BOI Services


Deploying Innovative Financing for Capital Projects

In collaboration with strategic partners such as the government, local and international DFIs, large corporates and commercial banks; BOI is able to provide funding for special intervention and key capital projects.

Some of such co-financing services are:

The State and BOI matching funds are based on a partnership between the 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 a single obligor limit of N50 Million. Interest rates range from 5% to 10%.

Intending applicants should visit the relevant State Ministry of Commerce and Industry for more details.

Please click here to view the checklist and apply now.

For further enquiry, click here

The Dangote Foundation and BOI Fund is a N5bn matching fund, which is accessible by Enterprises and Limited Liability Companies engaged in the Manufacturing, Agro-Processing and Merchandising sectors for made-in Nigeria goods, with a single obligor limit of N50.0 Million with an interest rate of 5%.

Please click here for further details on the requirements


Deploying Innovative Financing for Capital Projects

The Bank has partnered with key local and international fund partners through matching fund schemes, where the Bank matches the funds brought to the table by the fund partner. 17 state governments in Nigeria, the Dangote Foundation, the Central Bank of Nigeria and others are some fund partners whose funds the Bank manages. 

Some other managed funds include: 

BOI/CBN Intervention fund is a N235 billion intervention fund for re-financing and restructuring of banks’ loans to the manufacturing sector.

Cassava Bread Fund was created by the Federal Government as part of the transformation policy in the agribusiness sector. The initiative is aimed at providing equipment and working capital support to Master Bakers and High-Quality Cassava Flour (HQCF) processors across Nigeria. To ensure that Nigeria becomes the largest cassava processor having occupied the position of the largest producer of the commodity in the world.

FGN Special Intervention Fund for MSME is a Federal Government of Nigeria initiative to provide subsidized loans to Micro, Small and Medium Enterprises (MSME) at a single-digit (9% per annum) all-inclusive interest rate. The Fund is also to cater for applications received from SMEDAN under the National Enterprise Development Programme (NEDEP) Scheme.

The National Automotive Council’s Fund is a N16.91 billion fund. BOI is collaborating with the National Automotive Council (NAC) to intervene in the automobile sector. The Fund is targeted at Limited Liability Companies, and Enterprises engaged in the assembly of automobiles, automotive component manufacturers, automotive workshops and Car Service Centers. It is also accessible to Micro-Finance Banks and other financial institutions for the implementation of the Vehicle Purchase Credit Scheme and on-lending to automobile Artisans, craftsmen, auto-technicians and mechanics.


Deploying Innovative Financing for Capital Projects

The objective of the Bank in partaking in equity investments is to promote economic development in the country, particularly in the private sector. As an institution committed to the development of micro, small and medium enterprises (MSMEs), we recognize that equity financing is a better option to ensure sustainability. This could be direct or indirect investments in Nigerian MSMEs at the early to growth stages of their businesses. Such investments include BOI’s investment in the Alitheia Identity fund (AIF) and N-Tech Fund. The Bank also manages key projects of the Federal Government that provide equity financing including the YouWIN programme.

Services - Funds Management


Deploying Innovative Financing for Capital Projects

The funding support provided by the Bank of Industry to the real sector is largely in the area of procuring machinery. The Bank assists customers to raise Letters of Credit (LCs) to procure machinery.


Deploying Innovative Financing for Capital Projects

The Bank of Industry provides facilities at tenors that range from 12 to 60 months and above. 

Since the funds the Bank is mandated to provide are for the manufacturing sector, which returns a longer time frame from start to profitability, the Bank structures its loan tenors to accommodate this incubation period. Moratorium periods are also incorporated into our loan tenors to ease repayment concerns.