thematic areas

Our 6 thematic areas for industralization.

We aim to invest in more transformational projects through targeted financing interventions to deepen our impact in 6 thematic areas through:

Product Development

Developing dedicated products and programmes for each thematic area with focus on financial and technical assistance services.

Impact Reporting

Design  monitoring  and evaluation systems  for measuring and reporting the interventions under each thematic area.

Incentives

  • Incentivize and reward activities of the KPIs champions (can take up to 20% of performance appraisals)
  • Other rewards can be  local and foreign  training programmes.

Overview

  • Climate change is one of the major challenges affecting human lives and disrupting economies globally.
  • It is evident in temperature increases, rising sea levels, rainfall variability; extreme drought and  land degradation issues etc.
  • These adverse effects have brought about loss of farmlands and infrastructure increasing vulnerability to food insecurity issues in the agriculture sector.
  • According to the Notre Dame, Global Adaptation Initiative ( ND-GAIN Index ), Nigeria is recognized as vulnerable to climate change effects, ranking 160 out of 181 countries.
  • Given the projected trends, the effects of climate change will continue to pose a significant threat to the achievement of Nigeria’s development goals.

Goal

What does boi intend to achieve

Finance building retrofits, appliance upgrades, and smart grid technologies for domestic and industrial uses

Target investments in waste management infrastructure and innovative solutions that promote resource recovery and waste-to-wealth generation towards transition to a circular economy

Partner with climate activists and NGOs  in create awareness of the consequences of climate change through policy advocacy and community outreach.

Support research and development of new clean energy technologies that can address  Nigeria’s 
local needs

Prioritize investments in large-scale green energy efficiency, sustainable agriculture, 
and climate-resilient infrastructure, 
sectors crucial for decarbonization and adaptation. This includes hydropower 
plants, biomass-to-power, waste-to-
power, solar and wind farms, to contribute substantially to the national energy grid

Impact Indicators

Carbon Emissions

 Quantify the amount of green house gases emissions avoided or prevented through improvements in energy efficiency

Energy Capacity

 Track the increase in renewable or green energy capacity.

Clean energy Technologies

Evaluate the increase in the number of individuals or businesses gaining access to  financial services through digital channels.

Land Conservation

Monitor the area of lands protected or restored through improved climate -resilient practices

Overview

50%

Out of ∼200 million people in Nigeria, 50% are aged below 35 years and below


100%

increase in UN projects growth of 400 million by 2050 - a staggering increase in 30years

74%

of the global youth population by 2035, will be in ten countries, nine in Sub-Saharan Africa, one of which is Nigeria.

  • Driven by factors like limited economic opportunities and a desire for better prospects, Nigerian youth make up a large segment of the growing migrant population, causing significant human and intellectual flight.

  • By investing in youth development and fostering a more robust economy, Nigeria can create conditions that empower its young people to thrive and contribute locally, while also offering safe and legal migration pathways for those seeking opportunities abroad.

Goal

What does boi intend to achieve

Deploy technology to enable youths’ access to quality job opportunities

Provide access to cheaper financial products through the development of a specialised loan product for youth businesses.

Contribute to  the quality of education and vocational training curricula  for improved employability of youth

Develop, sponsor & and run the BOI Youth Innovation and Development Conference aimed at together 100+ youth innovative and tech-run businesses to showcase their business idea

Invest in the education and skills of Nigerian youth for increased productivity

Impact Indicators

Access to Skills

Track number of young people enrolled in skills development programs, disaggregated by gender, location, and socio-economic background.

Quality of Skills Training

Assess the relevance and effectiveness of skills training programs based on industry needs, employer feedback, and trainee

Employability & Entrepreneurship

Nigeria Track the rate of employment and business creation among youth who have completed skills training programs.

Business Support

Track the number of youth who have been able to access loan facilities for their businesses from the Bank or other financial institutions

Overview

  • The Digital economy has a strong potential for improving service exports across all economic sectors through increased productivity, better access to markets and financing mechanisms.

~6%

of the digital economy has contributed to total GDP and is expected to grow and reach at least ~12% by 2050.

  • Currently, the digital economy is driven by a vibrant ecosystem of digital entrepreneurship in Lagos and Abuja through the activities of dynamic incubators, venture capital companies, digital start-ups and the diaspora
  • Nigeria will be in the top 5 economies in the world by 2075 – the digital economy is expected to be a crucial driver of this growth (Goldman Sachs) 

Goal

What does boi intend to achieve

Collaborate with research institutions to facilitate the exploration of emerging trends like artificial intelligence, scientific computing, and human-computer interaction

Drive investment in digital infrastructure such as broadband networks, fibre optic cables, and data centres, bridging the digital divide and connecting underserved communities. 

