Bank of Industry (BOI)
Rural Area Programme on Investment for Development (RAPID)
Verification
Unverified. Catalogue information date: 5 Oct 2026
- Source publication date:
- —
- Source retrieved:
- —
- Automated evidence check:
- —
- Human review:
- Not human-reviewed
Application status
Application availability is not confirmed. Availability is separate from verification.
- Amount
- Up to NGN 10 million.
- Currency
- NGN
- Cost terms
- 5% per annum inclusive of application processing fees. Maximum three years; FAQ states three-month interest and six-month principal moratoria; security/insurance conditions apply.
- Sectors
- Value-adding manufacturing, Agribusiness processing
- Business stages
- Nano, micro and small businesses
- Regions
- Rural and economically disadvantaged areas of Nigeria
Applicant requirements
- Applicant operates in Nigeria, subject to the programme's geographic conditions.
- Registered business name or cooperative operating in a rural/economically disadvantaged Nigerian area; other businesses require special provider consideration.
- Value-adding activities; trading and primary agriculture are excluded.
- Provide business plan/cash flow, registration, identification, BVN/NIN and applicable permits.
- Meet asset-charge, guarantor, GSI and credit-life-insurance conditions.
Source notesOfficial programme information retrieved on 5 October 2026 from https://rapid.boi.ng/faqs. No application was submitted. Terms and intake remain subject to provider confirmation and administrator review.
Fields without a supporting source passage are left empty. Eligible locations come from the source text. They are not a guarantee that you are eligible.
Published programme limits are not an offer. Where a lender or individual assessment determines terms, ask that lender for the amount, interest, fees, repayment schedule and security in writing.
Official programme pagehttps://rapid.boi.ng/faqs
Application linkhttps://rapid.boi.ng/register
Evidence checks
There are no independent field evidence checks for this programme yet.
AI field evidence checks and machine summaries are not provider endorsement, human review or funding approval.
Next step
Confirm terms, requirements and current application availability with the official provider before applying. This is an unverified listing.Fundemio is not a lender. It does not submit applications or promise approval.