Details of the BOI/Federal Government MSME Intervention Loan 2024 (N75 Billion Fund)
Unlock Your Financial Potential with the FGN MSME Intervention Program.
The Federal Government’s N75 Billion MSME Intervention Program is aimed at supporting Micro, Small, and Medium Enterprises (MSMEs) across the nation.
Our program is designed to empower Micro, Small, and Medium Enterprises (MSMEs) across Nigeria.
Whether you’re looking to reduce production costs, create jobs, enhance agricultural productivity, or contribute to economic growth, this initiative is here to support you.
Summary of the BOI/Federal Government MSME Intervention Loan 2024
- Type: Empowerment
- Country to study: Nigeria
- Sponsor: Bank of Industry Limited (BOI)
- Eligible Country: Nigeria
- Benefits: Job creation, Production costs reduction, Profitability
- Deadline: Not Specified
Eligibility RequirementsÂ
- Any registered business with Corporate Affairs Commission in Nigeria, this includes Sole Proprietorships, Partnerships, Enterprises and Limited Liability Companies.
- Start-ups and existing businesses can apply.
Benefits of the BOI/Federal Government MSME Intervention Loan 2024
- Reduce Production Costs: Lower your operating expenses and increase profitability with our targeted support for MSMEs.
- Job Creation: Generate employment opportunities and contribute to a stronger, more resilient economy.
- Boost Agricultural Productivity: Invest in your agricultural ventures to maximize the potential of your land and increase food production.
- Support Business Growth: Fuel your entrepreneurial dreams with tailored business financing solutions that drive growth and innovation.
- Enhance Household Welfare: Improve the quality of life for families across the nation by boosting household income and welfare.
- Drive Economic Growth: Make a positive impact on Nigeria’s GDP and overall economic development through your business activities.
Required Documents for the BOI/Federal Government MSME Intervention Loan 2024
Existing Businesses:
- CAC business registration certificate/documents.
- Basic book keeping/business records.
- Other information as may be requested by BOI.
Start-ups
- CAC business registration certificate/documents
- Other information as may be requested by BOI.
General Required Documents:
- Four passport photographs of the Chief Promoter/Director and the Guarantor.
- BVN and executed Global Standing Instruction (GSI) Mandate of the Chief Promoter/Director and the Guarantor.
- Valid means of identification (International Passport, Driver’s License, National Identity Card, or Permanent Voter’s Card) of the Chief Promoter/Director and the Guarantor.
- Curriculum Vitae of the Guarantor
- External guarantor of the Beneficiary/one director (in case of a limited liability company).
Application GuidelinesÂ
Applying for a loan with us is a breeze. Follow our step-by-step process and let us guide you through the journey to securing the financing you need.
- Submit Application: Fill out our online application form with the required information
- Document Verification: Provide the necessary documents to support your application.
- Loan Approval: Our team will review your application and provide a decision.
- Disbursement: Once approved, we’ll disburse the funds to your designated account.
