 new electricity connections during 2025.
Furthermore, these new connections have expanded opportunities for economic activities while providing communities with improved access to lighting, communication, education, and essential public services.
Greater connectivity supports inclusive development.
Supporting Small Businesses
BOI noted that improved electricity supply directly benefits Micro, Small and Medium Enterprises (MSMEs).
Furthermore, reliable power enables businesses to reduce operating costs, improve productivity, extend working hours, and increase profitability while creating additional employment opportunities within local communities.
Stable electricity strengthens enterprise growth.
Driving Industrial Development
The bank explained that expanding electricity infrastructure supports Nigeria’s industrialisation agenda by creating an enabling environment for manufacturing and value addition.
Furthermore, industries depend on reliable power to improve efficiency, attract investment, and compete more effectively within domestic and international markets.
Energy infrastructure drives industrial productivity.
Development Finance as a Growth Catalyst
BOI reaffirmed that development finance institutions play a vital role in closing infrastructure gaps that commercial financing alone may not adequately address.
Furthermore, strategic investments in power, transportation, agriculture, healthcare, and manufacturing continue to stimulate economic activities while supporting long-term national development objectives.
Development finance accelerates economic transformation.
Improving Living Standards
The bank highlighted the social impact of expanded electricity access across rural communities.
Furthermore, improved power supply enhances healthcare delivery, strengthens educational outcomes, supports digital connectivity, and creates safer environments for families and businesses.
Access to electricity transforms communities.
Commitment to Sustainable Energy
BOI also reaffirmed its commitment to supporting sustainable energy solutions capable of expanding electricity access while promoting environmental sustainability.
Furthermore, continued investments in renewable energy and rural infrastructure are expected to contribute significantly to Nigeria’s efforts to close the national energy access gap and support economic resilience.
Clean energy supports sustainable development.
Powering Inclusive Economic Growth
The Bank of Industry concluded that expanding electricity access remains fundamental to achieving inclusive economic development.
Furthermore, by electrifying more than 100 communities and connecting 11,777 new electricity users in 2025, the bank continues to demonstrate how targeted development finance can strengthen rural economies, improve livelihoods, support business growth, and contribute meaningfully to Nigeria’s long-term industrial and economic transformation.
