Federal Government Launches Financing Scheme to Support Growth of Registered Small Businesses Across Nigeria
The Federal Government, in collaboration with the Bank of Industry (BOI) and the Nigerian Association of Small Scale Industrialists (NASSI), has opened the application portal for the ₦75 Billion MSME Intervention Fund aimed at supporting Micro, Small and Medium Enterprises (MSMEs) across the country.
The initiative is designed to provide accessible financing to eligible Nigerian businesses to boost productivity, expand operations, create employment opportunities and stimulate economic growth.
According to the programme guidelines, registered Nigerian businesses, including sole proprietorships, partnerships and limited liability companies with valid Corporate Affairs Commission (CAC) registration, are eligible to apply for the intervention fund.
The loan facility offers affordable financing at a single-digit interest rate, with flexible repayment terms to enable businesses scale their operations and improve competitiveness.
Interested entrepreneurs are encouraged to submit their applications through the official application portal before the deadline, while ensuring they meet all eligibility requirements and provide the necessary supporting documents.
The Federal Government said the intervention forms part of its commitment to strengthening Nigeria’s MSME sector, improving access to finance and driving sustainable economic development through enterprise growth.
