The State/BOI Funds are matching funds based on partnership between Bank of Industry and some State Governments. These funds can be accessed by Cooperatives, Enterprises and Limited Liability Companies engaged in Manufacturing and Agro-Processing, with single obligor limit of N50 Million. Interest rates range from between 5% to 10%.
Intending applicants should visit the relevant State Ministry of Commerce and Industry for more details.
Please click here for a full list of partner states and loan requirements: