Applications are now open for BOI RAPID Programme 2026. If you are interested and eligible, you can now follow the application process below to apply for Rural Area Programme on Investment for Development (RAPID).
The Bank of Industry (BOI), under the Renewed Hope initiative, has opened applications for the Rural Area Programme on Investment for Development (RAPID), a financing programme designed to support rural businesses and community development projects across Nigeria.
The programme aims to empower nano, micro, and small businesses in rural communities through funding, training, business advisory services, and enterprise development support.
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About the BOI RAPID Programme
The Rural Area Programme on Investment for Development (RAPID) or BOI RAPID Loan was created to help rural and economically disadvantaged communities unlock business opportunities, create jobs, improve living standards, and promote economic growth.
The initiative focuses particularly on supporting youth, women entrepreneurs, and rural enterprises through accessible financing and business support services.
BOI RAPID Programme Objectives
1. Empowerment
The programme aims to provide resources, skills, funding, and opportunities to businesses operating in rural communities, with emphasis on MSMEs, women, and youth entrepreneurs.
2. Job Creation
The programme supports enterprise growth to stimulate employment opportunities and reduce economic challenges contributing to youth unemployment.
3. Economic Diversification
The initiative encourages the development of business activities beyond traditional agriculture and promotes sustainable rural enterprise development.
BOI RAPID Loan Target Beneficiaries
1. Micro and Small Businesses
The programme supports rural-based nano, micro, and small businesses seeking financing and growth opportunities.
2. Community Groups
Community groups in rural areas can also access support for projects aimed at improving local infrastructure and economic development.
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BOI RAPID Programme Features
The BOI RAPID Programme features include:
- Maximum repayment period of 3 years
- Interest rate of 5% per annum
- Access to business advisory services
- Training and capacity development support
- Funding support for business expansion and community projects
Eligibility Requirements
Applicants are expected to provide:
- Completed application form
- Business plan
- Valid means of identification
- BVN and NIN
- Proof of residential address
- Completed guarantor forms
- Other applicable requirements and conditions
Application Deadline
Not Specified. Apply early to avoid missing out on this golden opportuinity from the the Federal Government of Nigeria
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How to Apply for BOI RAPID Programme 2026
Interested and eligible applicants should visit the BOI RAPID Programme 2026 official application portal, fill the application form, and ensure that you successfully submit your application.
For enquiries:
Email: [email protected]
Call: 0700-CALL-BOI (0700 225 5264)
Switchboard: (+234)-02-012715070-71
You can also check out more opportunities you are eligible to apply for on the Federal Government Initiative Category, Latest Grant Collection Category, and Job and Career Opportunity Desk.
