BOI–iDICE Debt Fund

About

The Bank of Industry, on behalf of the Federal Government of Nigeria, provides affordable debt financing of ₦10 million to ₦1 billion to eligible technology and creative businesses operating in Nigeria under the iDICE programme.

Benefits

• 💰Financing range
  Eligible businesses can access financing from ₦10 million to ₦1 billion, subject to assessment and approval.
• 📉Interest rate
  The facility carries a maximum interest rate of 10% per annum.
• ⏳Moratorium
  Successful applicants may receive a moratorium of up to six months, subject to the approved facility terms.
• 🗓️ Repayment period
  The repayment period is up to five years, depending on the approved facility.

Eligibility Criteria

• Applicants must be registered business entities operating in Nigeria.
• The fund is open to eligible technology and creative startups with demonstrated growth potential.
• Qualifying established technology or creative enterprises may also be eligible, depending on the applicable eligibility requirements.
• Eligible sectors include FinTech, HealthTech, EdTech, AgriTech, ClimateTech, AI and Data, E-commerce, Software and Digital Services, Cybersecurity, SaaS, Film and Television, Music, Animation and VFX, Gaming, Fashion and Beauty, Digital Content, Publishing, Photography and Cinematography, Performing Arts, Visual Arts and other qualifying digital and creative enterprises.

Participation Commitments

• Applications must be submitted through the official iDICE financing portal at https:
• idice.boi.ng/.
• Applicants should review the requirements, provide accurate business information and submit the supporting documents requested through the portal.
• Applications to iDICE initiatives are free.

Target Sector

Agriculture & Food, Defense & Security, Education, Energy & Utilities, Financial Services, Healthcare & Life Sciences, Media & Entertainment, Retail & Consumer, Other

Target Location

Registered business entities operating in Nigeria, including across all 36 states and the Federal Capital Territory.