This is a special intervention fund of N300bn established by the Federal Government through the CBN to address the financing needs of start-ups and expansion projects of large enterprises of N500 million up to a maximum of N10.0 billion.
This is a special intervention fund of N300bn established by the Federal Government through the CBN to address the financing needs of start-ups and expansion projects of large enterprises of N500 million up to a maximum of N10 billion.
The real sector activities targeted by the facility are manufacturing, agricultural value chain, and selected service sub-sectors (hospitals, schools, and hotels).
Features
- Low-interest rate to customers (9% all-in, max)
- Available for start-ups
- Long-tenured (up to 15 years)
- Obligor limits of between N500m and N10b.
- The scheme is available till December 31, 2030.
Benefits
- Funding is provided at a cheap cost.
- The very long tenor of the loan.
- Funding targeted to start-up projects.
Target Market
Large-scale enterprises in the manufacturing, services, and agricultural value chain wholly owned and managed as a Nigerian private limited company registered under the Company & Allied Matters Act of 1990.