FG ₦4.5m NESP Loan: Portal Reopened – Here’s How to Apply

Are you seeking guidance on navigating the ongoing Federal Government NESP loan application process?

If so, you’ve come to the right place. In this guide, we’ll walk you through the step-by-step process to register and secure funding for your small or large business through the Federal Government Nigeria Economic Sustainability Plan (NESP) ₦4,500,000 loan facilitated by the Bank of Industry.

Understanding the NESP

The Nigeria Economic Sustainability Plan (NESP) is a strategic initiative to foster the growth of small and large enterprises to bolster the Nigerian economy.

With a focus on post-COVID-19 recovery, the federal government has allocated USD 5.9 billion (NGN 2.3 trillion) towards the NESP to stimulate economic diversification, job retention and creation, and support vulnerable populations.

Funding Sources and Anticipated Impact

The NESP will be financed through various channels, including Special Federal Government Accounts, structured lending from the Central Bank of Nigeria (CBN), external bilateral/multilateral sources, and other funding avenues.

The program aims to directly engage 100,000 MSMEs in the production sector and preserve over 1.3 million jobs.

NESP Loan Requirements

To qualify for the NESP loan, you’ll need a registered business name, Business Registration Number (RC or BN), details about your business operations, years of operation, contact information, and government-issued identification.

Application Process: How to Apply Through the Bank of Industry

To initiate the loan application process, you must create an account on the Bank of Industry website. Follow these steps:

Step One:

Visit the Bank of Industry registration portal at https://apply.boi.ng/register

Step Two:

Provide accurate information, including your business name, contact details, entity type, CAC registration status, business owner information, and office address.

Conclusion

We encourage you to take advantage of this opportunity by registering your business and accessing the benefits of the NESP loan program. For more information, visit The Statehouse, Abuja.

PS: Consultation Available

If you require guidance on securing collateral-free loans from either government or private sector sources, contact Amaka at +234 807 605 2845. Take proactive steps to empower your business and contribute to Nigeria’s economic growth.