Bank of Industry (BOI) and Central Bank of Nigeria (CBN) Intervention Fund/Loan Application Form Registration Link Portal is opened for interested Nigerians to apply online. Guidelines on how to apply for the ongoing BOI/CBN Loan and intervention funds/Loan will be discuss here.
This article contains about the 2021/2022 Bank of Industry/CBN Intervention Funds/Loan, how to apply online, requirements involves and Application types.
Read – How to apply for COVID19 Funds 2021
BOI/CBN Intervention Fund is of two types, namely:
- N235 Billion CBN Intervention Fund for Manufacturing Re-Financing
- Restructuring Facilities of Banks’ Loans
Below Guidelines is relate to the N235 billion intervention fund for re-financing and restructuring of banks’ loans to the manufacturing sector (The Fund).
BOI/CBN Intervention objectives of the Fund are to:
- Fast-track the development of the manufacturing sector of the Nigerian economy by improving access to credit to manufacturers.
- Improve the financial position of the Deposit Money Banks (DMBs).
- Increase output, generate employment, diversify the revenue base, increase foreign exchange earnings and provide inputs for the industrial sector on a sustainable basis.
N300 Billion CBN Power and Airline Intervention Fund (PAIF)
The objectives of the Fund are to:
- Fast-track the development of electric power projects, especially in the identified industrial clusters in the country;
- Fast-track the development of the aviation sector of the Nigerian economy by improving the terms of credit to Airlines;
- Improve power supply, generate employment, and enhance the living standard of the citizens through consistent power supply;
- Provide leverage for additional private sector investments in the power and aviation sectors.
How to apply/register for Bank of Industry/CBN Intervention Funds/Loan
To get started for BOI/CBN Loan 2021, applicants are to visit www.boi.ng/cbn-intervention-fund/
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