FG iDICE Funding 2026: Apply for Up to ₦1 Billion Business Loan in Nigeria – Requirements and Application Portal
Are you a Nigerian entrepreneur operating a technology startup, digital business or creative enterprise? Here is a Federal Government-backed funding opportunity you should not ignore.
The Federal Government of Nigeria, through the Investment in Digital and Creative Enterprises (iDICE) Programme, has opened two financing opportunities for eligible technology and creative businesses across the country.
Under the BOI–iDICE Debt Fund, eligible businesses can apply for financing ranging from ₦10 million to ₦1 billion, at a maximum interest rate of 10% per annum, with a repayment period of up to five years and a possible moratorium of up to six months.
There is also an IsDB–iDICE financing facility offering Sharia-compliant, non-interest financing for eligible businesses seeking funds to acquire productive business assets.
The opportunities are designed to help Nigerian entrepreneurs overcome funding challenges, expand their businesses, acquire equipment, increase production capacity and create employment.
Interested entrepreneurs can start their applications through the official portal:
In this guide, we explain everything you need to know about FG iDICE funding, including the available financing options, eligible businesses, loan amounts, interest rates, application requirements and how to apply.
What Is the FG iDICE Programme?
iDICE means Investment in Digital and Creative Enterprises.
It is a Federal Government of Nigeria initiative implemented by the Bank of Industry (BOI), designed to promote entrepreneurship, innovation, investment and job creation in Nigeria’s technology and creative industries.
The programme receives support from major development finance institutions, including:
- African Development Bank (AfDB).
- Agence Française de Développement (AFD).
- Islamic Development Bank (IsDB).
- Federal Government of Nigeria through the Bank of Industry.
Its objective is to improve access to finance, strengthen the digital and creative ecosystem and help Nigerian businesses develop products and services that can compete internationally.
How Much Can You Get From the FG iDICE Funding?
Under the BOI–iDICE Debt Fund, qualified businesses can request between ₦10 million and ₦1 billion.
Here are the major financing details:
- Minimum financing: ₦10 million.
- Maximum financing: ₦1 billion.
- Maximum interest rate: 10% per annum.
- Repayment period: Up to five years.
- Moratorium: Up to six months, subject to approval.
- Funding type: Business debt financing.
The actual amount approved depends on your business operations, financial position, funding requirements and the Bank of Industry’s assessment.
Please note: This is a repayable financing facility, not free government money.
Two FG iDICE Funding Opportunities You Can Apply For
The programme currently provides two major financing windows.
1. BOI–iDICE Debt Fund: Up to ₦1 Billion
This financing facility is administered through the Bank of Industry on behalf of the Federal Government.
It is designed to support eligible technology and creative startups with demonstrated growth potential.
Successful applicants can access financing for eligible business activities, including:
- Business expansion.
- Purchase of productive equipment.
- Technology infrastructure.
- Increased production capacity.
- Development of business operations.
- Other approved business investments.
Key benefits:
- Financing between ₦10 million and ₦1 billion.
- Maximum interest rate of 10% annually.
- Up to six months’ moratorium.
- Repayment period of up to five years.
2. IsDB–iDICE Debt Fund: Non-Interest Financing
The second option is supported by the Islamic Development Bank.
Unlike conventional interest-based lending, this financing facility uses a Sharia-compliant Murabaha arrangement.
It is primarily designed to help eligible technology and creative businesses acquire productive assets such as:
- Business equipment.
- Production machinery.
- Technology infrastructure.
- Creative industry equipment.
- Other eligible productive assets.
Under Murabaha financing, the financier purchases an approved asset and resells it to the customer at an agreed price that includes a disclosed markup.
This is a non-interest financing arrangement, although it is not free money.
Who can apply?
Eligible Nigerian businesses can apply regardless of their religion or background.
The programme identifies participating non-interest financial institutions, including Lotus Bank, SunTrust Bank and Summit Bank. Applicants should confirm the current application arrangements with the official programme.
Which Businesses Are Eligible for FG iDICE Funding?
The programme targets technology and creative businesses operating in Nigeria.
Some of the eligible sectors include:
Technology and Digital Businesses
- FinTech businesses.
- HealthTech startups.
- EdTech companies.
- AgriTech businesses.
- ClimateTech enterprises.
- Artificial Intelligence businesses.
- Software development companies.
- E-commerce businesses.
- Cybersecurity companies.
- Data and digital service providers.
- Technology-enabled businesses.
Creative Industry Businesses
- Film and television production.
- Music businesses.
- Animation and visual effects.
- Gaming businesses.
- Fashion and beauty enterprises.
- Photography and cinematography.
- Digital content production.
- Publishing businesses.
- Performing arts.
- Visual arts.
- Other qualifying creative enterprises.
If your business operates in any of these areas, you should review the official eligibility requirements to determine whether it qualifies.
Who Can Apply for the iDICE Loan?
The programme is designed for eligible technology and creative startups operating in Nigeria.
Applicants are generally expected to:
- Have a duly registered business entity in Nigeria.
- Operate within an eligible technology or creative subsector.
- Demonstrate genuine business operations.
- Have a viable business model and growth potential.
