BOI–iDICE Loan Fund 2026: Portal, Requirements and How to Apply

BOI–iDICE Loan Fund 2026: Portal, Requirements and How to Apply

The Bank of Industry (BOI) Investment in Digital and Creative Enterprises (iDICE) Programme has officially opened its application portal for eligible Nigerian startups and growth-stage businesses seeking affordable financing to expand their operations. Through the BOI–iDICE Debt Fund and the Islamic Development Bank (IsDB) Non-Interest Financing Facility, qualified businesses can access funding to scale innovative ideas, create employment, and contribute to Nigeria’s digital economy.

If you operate a registered technology or creative business in Nigeria, this programme offers a unique opportunity to secure financing of up to ₦1 billion to accelerate your business growth.

What is the BOI iDICE Programme?

The Investment in Digital and Creative Enterprises (iDICE) Programme is a flagship initiative of the Federal Government of Nigeria aimed at promoting innovation, entrepreneurship, and job creation across the country’s digital and creative sectors.

The programme is co-financed by the Bank of Industry (BOI), the Islamic Development Bank (IsDB), and other development partners to provide affordable financing and enterprise development support for Nigerian startups.

The initiative focuses on helping businesses that have the potential to scale rapidly, compete globally, and contribute significantly to Nigeria’s economic transformation.

BOI iDICE Debt Fund

The BOI-iDICE Debt Fund provides affordable loans to startups and established businesses operating in eligible sectors.

The fund was created with approximately US$45 million dedicated to supporting youth-led businesses with innovative solutions capable of driving economic growth.

Businesses can apply for funding to:

• Expand business operations
• Purchase equipment
• Increase production capacity
• Develop innovative products
• Create employment opportunities
• Improve service delivery
• Strengthen business competitiveness

IsDB iDICE Non-Interest Financing Facility

For entrepreneurs seeking Sharia-compliant financing, the Islamic Development Bank (IsDB) has introduced a US$65 million Murabaha financing facility.

Unlike conventional loans, Murabaha financing follows Islamic financial principles by eliminating interest (Riba). Instead, financing is structured through the purchase and resale of business assets at an agreed markup.

Successful applicants will receive financing through approved Partner Financial Institutions (PFIs) operating as non-interest banks in collaboration with the Bank of Industry.

This financing option is ideal for entrepreneurs and businesses that prefer ethical and non-interest financial solutions.

Who Can Apply?

The BOI iDICE Programme is open to Nigerian businesses that meet the following eligibility requirements:

• Must be a duly registered Nigerian business
• Must possess a valid RC or BN registration number
• Must operate within the technology or creative industry
• Must demonstrate commercial viability
• Must have significant growth potential
• Must comply with regulatory requirements
• Must satisfy BOI Know Your Customer (KYC) requirements
• Must meet BOI credit assessment standards
• Must be innovation-driven
• Must have the potential for rapid expansion

Eligible Industry Sectors

The programme targets businesses operating within Nigeria’s growing digital and creative economy.

Examples include:

• Software Development
• Artificial Intelligence
• FinTech
• AgriTech
• EdTech
• HealthTech
• Cybersecurity
• Data Analytics
• Cloud Computing
• Digital Marketing
• Animation
• Film Production
• Music Production
• Gaming
• Fashion Technology
• Creative Design
• Digital Content Creation
• Photography
• Media Production
• E-commerce
• Mobile Applications
• Digital Platforms

Loan Amount Available

Applicants can request financing based on their business needs.

The application portal allows businesses to request funding of up to:

• ₦1,000,000,000 (One Billion Naira)
• Businesses are advised to request only the amount necessary to execute their proposed business expansion plan.
• The requested amount will be assessed during the credit evaluation process.

