The Bank of Industry (BOI), in partnership with the MTN Foundation, has introduced the N1 Billion Y’ellopreneur 3.0 Matching Fund, a major financing initiative aimed at strengthening women-owned businesses across Nigeria.
The programme is designed to provide not only capital but also structured business development support to help female entrepreneurs scale sustainably.
The new funding window reinforces ongoing efforts to improve financial inclusion and expand access to growth opportunities for women in Nigeria’s MSME ecosystem.
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About the Y’ellopreneur 3.0 Matching Fund
The Y’ellopreneur Fund is a collaborative initiative between BOI and MTN Foundation that offers matching financial support to eligible women entrepreneurs.
Under the 3.0 edition:
- BOI provides funding support
- MTN Foundation matches the contribution
- Selected businesses receive amplified capital to expand operations
Beyond funding, beneficiaries also gain access to capacity-building programmes and business advisory services to improve long-term sustainability.
Who Is Eligible to Apply?
The fund is open to:
1. Women entrepreneurs with registered businesses in Nigeria
2. Small and Medium Enterprises (SMEs) with viable business models
3. Businesses operating in sectors such as:
- Agriculture and Agribusiness
- Manufacturing
- Technology and ICT
- Services (Hospitality, Retail, Logistics, Health, Education)
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Required Application Documents
Applicants are generally expected to provide:
- Valid CAC registration documents
- A clear and scalable business model
- Basic financial records
- A defined plan for the use of funds
- Readiness to participate in a matching fund structure
Key Benefits
1. Matching Grant Funding
Selected women-led businesses receive BOI funding that is matched by the MTN Foundation, effectively increasing available capital for growth.
2. Business Development Support
Participants will benefit from:
- Financial management training
- Business planning guidance
- Market linkage support
- Operational efficiency advisory
3. Network Access
The programme provides exposure to industry networks, partnership opportunities, and potential investors nationwide.
4. Nationwide Coverage
Eligible businesses across Nigeria’s six geopolitical zones can apply.
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How to Apply for BOI and MTN Y’ellopreneur 3.0 Matching Fund
Interested applicants should visit the official BOI programme page via https://www.boi.ng/product/mtn-foundation-yellopreneur-fund/ Carefully review eligibility criteria and funding guidelines.
Complete the online application form, upload required documents, including CAC registration and financial details. Submit the application through the portal.
Applicants are encouraged to prepare clear and well-structured submissions to improve their chances of selection.
You can also visit Latest Grant Category and Job and Career Opportunity Desk Section to explore and discover opportunities you are qualified to apply for.
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