The FGN Special Intervention Fund For MSME is a Federal Government of Nigeria initiative to provide subsidized loans to SMEs 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. 

Economic Rationale: The Fund is aimed at stimulating economic activity in the SME sub-sector being the major drivers of industrialization, wealth and job creation.

Target Market/ Criteria: The Fund can be assessed by duly registered Limited Liability Companies, Enterprises and Cooperatives in Nigeria.

Applications are received and processed at BOI State Offices.

Projected Impact: The fund is to be utilized for SMEs engaged in manufacturing and agro-processing businesses with an emphasis on value addition to local raw materials.

Program Limit:  N5.0 billion 

Single Obligor Limit: N20.0 million 

Pricing Fees:  Interest rate: 9% per annum (all-inclusive)  Legal Fee (where applicable) 

Tenor:  To be determined by the company’s cash flow in line with BOI standard practice. 

Moratorium:  6 – 12 months 

Funding Structure:  Fgn Msme Fund: 100%.

Disbursement:  Phased disbursement in accordance with agreed milestones. 

Repayment Source:  From the company’s operations.


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