Bank of Industry Rapid programme

Get Up to N10m From Bank of Industry’s RAPID Program

Are you a micro or small-business owner in a rural area, or part of a community group looking to develop infrastructure? The Bank of Industry (BOI) is offering an incredible opportunity through the Rural Area Program on Investment for Development (RAPID). This program aims to provide essential funding and support to foster growth and development in rural communities.


RAPID is designed to bridge the gap in funding for micro and small businesses, as well as community groups in rural areas. The program offers substantial financial support to help you expand your business operations or develop vital community infrastructure.

Program Features:

  • Generous Funding: Secure up to ₦10,000,000 (Ten Million Naira) to bring your business or community project to life.
  • Affordable Terms: Enjoy a low-interest rate of just 5% per annum, making it easier to manage repayments.
  • Flexible Tenor: Benefit from a loan tenor of up to 3 years, providing you with ample time to achieve your business or project goals.

Who Can Apply?

The RAPID program is targeted at:

  • Micro and Small Businesses: Whether you run a small shop, a manufacturing unit, or any other micro or small business, this program is for you.
  • Community Groups: If your group is involved in projects that enhance community infrastructure in rural areas, you are eligible to apply.

How to Apply:

Applying for the RAPID program is straightforward. Simply visit to access the application form and detailed guidelines. Make sure to submit your application by May 29, 2024.

Why You Shouldn’t Miss This Opportunity:

  • Empower Your Business: With substantial funding, you can scale your business operations, invest in new equipment, or improve your service offerings.
  • Develop Your Community: For community groups, this funding can help build essential infrastructure like roads, schools, and healthcare facilities, significantly improving the quality of life in your area.
  • Affordable and Accessible: The low-interest rate and flexible repayment terms make this program highly accessible and manageable.

Take the next step towards growth and development. Apply now and transform your business or community project with the support of the Bank of Industry’s RAPID program.

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