Nigerian business owners seeking funds to expand can submit financing applications through the Bank of Industry (BOI) MyBOI Portal. The platform allows eligible businesses to register, complete verification, upload documents and track applications without visiting a BOI office.
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The portal covers BOI financing for businesses in eligible sectors, including manufacturing, agro-processing, technology, creative industries and renewable energy.
Applicants must have a business registered with the Corporate Affairs Commission (CAC). Required documents depend on the facility and business size.
How much can you get?
There is no single loan amount for everyone using the portal. The amount depends on the financing product and BOI’s assessment. Published offers include:
- Guaranteed Loans for Women (GLOW): up to ₦50 million at 7 per cent annually for eligible women-owned businesses.
- Rural Area Programme on Investment for Development (RAPID): up to ₦10 million at 5 per cent annually for eligible businesses and cooperatives in rural communities.
- Y’ellopreneur: equipment financing of up to ₦5 million for eligible women-led businesses.
- BOI–Aliko Dangote Foundation (ADF) Fund: loans from ₦500,000 to ₦75 million at 5 per cent annually, subject to eligibility conditions.
These are separate financing products, not automatic offers to everyone who opens a MyBOI account. BOI reviews applications, business records, repayment capacity, project details and supporting documents before making a decision. Applying does not guarantee approval.
Grants and some intervention programmes have separate application portals. The MyBOI Portal is mainly for BOI facility applications, so check the relevant programme page before applying.
Applicants can also receive updates during the review process.
How to apply
Visit https://onlineportal.boi.ng/ and select Create Account. Enter your company registration number, email address and business details. Verify your email with the one-time password (OTP), complete customer onboarding and Know Your Customer (KYC) checks, then select a suitable financing facility. Fill in the application and upload the required documents. Check all details before submitting. Use your dashboard to monitor the application and respond to any requests from BOI.
