FUNDINGUpdated 2 months ago

Bank of Industry Nigeria (BOI)

BOI Nigeria: SME loans, Micro loans, GLOW (Guaranteed Loans for Women), N75bn Federal MSME Intervention. Single-digit interest rates. 416+ Business Development Service Providers.

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Key Information
Organisation
Bank of Industry Nigeria (BOI)
Location
Nigeria, Nigeria
Status
Open
Application Deadline
Rolling
Type
Loan
Amount
NGN 500,000 to 10,000,000,000
Size
mega
Language
English
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Description

The Bank of Industry (BOI) is Nigerias oldest and largest development finance institution, established in 2001. BOI operates a wide range of MSME lending products including the SME Cluster Programme, the Micro Enterprises Loan, the GLOW (Guaranteed Loans for Women) facility, and the N75 billion Federal MSME Intervention Fund. BOI loans typically carry single-digit interest rates compared to commercial bank rates of 25-35%. The bank works with 416+ accredited Business Development Service Providers (BDSPs) and partners with NIRSAL for agricultural lending. BOI also signed an EUR 85 million agreement with EIB Global in 2026 for cocoa and dairy value chains.

Focus Sectors

Industry, Manufacturing, MSME, Women-Led, Agribusiness