Your Roadmap to Nigeria’s N200 Billion MSME Support Fund

Through the Federal Ministry of Industry, Trade and Investment, three distinct funds have been launched: the Presidential Conditional Grant Scheme, the FGN MSME Intervention Fund, and the FGN Manufacturing Sector Fund. The Bank of Industry (BOI) is the designated agency overseeing the daily management and disbursement of these funds.

Let’s break down what’s available, who can benefit, and how you can secure your share.

How the N200 Billion Opportunity Is Structured

Understanding the breakdown is key to finding the right fit for your business needs:

• Presidential Conditional Grant Scheme: This N50 billion grant is designed for nano businesses, think market traders, street food vendors, ICT startups, transport operators, artisans, and creatives. With a goal to support at least 1,000 beneficiaries in every local government area across Nigeria’s 774 LGAs, this fund is a grant, not a loan. No repayment, just direct financial support.

• FGN MSME Intervention Fund: With N75 billion available as low-interest loans, this fund targets micro, small, and medium enterprises. Qualified businesses can now access up to N5 million (recently raised from N1 million), at a competitive 9% annual interest rate over three years. The focus: giving you the flexibility to invest in equipment, working capital, or infrastructure that unlocks sustainable growth.

• FGN Manufacturing Sector Fund: Another N75 billion pool is allocated for manufacturers. This offers up to N1 billion per application, supporting both working capital and asset financing for eligible production businesses.

• For MSME Loans: Your business must be registered with the Corporate Affairs Commission (CAC) and have been operational for at least a year. Startups are also eligible, provided they have CAC registration. You’ll need to provide your business bank statements (or the promoter’s, if you’re a startup), meet monthly turnover requirements, and commit to a personal guarantee, BVN agreement, and the Global Standing Instruction.

• For Manufacturing Sector Loans: Applicants need a minimum six-month banking relationship (commercial or corporate account) and should be prepared to submit further documentation as required by the BOI.

Across all funds, a valid National Identification Number (NIN) is mandatory. Double-check that your NIN is up to date before starting your application.

How to Apply, And What to Avoid

Applications are processed online at www.fedgrantandloan.gov.ng. For extra support, business owners can register online or walk into any BOI branch for guidance, no intermediaries needed. If anyone asks you to pay a fee to help you access the fund, consider it a red flag. The entire application process is free.

Already, more than 800,000 Nigerians have benefited, but there’s room for more, especially for youth, women, and persons with disabilities.

The real impact comes from how you invest it. For businesses dealing with physical products, that could mean upgrading inventory systems, improving packaging for export, or building a reliable logistics network to handle more orders, faster.

That’s where DHL comes in. Whether you’re scaling up local deliveries or eyeing international markets for the first time, a trusted logistics partner helps turn investment into real growth. Open a DHL business account to access shipping and freight solutions tailored to the needs of ambitious Nigerian enterprises. From single parcels to full-scale export operations, DHL makes it easier to reach customers anywhere.

Ready to take your business further? Get started with DHL and discover how seamless logistics can power your next phase of growth.