FGN Special Intervention Fund For MSME (micro small, medium enterprises).This scheme has been design to improve the registered businesses in Nigeria as well to contribute to the economic
development in Nigeria. The FGN Special Intervention Fund For MSME is an initiative to offer subsidized loans to micro small, medium enterprises (MSME) / SMEs at single digit (9% per year) all inclusive interest rate. The Federal Government of Nigeria Special Intervention Fund For MSME 2020 is also to assist the Nigerian business who might have been affected by covid19 pandemic/ cater for applications received from SMEDAN under the National Enterprise Development Programme (NEDEP)Scheme.
The Aim Of FGN Special Intervention Fund For MSME
The Aim Of Federal Government of Nigeria Special Intervention Fund For MSME 2020 is to enhance economic activity in the SME sub- sector being the major drivers of industrialization, wealth and job creation
Recruitment/ criteria for FGN Special Intervention Fund For MSME
The Fund can be assessed by duly registered Limited Liability Companies, Enterprises and Cooperatives in Nigeria.
How to apply for FGN Special Intervention Fund For MSME
Applications are received and processed at BOI State Offices.
Federal government Fund For MSME project impact
The Federal government fund is to be utilized for SMEs engaged in manufacturing and agro-processing businesses with emphasis on value addition to local raw materials
Federal government of nigeria Special Intervention Fund For MSME project limit
All applicant are to note know that this program has a limit as design by the federal government the limit is N5.0 billion while the SINGLE OBLIGOR LIMIT is N20.0 million
TENOR of the MSME fund
Applicant are to also note the tenor for scheme that is going to be determined by the company’s cashflow in line with BOI standard practice