03/09/2025
https://aksgboiloan.akwaibominvest.ng
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AKSG-BOI MSME Loan
Fuel your business with financial support from the Akwa Ibom State Government and BOI. Take advantage of this opportunity today! Complete the application form below to get started.
About the MSME Loan Program
Akwa Ibom State Government, in collaboration with the Bank of Industry (BOI), is committed to fostering the growth and success of Micro, Small, and Medium Enterprises (MSMEs) across the state. The N4 Billion MSME Loan program, designed to provide vital financial support to drive your business forward.
This initiative is a strategic investment in Akwa Ibomβs entrepreneurial spirit, aiming at:
Job Creation
Generate 5000+ new employment opportunities across various sectors, empowering Akwa Ibom residents and boosting local economies.
Facilitate Business Growth
Provide accessible capital to enable MSMEs to scale operations, invest in new technologies, and expand market reach, fostering sustainable business expansion.
Drive Economic Growth
Stimulate economic activity by injecting vital funds into the MSME sector, contributing to increased GDP and overall economic development of Akwa Ibom State.
Boost Agricultural Productivity
Empower farmers and agribusinesses with the resources needed to improve yields, adopt modern farming techniques, and enhance food production, ensuring food security and agricultural sustainability.
Reduce Production Costs
Offer affordable financing solutions to help businesses manage operational expenses, improve efficiency, and enhance competitiveness in the market.
Enhance Household Welfare
By supporting MSMEs, the program aims to improve the financial stability of households, creating a ripple effect of positive economic impact across communities.
Eligibility Criteria
* οΏ½Own a Micro or Small, or Medium Enterprises.οΏ½οΏ½Business headquartered must be in Akwa Ibom State οΏ½οΏ½Business must be registered business with CAC.οΏ½οΏ½Applicant must Must have a valid means of identification.
The loan amount you can receive depends on the obligor limit for Micro, Small, and Medium Enterprises (MSMEs):
* Micro Enterprises: Up to β¦10 million
* Small and Medium Enterprises: β¦10 million β β¦100 million
The interest rate for the AKSG-BOI MSME Loan is designed to be competitive and affordable for small businesses.
* Term Loan: 7.5% per annum
* Working Capital Loan: 8.5% per annum
Approval timelines vary, but applications typically undergo review within 2-4 weeks. Ensure all required documents are submitted correctly to avoid delays.
A Corporate Affairs Commission (CAC) registration is required for eligibility. However, if your business is not yet registered, we recommend starting the process before applying.
* Term Loan Facility: Ranges from 3 to 5 years, depending on the loan amount and business needs.
* Working Capital Facility: Maximum tenure of 3 years, ensuring flexibility for short-term operational expenses.
For inquiries or assistance with your application, reach out to:
Email: [email protected]
Phone: 07089679994
Office Address: AKICORP Office, Investment House,
143 Olusegun Obasanjo Way, Uyo, Akwa Ibom
https://aksgboiloan.akwaibominvest. ng