Last Updated on November 25, 2020
The Fund is a Federal Government of Nigeria initiative to provide subsidized loans to Micro, Small and Medium Enterprises (MSME) at single digit (9% per annum) all inclusive interest rate. The Fund is also to cater for applications received from SMEDAN under the National Enterprise Development Programme (NEDEP) Scheme.
The Fund is aimed at stimulating economic activity in theSME sub-sector being the major drivers of industrialization, wealth and job creation.
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Projected Impact
The fund is to be utilized for SMEs engaged in manufacturing and agro-processing businesses with emphasis on value addition to local raw materials.
RELATED: NIRSAL AGSMEIS Loan Application Scheme
Eligibility Criteria
The Fund can be assessed by duly registered Limited Liability Companies, Enterprises and Cooperatives in Nigeria. Applications are received and processed at BOI State Offices.
How to Apply
Visit: BOI official website to learn more and to apply.