Home / Jobs / Do You Have a Business Idea? Aged between 18-45 years? Apply for the Federal Government BOI 0% Loan

Do You Have a Business Idea? Aged between 18-45 years? Apply for the Federal Government BOI 0% Loan

The Bank of Industry launched a new, N10 billion empowerment program called “The 0% Entrepreneurship Fund”. It was created for Nigerians who are currently unemployed.

The Entrepreneurship Fund has several purposes:

  • Creating an environment for Nigerians to start their own businesses;

  • Encouraging students/traders to become employers rather than job-seekers/labourers;

  • Making the financial assistance of Nigerians meaningful and less risky;

The terms to follow in order to get the Bank of Industry loan

The BOI Nigeria is willing to create the best environment for graduate/non-graduates citizens. However, it may not be that easy to get the loan. The programme requires the following:

  • An entrepreneurship capacity building program that lasts for two or three days. The training is mostly concentrated on generating a Business Model.

  • An online Business Plan Competition where graduated students and non-graduate citizens will show off their business ideas.

  • And finally there is a loan for up to 2 million of Naira that is given to those who have won the competition. The credit will be provided within BOI’s 35 SME clusters with tenors ranging from three to five years inclusive of six to twelve months moratorium period. The funds are expected to create about 20,000 direct jobs and 100,000 indirect jobs annually.

Note: The loan is available for those who have successfully done the following:
  1. Passed the process of screening.

  2. Click the apply button below to start application

  3. Attended the above-mentioned capacity building programme

  4. Filled the Bank of Industry loan application form

  5. Submitted a potentially successful business plan.

There are also several scheme partners that the Bank of Industry is collaborating with:
  • SME Friendly Banks;

  • Partner Enterprise Development Centers/Institutions;

  • Partner Technical Skills Training Institutions;

  • The management of the National Youth Service Corps.

The loan processing and inspection time will take up to 2-4 weeks. The Bank of Industry loan for graduates has to be paid monthly and weekly for the non-graduates. The source of payment can be the proceeds of one’s business. There are a lot of opportunities for those who are looking for them. If you are confident in your business idea, then apply for the Entrepreneurship Fund and the Bank of Industry Nigeria loan.

To Apply: Click the application button to apply now

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120 comments

  1. OGBEIDE DANIEL OSAMUDIAMHEN

    Am interested

  2. Am interested, how can I apply

  3. Construction , agro-allied, pharmaceuticals
    and hospitality

  4. I’m so much interested but I don’t get how to apply for the application

    • okonkwo Echezona

      Wanna create a brand in clothing industry in a new way that’ll revolutionize our African dress sense and project it to the outer world..Nigeria has to compete with the international community dress-sense-wise.. I’ve got lots of ideas to rebrand our dress sense. Thanks.please I’m willing and ready to deliver if given this loan and chance

  5. Komolafe olamijulo

    Am interested

  6. Am a professional business owner I provide idialog

  7. Thank you so very much for this awesome opportunity for us. I am interested. I have a skill on indoor and outdoor cateren services.
    Best regards.

  8. Iam interested I don’t know how to apply, I can open a ladies saloon and also I dig a standard borehole with a water tank suppliying

  9. I am a great snail and crop farmer

  10. am intrested how and what do i do for the next procedure?

  11. I’m interested

  12. Am interested

  13. Good day
    I’m an entrepreneur interested in the loan Boi is willing to give out to grow my business. Would like to know when, where and how to register for the capacity building course.
    Thanks.

  14. Prince Isaac Abbah II.

    Am Practically Interested And Will Awesomely Like To Go Into Piggeries And Fisheries.

  15. Green house agriculture enthusiast. I hope to be able to get my Chinese friends to establish a green house tent making industry down here in Nigeria to reduce the cost of producing them to the bearest minimum!

  16. OLANIPEKUN ABISOLA ABIDEMI

    I HAVE AN IDEA OF SELLING FOOD STUFF

  17. Oduh Emmanuel Echobu

    Am interested I want to set up a photography studio. Keeping members ties alive is what I love most.

  18. I am interested

  19. yes I am interested

  20. I’m interested.

  21. Okon prince Michael

    Have got Laundry business idea with a vision… In my observation thus far, only a few and patience individual can do the job and I returned all glory to God for endowed traits in these lines…

  22. Agu Chinenye Eunice

    pls am interested.to open a fashion school.

