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How to Apply Bank of Industry Limited (BOI) Loan in 2021 

Bank of Industry Limited (BOI) is the oldest, largest, and most successful development finance institution in Nigeria. It was reconstructed in 2001. From the Nigerian Industrial Development Bank (NIDB) Limited, which was established in 1964. The bank began operations in 1964, with an authorized share capital of GBP 2 million.


The international financial corporation, which issued its pioneering CEO, held 7596 of its capital along with many domestic and foreign private investors. Although the bank's authorized capital was initially set at N50 billion. Following the transformation of the NIDB into a PKI in 2001, it was increased to 250 billion to enable the bank to better respond to the country's growing economic nature under its mandate.


Following a successful institutional, operational and financial restructuring program launched in 2002, the Bank has become efficient, focused, and profitable institution that is well placed to fulfill its core mandate of providing long-term financing to the Nigerian industrial sector, economy.


We provide access to finance for start-ups, SMEs, and large businesses. Access means that we facilitate the whole process from applying for an advance loan.


Industry of Industry Limited (PGI) seeks to provide financial assistance for the establishment of the large, medium, and small projects, as well as for the expansion, diversification, and modernization of existing businesses; and rehabilitation of existing ones.

Target Market

Micro Enterprises

Small & Medium Enterprises

Large Enterprises


Product Offering


  • Youths
  • Women & Business
  • Asset Finance
  • Working Capital


How to Apply for this loan

  1. Visit the BOI website at https://www.boi.ng/
  2. Then click the "Apply for a loan" button
  3. Select the kind of loan your applying for


Then follow the prompts.

If you encounter any problem, please call (+234) 0700-CALL-BOI or visit 23 Marina, Lagos. Nigeria. 

- voiceofnigeria

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