- Comply with applicable regulatory requirements.
- Meet the relevant credit assessment and verification conditions.
- Provide the necessary business and financial documentation.
Both new and established businesses may qualify depending on their operations and the specific financing requirements.
However, simply registering a company does not guarantee approval.
Requirements for the FG iDICE Funding Application
Before starting your application, prepare relevant business documents.
These may include:
- CAC Certificate of Registration.
- Business registration number.
- Company information and business profile.
- Evidence of business operating address.
- Valid identification and relevant KYC information.
- Tax and regulatory information, where applicable.
- Business financial records.
- Bank statements, where required.
- Details of employees and business operations.
- Information about the proposed use of funds.
- Other documents requested during the application process.
The exact requirements may differ depending on the selected financing window and the applicant’s business structure.
How to Apply for FG iDICE Funding in 2026
Interested Nigerian entrepreneurs can apply through the official BOI–iDICE application portal.
Follow these steps:
STEP 1: Visit the Official Application Portal
Go to:
This is the official application portal for the iDICE debt financing opportunities.
STEP 2: Select Your Financing Option
Review the available BOI–iDICE and IsDB–iDICE financing options and select the one that matches your business requirements.
STEP 3: Start Your Application
First-time applicants can select the option to express interest and proceed with the application process.
STEP 4: Provide Your Company Information
You will be required to provide details such as:
- CAC registration number.
- Registered business name.
- Company type.
- Business subsector.
- Requested loan amount.
- Number of employees.
- Business address.
- Contact information.
- Other relevant company details.
STEP 5: Upload the Required Documents
Upload the requested documents and supporting evidence.
Ensure that your business information is accurate and that your documents are clear and valid.
STEP 6: Complete the Remaining Application Stages
Follow the portal instructions to complete the regulatory, business and other verification stages.
STEP 7: Submit and Monitor Your Application
After submitting your application, monitor your registered contact details and the official portal for updates, verification requests and further instructions.
Remember that submission does not mean automatic approval.
Is the FG iDICE Funding a Grant or a Loan?
The BOI–iDICE Debt Fund is a business loan, not a grant.
Successful applicants are expected to repay the money under the approved financing terms.
The IsDB–iDICE facility is also repayable financing, but it operates through a Sharia-compliant Murabaha arrangement rather than conventional interest-based lending.
Entrepreneurs should understand the repayment obligations before applying.
Is the iDICE Application Free?
Yes. Applications to iDICE initiatives are free.
The programme does not require applicants to pay individuals or unofficial agents to secure approval.
Be careful of fraudsters who demand money in exchange for guaranteed access to the ₦1 billion facility.
Always use the official application portal and verify any payment request directly with the Bank of Industry.
Official FG iDICE Application Links
Use the following official websites to obtain information and submit your application.
1. Direct iDICE Loan Application Portal
2. Official iDICE Programme Website
3. Active Funding Opportunities
https://www.idice.ng/opportunities
4. Bank of Industry Website
5. Official iDICE Frequently Asked Questions
BOI Customer Support
Telephone: 0700 225 5264
Email: [email protected]
Frequently Asked Questions About FG iDICE Funding 2026
1. How much can I borrow under the FG iDICE programme?
Eligible businesses can request between ₦10 million and ₦1 billion under the BOI–iDICE Debt Fund, subject to assessment and approval.
2. What is the interest rate for the iDICE loan?
The BOI–iDICE Debt Fund carries a maximum interest rate of 10% per annum.
3. How long is the repayment period?
The repayment period can extend up to five years, depending on the approved facility.
4. Is there a grace period?
A moratorium of up to six months may be available under the BOI–iDICE facility, subject to approval.
5. Can a small technology company apply?
Yes. Eligible technology startups can apply if they meet the registration, business viability and other financing requirements.
6. Can a fashion business apply for iDICE funding?
Yes. Fashion and beauty are among the creative industry subsectors identified under the programme.
7. Can a software development company apply?
Yes. Software development and digital services are among the eligible technology sectors.
8. Can an established business apply?
Yes. Qualifying established technology and creative businesses may apply, subject to the applicable eligibility criteria.
9. Is the IsDB–iDICE funding only for Muslims?
No. It is open to all eligible Nigerian businesses, regardless of religion.
10. Where can I apply for the iDICE loan?
Visit the official application portal:
11. Is iDICE funding available in all Nigerian states?
The programme has nationwide coverage, with eligible businesses across Nigeria able to apply, subject to the financing requirements.
12. Can I apply for both the BOI and IsDB financing?
Review the conditions of both facilities and follow the official programme’s instructions on applications. Do not assume that applying for one automatically qualifies you for the other.
Final Thoughts
The FG iDICE funding programme provides an opportunity for eligible Nigerian technology entrepreneurs and creative business owners to access financing for business development and expansion.
With financing of up to ₦1 billion under the BOI–iDICE Debt Fund and a separate non-interest financing option under IsDB–iDICE, eligible businesses have two different funding structures to explore.
If you operate a technology startup, software company, FinTech business, fashion enterprise, film production company or another qualifying creative business, visit the official portal and review the requirements.
APPLY HERE: https://idice.boi.ng/
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