BOI Launches Sustainable Finance Framework to Drive Inclusive Growth
Written by Blessing Ajibuwa on June 23, 2025
The Bank of Industry (BOI) has launched its Sustainable Finance Framework, designed to drive inclusive and climate-resilient growth in Nigeria. This framework aligns with BOI’s 2025-2027 corporate strategy, prioritizing long-term development impact, environmental stewardship, social inclusion, and creating shared value. By supporting businesses committed to sustainable practices, the framework aims to unlock access to blended and concessional capital, advancing national priorities like climate resilience, job creation, gender inclusion, and export diversification.
Key Highlights
– *Inclusive Growth*: The framework prioritizes long-term development impact, environmental stewardship, and social inclusion, ensuring that growth is equitable and sustainable.
– *Climate Resilience*: BOI aims to support businesses that promote climate-resilient practices, contributing to Nigeria’s climate ambitions and commitments under the Paris Agreement and UN Sustainable Development Goals.
– *Access to Capital*: The framework will enable BOI to provide blended and concessional capital to businesses, promoting sustainable development and economic growth.
Impact on Nigerian Economy
The BOI’s Sustainable Finance Framework is expected to have a significant impact on Nigeria’s economy, particularly in sectors like renewable energy, clean transportation, agro-processing, healthcare, education, and digital infrastructure. By promoting sustainable practices and providing access to capital, the framework will contribute to job creation, gender inclusion, and export diversification.
BOI’s Commitment
The Managing Director and CEO of BOI, Dr. Olasupo Olusi, described the framework as a “significant milestone in our journey to become a fully sustainable development finance institution.” This initiative demonstrates BOI’s commitment to driving responsible, inclusive, and environmentally sustainable growth across Nigeria.
