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.
PURPOSE/RATIONALE: The Fund is a Federal Government of Nigeria initiative to provide subsidized loansto 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 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)
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
www.boi.ng/apply
Your article gave me a lot of inspiration, I hope you can explain your point of view in more detail, because I have some doubts, thank you.
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Thanks
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Gombe
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Your excuses may be legit but they won’t improve your Life.
• *LAVITA RICCA INVESTMENT PROGRAM is Fully Registered with CAC. WHICH IS COOPERATE AFFAIR COMMISSION( For those Who Think LAVITA RICCA INVESTMENT is Not Registered)*
*LAVITA RICCA INVESTMENT PROGRAM is a platform network that deal with investing of money just within 45mins you will get back your money double*
CONTACT:- +2349036369810
*LAVITA RICCA INVESTMENT PROGRAM PACKAGE’S*
*N20,000====N40,000*
*N30, 000====N60,000*
*N50,000====N100,000*
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*N200,000 ====N400,000*
*N400,000====N800,000*
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*I know you are skeptical about this because of the negative experience a lot of issues as regards scamming in the global world. I assure you 101% that you won’t lose your money this is because I know the risk of this profit oriented business and I know how to avoid them using my trading skills and signals to make only wins and no losses.*
*Are u a worker?*
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