BOI Rapid Empowerment Program 2024 – Apply Now

BOI Rapid Empowerment Program 2024 – Apply Now

If you are a micro and small business owner, you will be happy to know that Bank Of Industry (BOI) has announced it’s new empowerment program called Rural Area Program On Investment for Development (RAPID) as we will be walking you though on how to apply.

About BOI Rapid Empowerment Program 2024

The BOI Rapid Empowerment Program is your Gateway to Empowerment and Growth with the objective of assisting 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.

Target Market

  • Micro and Small Businesses
  • Community Groups in Rural Areas


  • Tenor: maximum of 3 years
  • Interest Rate: 5% per annum

Eligibility Criteria For BOI RAPID Program

  • Completed Application Form
  • Business Plan
  • Acceptable Means of Identification
  • BVN and NIN
  • Proof of Residential Address
  • Completed Guarantor Forms
  • Other Terms and Conditions Apply

Application Deadline

May 29th 2024

How To Apply For BOI Rapid Empowerment Program 2024

If you are micro and small business owner or Community Groups in Rural Areas willing to apply should kindly visit: to apply.

10 thoughts on “BOI Rapid Empowerment Program 2024 – Apply Now”

    • Am Confidence Osamudiamen Amayañvbo from Edo state and paints manufacturer Tell. 08036554859


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