FGN Special Intervention Fund – 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. The Fund is also to cater for applications received from SMEDAN under the National Enterprise Development Programme (NEDEP) Scheme.
FEDERAL GOVERNMENT OF NIGERIA (FGN) SPECIAL INTERVENTION FUND FOR MSMEs PURPOSE/RATIONALE
FGN Special Intervention Fund – The Fund 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: Â
The Fund is aimed at stimulating economic activity in the MSME sub-sector being the major drivers of industrialization, wealth and job creation.
 TARGET MARKET/ CRITERIA – FGN Special Intervention Fund
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. Â The fund is to be utilized for SMEs engaged in.
PROJECTED IMPACT – FGN Special Intervention Fund
 manufacturing and agro-processing businesses with emphasis on value addition to local raw materials.  N5.0 billion
PROGRAM LIMIT Â SINGLE OBLIGOR LIMIT
N20.0 million PRICING Fees: Â Interest rate: 9% per annum (all inclusive)
For more more information and application please Click Here
I hope this information is useful, please share this with friends and family.
RECOMMENDED:
