FGN/BOI MSME Intervention Loan: How to Apply for the Government-Backed Business Support Program

The Federal Government of Nigeria (FGN), in collaboration with the Bank of Industry (BOI), has reopened the application portal for the MSME Intervention Loan Scheme. This initiative is part of the government’s broader efforts to support Micro, Small, and Medium Enterprises (MSMEs) across the country.

Whether or not you received a direct message or email from BOI, you are now eligible to apply as long as you meet the basic requirements.

What Is the FGN/BOI MSME Intervention Loan?

This loan program is a government-backed intervention designed to provide accessible financing to Nigerian businesses. It aims to help entrepreneurs expand, stabilize, and create jobs through increased productivity.

Who Can Apply for the BOI MSME Loan?

Eligible applicants include:

• Nigerian citizens who own a registered business
• Entrepreneurs with a valid Corporate Affairs Commission (CAC) certificate
• Business owners who possess a Tax Identification Number (TIN)
• MSMEs operating legally with traceable addresses

Basic Eligibility Requirements

Before applying, ensure that the following are available:

• CAC Registration Number
• CAC Certificate (soft copy for upload)
• Tax Identification Number (TIN)
• Bank Verification Number (BVN)
• National Identification Number (NIN)
• Proof of business address (such as utility bills or pictures of business location)

Note: Applications that do not include the CAC certificate and TIN will be rejected or returned.

How to Apply for the FGN/BOI MSME Intervention Loan

1. Visit the official portal:
   https://fgnboimsmeinterventionloan.boi.ng/signup
2. Create an account using a valid email address.
3. Fill out the application form with accurate details.
4. Upload all required documents.
5. Submit and wait for a response from BOI.

Benefits of the FGN/BOI MSME Loan

• Low interest rates
• Convenient and flexible repayment plans
• Opportunity to grow your business with structured support
• Open to all qualified Nigerians across all 36 states
• Transparent application and evaluation process

Frequently Asked Questions (FAQs)

Who is eligible for the FGN/BOI MSME Loan?

Anyone who owns a registered business in Nigeria with a valid CAC certificate and TIN is eligible.

Can I apply without getting an email from BOI?

Yes. The application portal is open to all qualified Nigerians, regardless of whether you received a notification.

Will my application be accepted if I don’t have a CAC certificate or TIN?

No. These two documents are mandatory. Any application without them will not be processed.

Is this a grant or a repayable loan?

This is a loan, not a grant. Successful applicants will be expected to repay under terms agreed upon during the application process.

How can I get a TIN?

You can apply for a TIN through the Federal Inland Revenue Service (FIRS) website or visit any nearby FIRS office.

When will I receive feedback after submitting my application?

Review and response timelines may vary, but applicants will receive updates via the contact details provided during the application process.

Can I apply as an individual without a business?

No. Only individuals with a registered business and necessary documentation such as CAC and TIN can apply.

Conclusion

The FGN/BOI MSME Intervention Loan is a timely opportunity for Nigerian entrepreneurs and small business owners to access funding that can make a real difference. If your business is eligible, now is the time to apply and take the next step toward growth and sustainability.

Apply now:
https://fgnboimsmeinterventionloan.boi.ng/signup