9 Places small businesses can get funding in Nigeria

Funding is arguably one of the biggest challenges small businesses in Nigeria face, the problem is however, not unique to Nigeria alone. The World Bank estimates that “50% of SMEs lack access to finance, which hinders their growth”. This does not mean there are no places and organisations small businesses in Nigeria can raise capital, here are 9 of such organisations. 1. Bank of Industry Bank of Industry Limited (BOI) is arguably Nigeria’s largest successful development financing institution. Providing financial assistance for the establishment of large, medium and small projects. Its programmes include matching funds and managed funds, many of which target small and medium scale enterprises. An example is the Federal Department of Agriculture (FDA) Cottage Fund. http://www.boi.ng/ 2. Tony Elumelu Entrepreneurship Programme The  Tony Elumelu Entrepreneurship Programme ...