Have you heard about the FGN Special Intervention Fund for MSMEs (National Enterprise Development Programme)?
The Fund is a Federal Government of Nigeria initiative to provide subsidized loans to Micro, Small and Medium Enterprises (MSME) at single digit (9% per annum) all inclusive interest rate. The Fund is also to cater for applications received from SMEDAN under the National Enterprise Development Programme (NEDEP) Scheme.
The Fund can be assessed by duly registered Limited Liability Companies, Enterprises and Cooperatives in Nigeria.
Applications are received and processed at BOI State Offices.
Apply Now:
The fund is to be utilized for SMEs engaged in manufacturing and agro-processing businesses with emphasis on value addition to local raw materials.
The program limit for this fund is Five Billion Naira only (N5 Billion). This means that as soon as the Bank of Industries has given out loan of that amount to Nigerians the portal for application will be closed.
You can get from 500,000 Naira to 20 Million Naira. As long as you meet the requirements you can apply for any amount you need for your business. Please note that this is not a grant, it is a loan, meaning you are expected to pay it back at the recorded time.
Note- The loan will be disbursed in phases in accordance with agreed milestones.
The time you are to pay back the loan will be determined by your company’s / business cashflow in line with Bank of Industries (BOI) standard practice. Moratorium is 6-12 months.
If you have all it takes, you can apply for the FGN Special Intervention Fund by clicking on the link below
We would keep updating on more local and international JOB opportunities, ensure you subscribe to this website for direct updates. Subscription is free.
We hope this article helped you successfully apply for FGN Special Intervention Fund 2021.
If you liked this article, then please subscribe to our website using your email for more JOB TIPS/AVAILABLE OPPORTUNITIES. Subscription is free.
You can also find us on our
CFA Access Scholarship | How to Apply The CFA Institute Access Scholarship Program is designed…
Stipendium Hungaricum Scholarship Programme and Students at Risk Subprogramme Application Portal is Open. Study in…
Wageningen University Scholarship | How to Apply. Wageningen University Scholarships for International Master's Students. Study…
How to Convert a Canada Visit Visa into a Work Permit | Step by Step…
Visa Sponsorship Jobs in Japan for Foreigners. Do you know that Japan offers many opportunities…
Warehouse Jobs in Germany with Visa Sponsorship. The ever growing logistics sector and the robust…
View Comments
god help us
100000