Apply Akwa Ibom State BOI Loan Empowerment 2025 (Up to N4 Billion)

Apply Akwa Ibom State BOI Loan Empowerment 2025 | The Authority of the Akwa Ibom State  has partner with the Bank of Industry (BOI) to empower Micro, Small, and Medium Enterprises (MSMEs) with loan up to N4 billion Naira. If you a registered business owner or you want to start a new business, This is an opportunity for you. List of Grant and Loan Empowerment Program 2025

See: Opportunities Available 

Akwa Ibom State Government (AKSG) partnered with the Bank of Industry (BOI) under a matching fund arrangement: each contributed ₦2 billion, totaling ₦4 billion for MSME financing in the state

Apply Akwa Ibom State BOI Loan Empowerment 2025 (Up to N4 Billion)

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. We’re proud to announce the N4 Billion MSME Loan program, designed to provide vital financial support to drive your business forward.

The AKSG BOI MSME Loan program offers accessible, competitively priced capital tailored for enterprises in Akwa Ibom. With structured loan options, supportive training, and a strategic aim to drive local economic development, this initiative empowers entrepreneurs to scale sustainably.

 Feature  Details

• Total Fund Pool –  ₦4 billion (₦2 billion each by AKSG & BOI)
• Micro Loan Limit –  Up to ₦10 million
• SME Loan Range –  ₦10 million to ₦100 million
• Interest Rates – Term: 7.5% p.a.; Working Capital: 8.5% p.a.
• Loan Tenure – Term: 3–5 years; Working Capital: up to 3 years
• Support Services – Business training by Ibom-LED
• Intended Outcomes –  Business growth, job creation, economic stimulus

Eligibility Criteria

• Own a Micro or Small, or Medium Enterprises
• Business headquartered must be in Akwa Ibom State
• Business must be registered business with CAC
• Applicant must Must have a valid means of identification

Loan Application Process

Step 1: Submit Application Online

• Fill out the online form with accurate business details.
• Link to Application Form.

Step 2: Document Verification

• Upload all required documents. (Business certificate CAC)
• Ensure clarity and legibility.

Step 3: Capacity Training with Ibom-LED

• Eligible applicants will undergo business training to strengthen financial and managerial skills.

Step 4: Approval & Disbursement by Bank of Industry

• The Bank of Industry reviews applications and conducts final due diligence.
• Funds are disbursed directly to the approved suppliers

Requirement

• NIN
• CAC
• Statement of Account for the Business