How to Apply ₦2 Billion BOI Loan Support for Young Enterpreneurs
The Bank of Industry (BOI) has announced ₦2 billion in loan support to help eligible young Nigerian entrepreneurs start, finance and expand their businesses.
Key Details
- Funding: ₦2 billion
- Beneficiaries: Eligible Nigerian entrepreneurs
- Purpose: Start, finance or grow businesses
- Interest rate: 10%–13%, depending on the loan type and size
- Business requirement: Registration with the Corporate Affairs Commission (CAC) and other due-diligence requirements
- Business sizes: Micro and larger businesses may be eligible
- Non-interest option: BOI says it has obtained a CBN licence to commence non-interest banking operations
Check Also: Norfin Offshore Limited 2026 Engineer Graduate Trainee Program
BOI Project Officer Lawal Khaleel encouraged young entrepreneurs to develop viable business plans and approach the bank for financing.
Important: This is a loan opportunity, not a grant. Applicants will be subject to BOI’s eligibility requirements and due diligence.
If you’re planning to apply, make sure your business is properly registered, your business plan is clear, and your financial records are organised.
For more updates, follow on https://lnkd.in/p/epaxmJ_m
