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Published: 22 May 2024
The objective of the programme is to assist communities in rural and economically disadvantaged areas to tap into available resources for the development of enterprises that can provide employment, improve standard of living, contribute to national growth and tame insecurity arising from youth restiveness. The Bank hopes to achieve the foregoing through the RAPID initiative by providing financial support to nano, micro and small-scale businesses in the rural locations. In addition to financial support, beneficiaries would also have access to business advisory services and training programmes to ensure business viability, growth, and sustainability.
Financing Program for Micro and Small Businesses, as well as Community Groups
Get funding and support for projects to grow micro and small businesses, and develop community infrastructure.
Target Market
| Application Deadline | May 29, 2024 |
| Country to study | Nigeria |
| Type | Entrepreneurs |
| Sponsor | Bank of Industry Limited (BOI) |
| Gender | Men and Women |
Empowerment: Provide resources, skills, and opportunities to buisnesses local in rural areas , particularly MSMEs, with focus on Youth and Women entrepreneurs .
Job Creation: Stimulate job creation, particularly for youth and women, through the growth and expansion of rural enterprises
Economic Diversification: Promote the development of diverse economic activities beyond traditional agriculture in rural areas.
Email: [email protected] | Call: 0700-CALL-BOI | 0700 225 5264
switchboard: (+234)-02-012715070-71
For more details, visit BOI website