  23. Thank you,i have a business on Videography running presently and I want to expand.

  24. Please I need the loan I have a viable business’s plan

  25. I am into fishing and poultry..I want to expand my business and also become an employer of labour

  26. Abubakar Mutairu

    I am interested how can i apply. I want to be selling Agro chemical

  27. Commercial Farming

  28. Am interested… Am into sales of plumbing materials

  29. I am interested, my area of specialisation is pharmaceutical

  30. Please, I’m interested.

  31. I’m in to fabrication of Metal & Aluminum works.

  32. Am interested stationary business
    How do I apply?

  33. onwuka gabriel eleanya

    I have a plan to have the biggest farm, I have my land already,

  34. Every one can apply, but it must be in agro

  35. Afolabi Abisoye Mary

    Pls am interested,I will like to open a shop for selling baby things,but I do not know how to apply.

  36. FOLORUNSO KAYODE

    Nice programe am into food bizen and transportation.Am intrested how can i get involved.

  37. Wow! This is an awesome opportunity,am into commercial farming and need to employ more labourers.

  38. am interested. I’m a photographer(naturist) and would like to materialize my energetic ideas.

  39. Am interested am into fish farming

  40. Adeshina anthony

    I’m into installation of gas plant ant gass supply and i need some money to finance some of my projects

  41. Very Interested indeed pls.allowe me to be amoung the beneficiries am good in supplying all types of kitchen equipment.Thanks

  42. Ohaegbulem Faith Basilia

    I’m interested, I am into Livestocks and horticulture farming… But majorly on fish and cucumber.

  43. I’m interested… I’m into website / graphics design and baking cakes too.

  44. am intrested

  45. That’s good, I’m multiplefocus, Gospel music and songs, mining silver, making an equipment for making a plot of land multiple plots of land, school of thoughts on Shadows and it’s effectiveness

  46. Ayeni ifeolu moses

    I have interested in farm plantation, such as cassava, maze,banana,water Mellon,cucumber,sweet corn etc, but no money to start up

  47. Thank you very much for this platform.. I really love to apply but I don’t no how to apply.. Please help us out.. Thank you very much.

  48. Emem Sunday usoro

    I’m entrepreneur

  49. Am a printer i need Money to Start up my own

  50. good idea, seriously passionate and interested .

  51. mudasiru muhydeen busari

    I have intereste

  52. afolabi Matthew adagbede

    Am intrested pls how Do I start feeling this aplication

  53. Great opportunity, though the process of being qualified is challenging and tasking. I am a teacher, and run neighborhood education, I intend to expand my class, and create an online class for students.

  54. I am interested and happy with idea. I like to engage into farming business and like to get the capacity building training program.

  55. I am inteerested. Nutrition rehabilitation clinic/centre/hospital. Also in clothing, textiles and fabric design institutes

  56. Auwal A. Muhammad

    I am interested

  57. I am highly interested in the loan

  58. Am interested, I want to set a provision store at mount Zion road calabar

  59. abolarinabosede adeola

    This is a good idea.Am interested How can l apply Am into a small scale business dealing in ladies wears and daily needs.

  60. I Am interested too poultry and fish

  61. my name is fagbemi ismail oladapo. I graduated from olabisi Onabanjo University ago iwoye ogun state ,after my NYSC I venture into business due to the situation of the country and which I have no excuse other than going on with my life. I am into haulage and interlocking but due to financial constraint I have been able to develop the business the way I want

  62. I am lovely interested please!

  63. I am into Madrid business and I need some financial support to make it strong and stronger, please is very very important thanks

  64. Anomolowo Temitope Omolara

    I am interested i have a catering and snacks, cakes that i am involved in and am also a computer operator and a good typist.

    Thanks

  65. Very interested please

  66. Am interested

  67. I want to run a provision store,I’m interested

  68. am into p.o.p installation and others interior decoration after my school, need ur assistance pls to boost d business tnx.

  69. Atunnise Emmanuel

    When is the the training starting and where?

