The Bank of Industry in partnership with the Dangote Foundation has made available N5 billion matching Fund for Enterprises and Limited Liability Companies engaged in the Manufacturing, Agro-Processing and Merchandising sectors of the Nigerian economy.
The programme designed to promote the production of made in Nigeria goods will offer up to N50 million loan facility at 5% interest rate to entrepreneurs and business engaged in the abovementioned areas.
That is, an entrepreneur can access up to N50 million from the Dangote Foundation/BOI Fund.
The tenor of the loan is 3 years, inclusive of 6 months moratorium.
Economic Rationale of the programme include:
- Promotion of economic and social empowerment
- Acceleration of the pace of Industrial development in Nigeria
- Encouragement of the establishment of micro, small or medium scale enterprises (MSMEs) in the country
- Value addition and Employment generation.
For more details about the loan and the requirements as well as how you can benefit from it, please Download the Brochure.
Good Luck as You apply!
Be social! Share this information to your friends and networks.