Home / Jobs / Do You Have a Business Idea? Aged between 18-45 years? Apply for the Federal Government BOI 0% Loan

Do You Have a Business Idea? Aged between 18-45 years? Apply for the Federal Government BOI 0% Loan

Bank of Industry 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.
2) Start application

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.
To Apply: Use the application button to apply

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50 comments

  1. OGBEIDE DANIEL OSAMUDIAMHEN

    Am interested

  2. Am interested, how can I apply

  3. Construction , agro-allied, pharmaceuticals
    and hospitality

  4. I’m so much interested but I don’t get how to apply for the application

  5. Komolafe olamijulo

    Am interested

  6. Samson Alisigwe

    Am a professional business owner I provide idialog

  7. Thank you so very much for this awesome opportunity for us. I am interested. I have a skill on indoor and outdoor cateren services.
    Best regards.

  8. Ahmed Mohammed

    Iam interested I don’t know how to apply, I can open a ladies saloon and also I dig a standard borehole with a water tank suppliying

  9. I am a great snail and crop farmer

  10. am intrested how and what do i do for the next procedure?

  11. I’m interested

  12. Muhammad Adam

    Am interested

  13. Good day
    I’m an entrepreneur interested in the loan Boi is willing to give out to grow my business. Would like to know when, where and how to register for the capacity building course.
    Thanks.

  14. Prince Isaac Abbah II.

    Am Practically Interested And Will Awesomely Like To Go Into Piggeries And Fisheries.

  15. Green house agriculture enthusiast. I hope to be able to get my Chinese friends to establish a green house tent making industry down here in Nigeria to reduce the cost of producing them to the bearest minimum!

  16. OLANIPEKUN ABISOLA ABIDEMI

    I HAVE AN IDEA OF SELLING FOOD STUFF

  17. Oduh Emmanuel Echobu

    Am interested I want to set up a photography studio. Keeping members ties alive is what I love most.

  18. Sadiya Mohammed

    I am interested

  19. abubakar musa

    yes I am interested

  20. Chris Chukwuma

    I’m interested.

  21. Okon prince Michael

    Have got Laundry business idea with a vision… In my observation thus far, only a few and patience individual can do the job and I returned all glory to God for endowed traits in these lines…

  22. Agu Chinenye Eunice

    pls am interested.to open a fashion school.

  23. Every one can apply, but it must be in agro

  24. Afolabi Abisoye Mary

    Pls am interested,I will like to open a shop for selling baby things,but I do not know how to apply.

  25. Plz, am in need of this fund to help me out. I have a good business idea but am struggling to start it due to lack of finance, if i am opportune to have this fund, the sky is my limit. I will grow and i believe that through me some person out their will be bless.

  26. Adeyemi Adeola

    How do I apply?

  27. Ademola mariam

    I’m interested , how can I apply

  28. Am interested, I just started a business in FUTO where I sell food stuff but needs money to fund it in a bigger way.

  29. Jessica jummai uwakwe

    Pls I need dis loan to expand my business. Am into fast food business.

  30. Akinmejiwa Olusola Clement

    I have a business that l need financial assistant, pls,kindly assist me to process the BOi loan to boost my business. Thanks.

  31. Allison Jubril

    I’m highly interested.

  32. OLAIFA ABIODUN OTESANYA

    Am interested.

  33. I am a business man. Since i have been looking for a way to collect loan to expand my business. Thank God for this. I am very much interested

  34. Onyegbule oluchi

    I want to start up poultry , fishery, and snail farming. And also to get a place for my evening lesson and night school.i need fund

  35. Anyanwu Chizuru

    Am much interested

  36. Kehinde lateef

    Am an entrepreneur, with many business proposal, who are the requirements

  37. Ibiteye folashade Remi

    Am interested pls I need money to start selling food stuffs I mean in wholesales

  38. ishaque Garba ABUBAKAR

    am very much interested in this program. kindly guide me on how to apply for the loan facility. thank you.

  39. I am interested and i hav many business ideas

  40. Am interested

  41. Am most interested.

  42. Am interested, I have business plans of cafe, that is online registration etc.

  43. Attahiru Abubakar

    Am interested in the BOI loan.

  44. Umar-faruq Ahmed

    Also interested to finance my farming business of farming castor

  45. Oladeji oluwasola Deborah

    I m deaf catering,need capital to start all over again

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