Bank of Industry (BOI) SME and youth entrepreneurship financing
Status not published
Rolling applications through the BOI customer portal; individual on-lending funds open and close as their allocations are drawn down.
BOI lends to Nigerian enterprises across many products, typically from NGN 1 million (Youth Entrepreneurship Support and SME tiers) up to hundreds of millions or more for industrial projects, at single-digit to low-double-digit interest rates depending on the fund.
Bank of Industry Limited (BOI), Nigeria
public · national
Deadline: rolling — Rolling applications through the BOI customer portal; individual on-lending funds open and close as their allocations are drawn down.
This funder does not publish a success rate. We rank it using the rate observed across similar programmes and label it as an estimate rather than implying we know.
Major bid — written case, budget, possibly partners.
Who can apply
- Sectors: manufacturing, agri, creative, any
- Stage: seed, series_a, growth
- Locally registered entity required
Nigerian registered enterprises. Most BOI products require a bank guarantee or acceptable collateral, which is the main barrier for early-stage startups.
How to apply
- Register on the BOI customer portal and select the relevant product.
- Submit the business plan, financials and collateral or guarantee details.
- Appraisal and site visit.
- Offer letter, perfection of security and disbursement.
What you will need
- CAC incorporation documents
- Business plan and financial projections
- Tax identification number
- Bank statements
- Collateral or bank guarantee
Source. https://www.boi.ng/ — checked 2026-08-14 · not human-checked