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

The Bank of Industry launched a new, N10 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:

  • An entrepreneurship capacity building program that lasts for two or three days. The training is mostly concentrated on generating a Business Model.
  • An online Business Plan Competition where graduated students and non-graduate citizens will show off their business ideas.
  • 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. Click the apply button below to start application
  3. Attended the above-mentioned capacity building programme
  4. Filled the Bank of Industry loan application form
  5. 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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51 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. 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. 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. 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. I am interested

  19. yes I am interested

  20. 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. Thank you,i have a business on Videography running presently and I want to expand.

  24. Please I need the loan I have a viable business’s plan

  25. I am into fishing and poultry..I want to expand my business and also become an employer of labour

  26. Abubakar Mutairu

    I am interested how can i apply. I want to be selling Agro chemical

  27. Commercial Farming

  28. Am interested… Am into sales of plumbing materials

  29. I am interested, my area of specialisation is pharmaceutical

  30. Please, I’m interested.

  31. I’m in to fabrication of Metal & Aluminum works.

  32. Am interested stationary business
    How do I apply?

  33. onwuka gabriel eleanya

    I have a plan to have the biggest farm, I have my land already,

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

  35. 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.

  36. Great Site. Really enjoyed reading.

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