The Federal Government has announced that it's aware of the glitch experienced in completing application for the FGN N75bn MSME Intervention Loan Scheme.
In an update on Wednesday, the Bank of Industry stated that due to high volume of applications, it's actively working on the FGN N75bn MSME Intervention Website https://fgnboimsmeinterventionloan.boi.ng to ensure a smoother experience for everyone.
BOI thanked MSME owners who have been having difficulties in accessing the MSME Intervention Loan Portal for their patience, noting that it's team is working hard to upgrade the website and ensure seamless experience in the usage of the Website.
The Federal Government's N75 Billion MSME Intervention Program is a loan scheme aimed at supporting Micro, Small, and Medium Enterprises (MSMEs) across the nation.
MSME's can obtain a maximum loan of N1Million for each business which is repayable within 3 years of securing the loan at an interest rate of 9% per Annum.
Related: How to Apply for 2024 Nigeria Youth Investment Fund (NYIF Loan)
Any registered business with the Corporate Affairs Commission in Nigeria which includes Sole Proprietorships, Partnerships, Enterprises and Limited Liability Companies, whether existing business or start-up can apply for the N75bn MSME Intervention Loan Programme
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