Apply Right Away For A BOI FG Loan.

Apply right away for a BOI FG loan.. The Federal Government of Nigeria, through @TradeInvestNG, has established three funds totaling N200 billion to support businesses around Nigeria. They are listed in the following order:

The Presidential Conditional Grant Scheme is known as PCGS.
The FGN Manufacturing Sector Fund for the FGN MSME Intervention Fund.

What you ought to know about each source of funding

Overview of the BOI FG loan Grant Program

A N50 billion prize scheme for owners of qualifying nanobusinesses.
The entire country’s LGAs as well as the Federal Capital Territory’s six council districts are covered by this.
Requires registering a business name, being prepared to hire more staff, and being the owner of a nanobusiness.
Needs proof of residency, business address, bank account, and personal information.

Note: Recipients are not required to repay.

Fund for MSME Intervention in FGN

A N75 billion fund will support Nigerian MSMEs.
protects against expensive production, marketing, and distribution expenses.
N1,000,000 maximum for each beneficiary.
Over a three-year period, the funds were used for equipment and working capital.
Annual interest rate: 9%.

Overview of the FGN Manufacturing Sector Fund

A N75 billion fund to help with the growing expenses of product distribution, marketing, and manufacturing.
Beneficiaries could receive awards of up to N1 billion.
Five-year term loans and one-year working capital are given out with the funds.
A 9% yearly all-inclusive interest rate.
The administration is committed to the expansion of MSMEs.
Every day, the Bank of Industry oversees finances.