If you have been hearing about the idice fund and don’t know how to apply, this update is for you. The Federal Government of Nigeria, through the Bank of Industry (BOI), has launched the Investment in Digital and Creative Enterprises (iDICE) loan programme to support the growth of innovative businesses in the technology and creative sectors.
The iDICE Fund (Investment in Digital and Creative Enterprises) is a major Federal Government of Nigeria initiative designed to help young Nigerians and businesses in the technology, digital, and creative industries grow through funding, training, and business support. It is implemented by the Bank of Industry and supported by the African Development Bank, Islamic Development Bank, and Agence Francaise de Développement.
Under the programme, eligible businesses can access financing ranging from #10 million up to #4100 million, depending on the funding window and the outcome of the business assessment.
Available Loan Funds
BOI-iDICE Debt Fund *|IsDB-iDICE Debt Fund
Who Can Apply?
The programme is designed for eligible businesses operating in sectors such as:
-
- Technology (Tech)
- Creative Industries
- Innovation-driven enterprises
History
Important Information to note:
a. Interest rate: 10% per annum
b. Repayment period: Up to 5 years
c. Moratorium: Up to 6 months (subject to the facility terms)
How to apply:
Interested and qualified applicants should apply here https://idice.boi.ng
Ensure all the information you provide is accurate and truthful. Make sure you do not have unresolved loan defaults or negative credit records linked to your BVN, as this may affect your application.