Business Information Required During Application

Applicants should prepare the following information before beginning the online application:

• Company Registration Number (RC or BN)
• Company Name
• Company Short Name
• Company Type
• Loan Amount Required
• Industry Type
• Business Subsector
• Number of Employees
• Registered Address
• Operating Address
• Phone Number
• Email Address
• State
• Local Government Area
• Town or City
• Website (if available)
• LinkedIn Profile
• Instagram Business Page

Personal Information Required During Application 

To successfully complete this section of the application, applicants will need to provide the following information:

• Title (Mr., Mrs., Miss, etc.)
• First Name
• Surname
• Other Name (if applicable)
• Date of Birth
• Country of Birth
• Gender
• Active Phone Number
• Valid Email Address
• Confirm Email Address
• Position in the Organization
• Residential Address
• Nationality
• Country of Residence
• State
• Local Government Area (LGA)
• Town or City
• Highest Educational Qualification
• Bank Verification Number (BVN)
• National Identification Number (NIN)
• Identification Type
• Identification Number
• Identification Issue Date
• Identification Expiry Date
• Country of Issue

Benefits of the BOI iDICE Programme

Successful applicants stand to enjoy numerous benefits, including:

1. Affordable Business Financing

Access to low-cost funding designed specifically for startups and SMEs.

2. Business Expansion

Businesses can invest in infrastructure, equipment, technology, and workforce expansion.

3. Job Creation

The programme supports businesses capable of generating employment opportunities for Nigerians.

4. Enterprise Development

Beneficiaries may receive additional support through business development services and ecosystem partnerships.

5. Increased Innovation

Funding enables startups to develop innovative products and services capable of competing globally.

6. Digital Economy Growth

The programme strengthens Nigeria’s technology ecosystem while promoting digital transformation.

How Applications Will Be Evaluated

Applications submitted through the portal will undergo comprehensive assessment based on several criteria.These include:

• Business registration status
• Industry eligibility
• Financial viability
• Business model
• Growth potential
• Credit assessment
• Regulatory compliance
• KYC verification
• Quality of business information submitted

Documents Required

The iDICE application portal requires several supporting documents to verify the applicant’s identity and address. Ensure that all uploaded files are clear, valid, and within the specified size limits.

Required documents include:

• Proof of Residential Address (such as a recent utility bill or other acceptable proof)
• Passport Photograph (JPG, JPEG, or PNG, maximum 4MB)
• Valid Means of Identification (National ID Card, International Passport, Drivers Licence, or Voters Card, where applicable)
• Copy of Identification Document
• Updated Curriculum Vitae (CV)

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How to Apply for the BOI iDICE Debt Fund 2026

If you are interested in applying, follow the steps below to complete your application successfully.

Step 1: Select Your Preferred Financing Option

Visit the official iDICE application portal and choose the financing option that best suits your business needs. Applicants can select either the conventional BOI iDICE Debt Fund or the Sharia-compliant IsDB Non-Interest Financing Facility.

Step 2: Create Your Applicant Profile

Register with a valid email address and active phone number. These details will be used for account verification, future login, and all communication regarding your application.

Step 3: Complete Your Company Information

Provide accurate information about your registered business, including:

• Registered Business Name
• CAC Registration Number (RC or BN)
• Business Type
• Industry Category
• Business Subsector
• Loan Amount Required
• Number of Employees
• Registered Business Address
• Operating Address
• State, Local Government Area (LGA), and Town/City
• Business Phone Number
• Official Email Address
• Company Website and Social Media Links (where available)

Step 4: Fill in the Business Owner’s Details

Enter the personal information of the business owner or authorized representative, including:

• Full Name
• Date of Birth
• Gender
• Nationality
• Country of Residence
• Position in the Organization
• Residential Address
• Highest Educational Qualification
• Bank Verification Number (BVN)
• National Identification Number (NIN)
• Valid Means of Identification

Step 5: Upload Supporting Documents

Applicants should prepare and upload all required documents in the approved formats. These may include:

• CAC Registration Certificate
• Proof of Business or Residential Address
• Valid Means of Identification
• Passport Photograph
• Curriculum Vitae (CV)
• Any additional documents requested on the application portal

Step 6: Review Your Application

Before submitting your application, carefully review every section to confirm that all information is correct and complete. Incorrect or inconsistent details may delay the assessment process.

Step 7: Submit Your Application

After confirming that all information is accurate, submit your application through the portal. Keep your application reference number or acknowledgement slip for future reference and monitor your email or applicant dashboard for updates.

CLICK HERE TO APPLY FOR BOI-IDICE LOAN 

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