{"id":137095,"date":"2024-11-05T18:21:53","date_gmt":"2024-11-05T17:21:53","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigerian-govt-to-disburse-n1bn-loan-to-1000-msmes-in-bauchi"},"modified":"2024-11-05T19:25:19","modified_gmt":"2024-11-05T18:25:19","slug":"nigerian-govt-to-disburse-n1bn-loan-to-1000-msmes-in-bauchi","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-to-disburse-n1bn-loan-to-1000-msmes-in-bauchi","title":{"rendered":"Nigerian Govt to disburse N1bn loan to 1,000 MSMEs in Bauchi"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Federal Government, through the Bank of Industry, BOI, is set to inject N1 billion in loans to support 1,000 Micro, Small, and Medium Enterprises (MSMEs) across Bauchi State.<\/p>\n

Speaking in Bauchi on Tuesday, BOI Project Officer Kabir Saidu Musa explained that the application process is open, urging entrepreneurs to apply online for up to N1 million in funding at https:\/\/fgnboimsmeintervention.boi.ng.<\/p>\n

Musa noted that, in addition to the loan, the government previously provided a N50,000 grant to beneficiaries across Bauchi\u2019s 20 local councils.<\/p>\n

He further explained that qualifying SMEs were selected by the bank\u2019s local representative working with the state government.<\/p>\n

\u201cFor the FGN Intervention that is currently ongoing, applications are entirely online. Once successfully submitted, applicants will be redirected to our office for verification. We may reach out, visit the business, and make recommendations for final approval,\u201d Musa said.<\/p>\n

He outlined that the loan terms include a three-year repayment period with a six-month grace period and a nine percent interest rate.<\/p>\n

In a similar vein, the Bauchi representative of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Abdulrasheed Aliyu, noted that the agency is offering business development services and workshops to loan recipients.<\/p>\n

He added that training is intended to help beneficiaries use the funds as intended and prevent misuse.<\/p>\n

For More News And Analysis About Nigeria Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Federal Government, through the Bank of Industry, BOI, is set to inject N1 billion in loans to support 1,000 Micro, Small, and Medium Enterprises (MSMEs) across Bauchi State. Speaking in Bauchi on Tuesday, BOI Project Officer Kabir Saidu Musa explained that the application process is open, urging entrepreneurs to apply online […]<\/p>\n","protected":false},"author":84,"featured_media":137094,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[463,1889,254,227],"class_list":["post-137095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-bauchi","tag-msmes","tag-nigeria","tag-nigerian-govt"],"yoast_head":"\nNigerian Govt to disburse N1bn loan to 1,000 MSMEs in Bauchi - Nigeria<\/title>\n<meta name=\"description\" content=\"The Federal Government, through the Bank of Industry, BOI, is set to inject N1 billion in loans to support 1,000 Micro, ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-to-disburse-n1bn-loan-to-1000-msmes-in-bauchi\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigerian Govt to disburse N1bn loan to 1,000 MSMEs in Bauchi\" \/>\n<meta property=\"og:description\" content=\"The Federal Government, through the Bank of Industry, BOI, is set to inject N1 billion in loans to support 1,000 Micro, ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-to-disburse-n1bn-loan-to-1000-msmes-in-bauchi\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-05T17:21:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-05T18:25:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/11\/sm_1730818485.458859.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"739\" \/>\n\t<meta property=\"og:image:height\" content=\"549\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-to-disburse-n1bn-loan-to-1000-msmes-in-bauchi#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-to-disburse-n1bn-loan-to-1000-msmes-in-bauchi\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nigerian Govt to disburse N1bn loan to 1,000 MSMEs in Bauchi\",\"datePublished\":\"2024-11-05T17:21:53+00:00\",\"dateModified\":\"2024-11-05T18:25:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-to-disburse-n1bn-loan-to-1000-msmes-in-bauchi\"},\"wordCount\":239,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-to-disburse-n1bn-loan-to-1000-msmes-in-bauchi#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/11\/sm_1730818485.458859.jpg\",\"keywords\":[\"Bauchi\",\"MSMEs\",\"Nigeria\",\"Nigerian Govt\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-to-disburse-n1bn-loan-to-1000-msmes-in-bauchi#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-to-disburse-n1bn-loan-to-1000-msmes-in-bauchi\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-to-disburse-n1bn-loan-to-1000-msmes-in-bauchi\",\"name\":\"Nigerian Govt to disburse N1bn loan to 1,000 MSMEs in Bauchi - 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