|The N90 million Business Development Fund for Women (BUDFOW) |
The N90 million Business Development Fund for Women (BUDFOW) on behalf of the Federal Ministry of Women Affairs and Social Development (FMWASD), that provides soft loans to women entrepreneurs.
Bank of Industry
|Micro, Small and Medium Enterprises Development Fund (MSMEDF) |
The CBN launched the MSME Development Fund on August 15, 2013 with a share capital of N220 billion. The Fund was established in recognition of the significant contributions of the Micro, Small and Medium Enterprises (MSME) sub-sector to the economy and the existing huge financing gap. Ten (10) percent of the Fund has been devoted to developmental objectives such a grants, capacity building and administrative costs while ninety (90) percent commercial component will be released to Participating Financial Institutions(PFIs) at 2% for on-lending to MSMEs at a maximum interest rate of 9% per annum.
Central Bank Nigeria
|GT Loans and Advances |
The Small and Medium Scale Enterprise (SME) sector is vital to the development of every economy and we are fully convinced that Nigerian SMEs are the core conduit for sustainable job creation, rapid industrialization and poverty alleviation. We are therefore keen on providing our SME customers with an array of products and services to promote business growth and ensure sustainable wealth creation.
|Get up to N5 million for your business and valuable skill acquisition training too |
The Lagos State Employment Trust Fund ("LSETF" or "the Fund"), was established by The Lagos State Employment Trust Fund Law 2016 to provide financial support to residents of Lagos State, for job, wealth creation and to tackle unemployment. LSETF serves as an instrument to inspire the creative and innovative energies of all Lagos residents and reduce unemployment across the State. The Fund has the mandate to directly invest N25Billion in helping Lagos residents grow and scale their Micro Small and Medium Enterprises ("MSMEs") or acquire skills to get better jobs.
Lagos State Employment Trust Fund
|FGN SPECIAL INTERVENTION FUND FOR MSMEs (National Enterprise Development Programme) |
The Fund is a Federal Government of Nigeria initiative to provide subsidized loans to Micro, Small and Medium Enterprises (MSME) at 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.
Bank of Industry
|Dangote Foundation and BOI N5bn matching fund |
The Dangote Foundation/BOI Fund is a N5bn matching fund, which could be accessed by Enterprises and Limited Liability Companies engaged in the Manufacturing, Agro-Processing and Merchandising sectors for made in Nigeria goods, with single obligor limit of N50.0 Million with an interest rate of 5%.
Dangote Foundation and Bank of Industry
|BOI's Agric Processing Fund |
Agriculture is the main stay of the Nigerian economy, with agricultural produce abounding in every state of the federation, but with limited capacity for processing and preservation, resulting in huge losses and wastages. This prompted the Bank of Industry (B0I) to establish the Cottage Agro-Processing (CAP) Fund to support the establishment of cottage agro-processing plants to produce food products and raw materials for industries within and outside the Staple Crop Processing Zones (SCPZs) Bio agric processing fund
Bank of Industry
|ASPIRE NIGERIA TRUST FUND
US$ 30.6 MILLION |
A unique integrated solution of patient risk capital ($ 100,000 - $ 1 million) and end-to-end business support to start-up and growing businesses in Nigeria.
|Agricultural Credit Guarantee Scheme Fund (ACGSF) |
The ACGSF was established by Decree No. 20 of 1977, and started operations in April, 1978. Its original share capital and paid-up capital were N100 million and N85.6 million, respectively. The Federal Government holds 60% and the Central Bank of Nigeria, 40% of the shares. The capital base of the Scheme was increased to N3 billion in March, 2001. The Fund guarantees credit facilities extended to farmers by banks up to 75% of the amount in default net of any security realized. The Fund is managed by the Central Bank of Nigeria, which handles the day-to-day operations of the Scheme. The Guidelines stipulate the eligible enterprises for which guarantees could be issued under the Scheme.
Central Bank of Nigeria