Small Businesses Can Get Upto 5Million Naira Loan From Bank of Industry

The bank of industry targets businesses that engage in manufacturing and processing activities. Target sub-sectors include Agro-processing, Solid Minerals, Information Technology, Oil and Gas and Creative Industry. Please check below to see the list of SME product clusters that BOI supports.


1. Adire (Tie and Dye)/Aso Oke
2. Animal Feeds
3. Aquaculture 
4. Bakery
5. Blocks and Interlocking Stones 
6. Bottled Water 
7. Ceramics & Tiles 
8. Chemicals and Paints 
9. Cosmetics/Hair Products 
10. Dairy 
11. Digital Printing/Multimedia Publishing
12. Doors and Window Frames 
13. E-Commerce/Information & Communications Technology (ICT)
14. Fashion/Garmenting 
15. Fish Smoking/Drying 
16. Food Processing (comprising processing of agricultural products) 
17. Foundries/Metal Fabrication/3-D Printing 
18. Fruit Juice 
19. Furniture/Wood Processing 
20. Gemstones 
21. Greenhouses 
22. Laundry and Dry Cleaning 
23. Leather/Footwear 
24. Liquefied Petroleum Gas/Compressed Natural Gas 
25. Meat Processing 
26. Mechatronics 
27. Health Care (Medical Diagnostics) 
28. Laboratory/Orthodontist/Ophthalmology/Physiotherapy) 
29. Movie Production (Nollywood) 
30. Plastics 
31. Quick Service Restaurants 
32. Quarries 
33. Recycling 
34. Roofing Sheets 
35. Soaps and Detergents 
36. Solar (off grid) 
37. Technical/Vocational Schools (Offering City & Guild Certificate)
38. Theme Parks 
39. Water Transportation Riverine 
40. Light Manufacturing (Paper, Roofing Sheets, lube blending, Paints, etc)
41. Grocery packaging

How to Apply for the Bank of Industry loan

You can apply for bank of industry loan by either visiting their office and obtain the necessary documents or you follow the steps below to apply online.

To apply online, ensure you have all the necessary requirements ready including the business plan. Head over to https://www.boi.ng/apply/.

To apply for a loan please click REGISTER. 
If you have registered before, then login to continue your loan application or check your application status.