Bank of Industry is Nigeria’s oldest, largest and most successful Development Finance Institution (DFI). Incorporated in 1959 as Investment Company of Nigeria (ICON), transformed into Nigerian Industrial Development Bank in 1964 and ultimately into Bank of Industry (BOI) in 2001.
Consequently, BOI’s mandate is the transformation of Nigeria’s industrial sector by providing financial and advisory support
- the establishment of large, medium and small projects/ enterprises, and
- the expansion, diversification, rehabilitation and modernisation of existing enterprises