Opportunities
Grants, VC funds, accelerators, and competitions for African entrepreneurs.
Grants, VC funds, accelerators, and competitions for African entrepreneurs.
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$50,000–$500,000
Nigeria Bank of Industry’s Technology Fund provides low-cost, long-term financing for enterprises in Nigeria, with typical ticket sizes of $50,000–$500,000. It is open to large, medium, and small enterprises, including MSMEs, existing businesses seeking expansion, diversification, rehabilitation, or modernization, and some public sector and intervention programme participants. In addition to loans, BOI offers business advisory and financial advice, and supports both new enterprise establishment and the rehabilitation of struggling businesses.
Financial assistance
Provides low-cost, long-term funding and low-interest loan products for enterprises.
Advisory support
Offers business advisory and financial advice to support enterprise establishment and growth.
Project support
Supports the establishment of new enterprises and the rehabilitation of ailing ones.
Digital Transformation
Listed as one of BOI's six thematic areas.
Climate & Sustainability
Listed as one of BOI's six thematic areas.
Youth and Skills
Listed as one of BOI's six thematic areas.
MSMEs
Listed as one of BOI's six thematic areas.
Infrastructure
Listed as one of BOI's six thematic areas.
Gender
Listed as one of BOI's six thematic areas.
Engineering and Technology
BOI states it supports growth across this sector.
Tech startups ready for growth
Mentorship, network, sector expertise
Check current fund status and deployment activity
Applicants should show a clear link to BOI’s stated focus areas, especially digital transformation or engineering and technology. It will also help to present a concrete use of funds such as expansion, modernization, rehabilitation, or new enterprise setup, since these are explicitly named in the fund’s scope.
2020
Active Since
Yes
Deploying
Government-backed programs and beneficiaries