  70. Blessing iwuagwu

    I am an entrepreneur, I am into nylon production, and I will appreciate this loan to enable me boost my working capital

  71. ABUGU CORNELIUS UCHENNA

    I am Abugu Cornelius Uchenna,a graduate from University of Nigeria Nsukka, after my NYSC in the year 2015. I set up a small business(phone accessories,selling of recharge cards and charging of mobile phones etc.) in front of my father’s house. I served in Taraba state Northeast Nigeria. Sir, I am begging Federal of Nigeria to consider my plea and boost my small business.

  72. Interested in agriculture already have 200 acres with valid documents for cultivation..

  73. Am interested I graduated from the university of Port Harcourt and am skilled in hair making and beautification I am also skilled at buying and selling

  74. Kolawole Akinmusayo

    I write and publish children story books and for secondary schools too.
    I need financial support to prints in thousands.
    The two of my already published books are :
    “James and the magic flower ” and,
    “50 principles of having good grades “.

  75. I am interested

  76. Akporedafe Oghenekevwe Michael

    Good day, please I am very very interested, I am an electrician, I passed out from Govt Technical College, pls I have been waiting for this opportunity.

  77. Peter Olawale Fadowole

    Am a professional fashion designer, I sow unisex. Pof444clothings is my business name. Have been in the field since 2007. I will be grateful for the assistance.

  78. NNANYELUGO OKEZIE

    I am interested.

    Please direct me how o apply for he loan

  79. Am interested i have a vast land that i want to turn into piggery and goat farm in Edo state .

  80. please how do I apply please?

  81. Alfa Yunusa haruna

    Thank you for this great opportunity, am really interested, I have experience in event management in the area of multi-media, light and sound, screen both outdoor and indoor as well as exhibitions.

  82. ADEYTOLAJU Kolawole

    am interested in aspect of farm,planting of coacoa,palm tree,casaver,planting of ticks

  83. Anyim Patrick ndubuisi

    am interested how can I apply

  84. Deborah Ikechukwu

    Pls am interested

  85. I have a registered Business Name with CAC. How can I apply for this great opportunity.

  86. Am much interested. I like livestock business and in need of capital to start up

  87. SIXTUS AUGUSTINE Ezeka

    Please am interested but I don’t understand the ways on how to apply pls can we apply online?

  88. I have interest in commercial agriculture with specialty in poultry and aquaculture

  89. I am interested I have a business

  90. I have interest. Only if its not going to be mam known man issue. Pls help.

  91. Ordue Christopher

    My name,ordue christopher,am interested,i want to embarke on poultry farm

  92. Daniel Christiana adefunke

    My name is Daniel Christiana adefunke ,sir am interested I want to set a provision store .thanks sir

  93. BOLARINWA ABIOLA

    I am interested I have 12 plots of land which I want to develop for agriculture, presently I have plantain on it.

  94. Kemenanabode Kemepuador

    I’m interested I need to expand my provisions business and also fashion designer. Thanks.

  95. Interesting agricultural development lake chat basin Maiduguri

  96. I can make 30% of the 10 billion dollar in trading forex

  97. is a good development . i have a business idea. how do i start …………….pls put me thru thanks

  98. interest pls

  99. Deborah C. Daerego

    I am really interested, am a computer literate/analyst. I like to run a computer school program (business center)

  100. yes am interested

  101. I would love to espand my bizness from small scale to a mega one
    Am into laundry and drycleaning services

  102. Ejelonu Ogechi Chinomso

    Iam a beadmaker and also an Ankara maker. Sir, I need Capital to start up my business. I will be grateful if my quest is granted. Ejelonu Ogechi Chinomso.

  103. Friday Timothy Ugber

    Am interested, am into network infrastructure, data installation, I need money to xpand my biz. Am glad to hear this thank.

  104. EDOZIE PERPETUA IJEOMA

    I am much interested, am into poetry farming. i used the money i got during my service year to set up a structure for the poetry, so i need a support to get the chicks and its feeds to start up immediately

  105. OGUNBANJO ADEYEMI EMMANUEL

    my names are Ogunbanjo Emmanuel Adeyemi, a movie maker. I’m interested in the program.

  106. Am an entrepreneur,selling if Spray starch with Air freshener, and will like to start producing it my self, and am also a Baker of cake and other pastries, but finances will not make me to achieve it professional,my,

  107. clifford inegbedion

    i am interested

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