The Federal Government, in collaboration with the Bank of Industry (BOI), has on Tuesday launched a N75 billion MSME Intervention Programme to support 75,000 Micro, Small, and Medium Enterprises (MSMEs) nationwide.
The programme, aimed at creating jobs and growing businesses, will provide single-digit interest loans of N1 million each to beneficiary MSMEs.
According to the programme’s guidelines, the initiative seeks to reduce production costs, enhance agricultural productivity, and empower MSMEs.
Interested applicants can submit their applications through the online portal: https://fgnboimsmeinterventionloan.boi.ng
The Federal Government reiterated its commitment to supporting Nigeria’s MSME sector, recognizing its critical role in national economic development.