Finance innovative digital businesses and entrepreneurs to connect them with international markets through a thriving e-commerce ecosystem. Also, support early-stage and growing digital businesses, particularly in sectors like fintech, e-commerce, and agri-tech

Develop, sponsor & and run the BOI Youth Innovation and Development Conference aimed at together 100+ youth innovative and tech-run businesses to showcase their business idea

Increased Investment in technical assistance and capacity-building programs and resources to equip individuals and businesses with the digital skills needed to thrive in the digital economy.

Impact Indicators

Job Creation

Evaluate the impact on job creation within the digital ecosystem, including direct and indirect employment opportunities

Digital Adoption Rate

Measure the percentage of the target population or businesses that have adopted digital solutions offered by the Bank.

Financial Inclusion Metrics

Evaluate the increase in the number of individuals or businesses gaining access to  financial services through digital channels.

Digital Literacy And Training

Track the success of digital literacy programs and training initiatives supported by the Bank to enhance the digital skills of the target audience

Overview

  • Globally, SMEs play significant roles as engines of socio-economic transformation and inclusive growth.
  • In developing countries, SMEs can play a more vital role in wealth and job creation.
  • In Nigeria today, we have ~41.5 million MSMEs (SMEDAN), contributing:

50%

to national GDP

96%

businesses accounted for

76.5%

of employments

8%

to exports

Goal

What does boi intend to achieve

Increase in value of SME Market Share

Promote industrialization  of SMEs, especially those involved in manufacturing and other industrial activities.

Increase in Local Raw Materials/Content Development in Nigeria

Increase in Value, Quality and Quantity of SME Export

Impact Indicators

Business Scale

Evaluate the increase in the number of SMEs transitioning to Medium & Large businesses

Supply linkages

Analyze the extent to which SMEs participate in supply chains for large industries' exports, both as direct suppliers and through intermediate links

Formal Registrations

Evaluate increase in number of SME Businesses In Nigeria 

Formal Registrations

Evaluate increase in number of SME Businesses In Nigeria 

Overview

  • The Infrastructure sector is one of the most resource-intensive sectors in the world.
  • In Nigeria, there is a huge infrastructural deficit which requires up to $3 trillion over the next 30 years to bridge this gap. (Agusto&Co, 2021).
  • There have been many initiatives to drive infrastructure development, especially with the establishment of the Infrastructure Corporation of Nigeria (InfraCo), which aims to raise $36.7bn for infrastructure projects.
  • According to DMO, the value of Nigeria’s total infrastructure stock represents only 35% of GDP, significantly below that of South Africa at 87% of GDP, and the emerging economy average of 70% of GDP.
  • In addition, the rapidly growing population is putting added strain on the already inadequate infrastructure.

Goal

What does boi intend to achieve

Invest in modular refineries to aid the local refining of petroleum products and its attendant by-products

Facilitate an indigenous airport infrastructure to improve Nigeria’s access to Africa and the world

Investment in alternative power solutions such as renewable energy / solar parks to energize off-grid locations across Nigeria

Support the establishment of free trade zones / manufacturing hubs to provide the basic infrastructure required by enterprises to ease production, and enhance product and service export across various sectors of the economy

Facilitate an efficient rail system across the geopolitical zones to boost trade, logistics, movement of goods and services, and expedite development in local areas

Impact Indicators

Port Efficiency

Number of goods and services moving through rail, ports and roads

Urbanization rate 

Percentage of rural areas transformed into urban centers 

Off-grid  energy solutions

Number of solar parks / locations powered by alternative energy solutions

Business Linkages 

Growth of service / logistics businesses servicing the various infrastructure  

Overview

  • Women’s economic empowerment is an important tool for advancing economic development and poverty reduction
  • Nigerian women are more likely to have lower earning opportunities due to societal norms inhibiting their capacity to make economic and non-economic decisions.
  • Investment in women’s economic empowerment has the potential to  improve household income and food security

48%

of women’s income are allocated to food and 52% to investments (EFInA, 2022)

.

Nigeria's future growth prospect is linked to improved economic outcomes for women. This can be greatly achieved through increased access to formal financial services, educational and business literacy skills.

Goal

What does boi intend to achieve

Strengthen its public policy advocacy role for gender equality in the labour market, education, business and political space

Establish a dedicated fund and product for women with a focus on ensuring easy access to finance, collateral security, capacity building, mentorship sessions, market opportunities and formalization of businesses.

Deepen its play by mainstreaming gender lens investing principles and creating a Gender Strategy to actively support women’s economic empowerment issues

Drive strategic partnerships and collaborations with MDAs, International Organisations, and Women Organisations to deepen funding and technical assistance opportunities

Impact Indicators

Economic participation

Track the increase in women's access to financial services, land ownership, and participation in businesses 

Business formalization

 Track the increase in the number of informal businesses owned by women transitioning  and registering as formal businesses 

Business Capacity skills

Evaluate the number of women attending business capacity training sessions 

Decision making

Track the increase in women's participation in community decision-making processes and leadership roles

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