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Bank of Industry (BOI) iProgrammes

₦500,000 to ₦1 billion at 9-12% interest for Nigerian businesses

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Works in AfricaAfrica-built

The Bank of Industry's centralised platform for its intervention funds, offering long-term, below-market lending to Nigerian enterprises across sectors.

Facts about Bank of Industry (BOI) iProgrammes

Category
Grants & Accelerators
Availability
Works in Africa
Countries
🇳🇬Nigeria
Pricing
Free tier
Typical setup time
1+ week
Best for
SMB, Solo founder
Last verified
Sep 8, 2026

Use when

You run a Nigerian business with revenue and want cheap long-term debt instead of equity dilution.

Skip when

You are pre-revenue and cannot service debt, or you specifically need non-repayable grant money.

Status (8 Sep 2026): iProgrammes is the single portal for BOI's active intervention funds - availability varies by fund, so check which are open. Terms: loans typically from ₦500,000 up to ₦1 billion depending on the programme and business size, at interest rates generally between 9% and 12% annually, well below commercial rates. The African Development Bank approved a US$200 million facility for BOI to expand long-term financing, with at least 30% expected to reach Nigerian SMEs and a priority on women-owned and youth-led businesses.

Alternatives

LSETF MSME Loan ProgrammeSMEDAN Conditional Grant SchemeCreative Economy Development Fund (CEDF)

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