FGN Special Intervention Fund for MSMEs is open for interested and qualified business owners to apply.
FGN Financial Services Specialization is aimed at supporting SMEs in the business sector as a key driver of employment, wealth and job creation in Nigeria.
For those who want to apply for this, kindly applications are received and processed only at BOI State Offices. You are not expected to pay any money for the application. The application process for Bank of Industry loan is completely free.
The fund is to be used for SMEs engaged in manufacturing and agro-processing businesses with emphasis on value addition of local raw materials.
Loan is not interest free, you have to pay 9% interest per year (all inclusive) and a legal fee (where applicable).
Now let’s talk about how much amount you can apply for your business. You can apply for any amount from 500,000 Naira to 20 Million Naira depending on whatever type of business you want to use the money for.
FGN Special Intervention Fund MSMEs Application Portal
https://www.boi.ng/boi-products/fgn-special-intervention-fund-for-msme/
How to Apply for F6N Free CAC Business Name Registration 2021
- First visit to https://www.boi.ng/boi-products/fgn-special-intervention-fund-for-msme/
- Click on “Apply” link
- You will be redirected to Bank of Industry Loan Center”
- To apply for a loan please click REGISTER.
- Login to continue your loan application or check your application status.
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