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Nigeria’s Bank of Industry launches $110 million debt facilities for tech and creative startupsNew financing options aim to tackle startups’ access to affordable capital and support growthApplications are now open for eligible businesses across all 36 states and the FCT
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
The Federal Government, through the Bank of Industry (BOI), has opened applications for two major debt-financing facilities worth a combined $110 million under the Investment in Digital and Creative Enterprises (iDICE) Programme, offering technology and creative startups access to affordable capital to grow their businesses.
The newly launched facilities, the BOI-iDICE $45 million Debt Fund and the IsDB-iDICE $65 million Debt Fund, are available to eligible businesses in all 36 states and the Federal Capital Territory.
President Bola Tinubu’s government opens applications for Nigerian startups to get $110 million. Credit: State HouseSource: Facebook
