Opportunities
Grants, VC funds, accelerators, and competitions for African entrepreneurs.
Grants, VC funds, accelerators, and competitions for African entrepreneurs.
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Micro: up to NGN 5M (~$3K) at 9% p.a.; SME: NGN 10M–1B (~$6K–$650K) at 5-10% p.a.; Large Enterprise: NGN 1B–10B+ (~$650K–$6M+); Working capital: 12.5-15% p.a.
Nigeria's oldest and largest development finance institution, providing financial and advisory support for establishing, expanding, and modernizing enterprises across manufacturing, agriculture, technology, and other priority sectors. Offers micro, SME, and large enterprise loan products with below-market interest rates through 33 state offices.
Below-Market Interest Rates
Term loan rates of 5-10% p.a. — significantly below commercial bank rates in Nigeria
Long Repayment Periods
SME loans: 3-5 years. Moratorium periods of 3-12 months available.
Multiple Loan Windows
Micro, SME, and Large Enterprise products tailored to business size and needs
Intervention Fund Programs
Special government-backed funds with even more favorable terms for priority sectors
Advisory Support
Business advisory services alongside financing
Micro Enterprise Loans
MSME Distributor Finance, Smallholder Farmer Cluster, Fintech Digital Lending — up to NGN 2B with 12-24 month terms
SME Loans
Term loans NGN 10M–1B for manufacturing, healthcare, agro-processing, fashion, entertainment. 3-5 year terms with 3-12 month moratorium.
Large Enterprise Loans
Support for big businesses in agro-processing, creative industries, engineering, healthcare, renewable energy.
GLOW (Guaranteed Loans for Women)
Dedicated fund for women-owned and women-led businesses with facilitated access to financing.
Agricultural Value Chains (EIB Partnership)
EUR 85M facility targeting cocoa and dairy value chains (70%+ allocation), plus broader MSME support.
Nigerian businesses in priority industrial sectors with clear growth plans and employment generation potential. Manufacturing and agriculture are historically the strongest sectors. BOI looks for viable business plans, adequate collateral, and demonstrated operational capacity. The bank is increasingly active in technology, creative industries, and renewable energy.
Business advisory services, monitoring, and potential for facility renewal/expansion. Access to intervention fund programs. Connection to EIB and other international partner programs.
Nigeria-only — requires local business registration; Collateral requirements can be substantial for larger loans; Government institution — bureaucratic processes; Working capital rates (12.5-15%) are less competitive than term loans
Focus on term loans (5-10% rates) rather than working capital facilities (12.5-15%). Manufacturing and agriculture get the most favorable terms. The GLOW program offers facilitated access for women-led businesses. Use one of the 33 state offices for in-person support — the process moves faster with direct engagement. The new EUR 85M EIB partnership means fresh capital flowing for agricultural value chains in 2026.
1964
Active Since
Yes
Deploying
NGN 1T+ ($650M+) total lending across thousands of Nigerian enterprises. New EUR 85M EIB partnership for agricultural value chains (2026).