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Senate Approves Collection Of 0% BOI Loan For People With Business Ideas Aged between 18-40 yrs | Apply Here

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BOI launched a new, N11 billion empowerment program called “The 0% Entrepreneurship Fund”. It was created for Nigerians who are currently unemployed.

The Entrepreneurship Fund has several purposes:

  • Creating an environment for Nigerians to start their own businesses;
  • Encouraging students/traders to become employers rather than job-seekers/labourers;
  • Making the financial assistance of Nigerians meaningful and less risky;

The terms to follow in order to get the Bank of Industry loan
The BOI Nigeria is willing to create the best environment for graduate/non-graduates citizens. However, it may not be that easy to get the loan. The programme requires the following:

1) An entrepreneurship capacity building program that lasts for two or three days. The training is mostly concentrated on generating a Business Model.
2) An online Business Plan Competition where graduated students and non-graduate citizens will show off their business ideas.
3) And finally there is a loan for up to 2 million of Naira that is given to those who have won the competition. The credit will be provided within BOI’s 35 SME clusters with tenors ranging from three to five years inclusive of six to twelve months moratorium period. The funds are expected to create about 20,000 direct jobs and 100,000 indirect jobs annually.
Note: The loan is available for those who have successfully done the following:
1) Passed the process of screening.

3) Attended the above-mentioned capacity building programme
4) Filled the Bank of Industry loan application form
Submitted a potentially successful business plan.

There are also several scheme partners that the Bank of Industry is collaborating with:
  • SME Friendly Banks;
  • Partner Enterprise Development Centers/Institutions;
  • Partner Technical Skills Training Institutions;
  • The management of the National Youth Service Corps.

The loan processing and inspection time will take up to 2-4 weeks. The Bank of Industry loan for graduates has to be paid monthly and weekly for the non-graduates. The source of payment can be the proceeds of one’s business. There are a lot of opportunities for those who are looking for them. If you are confident in your business idea, then apply for the Entrepreneurship Fund and the Bank of Industry Nigeria loan.

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28 Comments

  1. mustapha

    08/16/2017 at 08:57

    I wont the lon

    • Abdulrasheed M Garbabi

      08/16/2017 at 12:23

      It’s very interested how l wish if I’ll get the loan

  2. Joshua Sunday Adinoyi

    08/17/2017 at 13:45

    This is great, am interested…

  3. Lawal adeshola kamilu

    08/17/2017 at 20:31

    Gd ideas, I was interested in it, we needed more enlightenment on it pls.

  4. babatunde feyisayo deborah

    08/19/2017 at 18:12

    pls i need a loan

  5. Mahmood Abu Mohammed

    08/21/2017 at 15:17

    I am interested in the loan

  6. Rahinatu shuaibu

    08/22/2017 at 06:17

    I am interested, I need the loan

  7. Israel Okoro Okorie

    08/22/2017 at 10:54

    I am Imterested

  8. Israel Okoro Okorie

    08/22/2017 at 11:13

    I say a big Thank you to the Nigerian Senate their great wisdom nd zeal this approval they have done noble. Kudos!

  9. Olatokunbo Aderonke

    08/23/2017 at 08:57

    Pls l need the loan to expand my business

  10. Bola

    08/23/2017 at 10:49

    This is good

  11. George Oyeinkeditonmene

    08/23/2017 at 17:36

    Please I need the loan to bring my business dream come true

  12. Yusuf Abdulmalik

    08/23/2017 at 21:41

    Am interested about FGN loan.

  13. sekinah Abdulhameed

    08/23/2017 at 23:46

    I am interested

  14. Mutiu

    08/25/2017 at 07:06

    I love it… 0% interest!!!

  15. Bakare

    08/25/2017 at 22:50

    I am interested

  16. christopher prince

    08/26/2017 at 21:28

    Thank God for dis opportunity, my poetry farm which I stop will do lake found will start again . All information to my email and how will get dis loan

    • rudwan magaji rabiu

      08/27/2017 at 21:35

      Rudwan magaji rabiu I am very interested that is good may Allah blessed Nigeria

  17. Rasaki simiat

    08/27/2017 at 09:28

    i love it if its real

  18. Kolssuccess construction ltd

    08/28/2017 at 05:17

    Am interested on it, how do I got the loan.

  19. Chineye nwodo

    08/28/2017 at 19:58

    Am in interested

  20. Samylo Dorcas

    08/28/2017 at 21:07

    I am interested design proposal

  21. nwankwo Nneka

    08/29/2017 at 10:59

    Please l need it to expand my business

  22. udoh

    08/30/2017 at 12:11

    I want a loan to expand my business

  23. Favour PHILIP

    08/30/2017 at 13:31

    Thanks so much

  24. Erivona Rabecca Ufuoma

    08/30/2017 at 23:13

    am interested on the loan to build my bakery business.

  25. Thompson Moses

    09/10/2017 at 18:12

    Good move FGN,but how are we to access this loan,more info on these please

    • Temitope Abdulsalaam

      09/23/2017 at 23:01

      It’s an amazing plan if it will be carried on well.we need the procedure on the processing of the loan.This will be a great opportunity for young ppl who are unemployed but have spectacular business ideas upstairs.d only problem in dis country is dat we often hear things rather than action be taken on the matter.

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