BOI Opens iDICE Funding of ₦10m to ₦1bn to Tech and Creative Businesses

The Bank of Industry (BOI), through the Investment in Digital and Creative Enterprises (iDICE) Programme, is offering eligible Nigerian technology and creative businesses financing from ₦10 million to ₦1 billion. The opportunity is targeted at specific industries, so not every registered Nigerian business will qualify.

Eligible technology businesses

The programme covers technology businesses in financial technology, health technology, educational technology, agricultural technology and climate technology. Other eligible areas are artificial intelligence, data services, e-commerce, software development, cybersecurity and technology-enabled services.

A fintech company seeking to expand its digital infrastructure or an agricultural technology startup developing solutions for farmers may be considered if it meets the financing requirements. The programme also accommodates qualifying businesses developing digital products and services for commercial use.

Creative sector windows

For the creative industries, eligible sectors include film and television, music and entertainment, animation, visual effects, gaming, fashion, beauty and digital content creation. Publishing, photography, cinematography, performing arts and visual arts are also covered.

A fashion company seeking to expand production capacity or a film production business requiring professional equipment could fall within the programme's target sectors.

Requirements and access

Applicants must operate registered business entities in Nigeria. Business owners should have their registration details and relevant corporate records ready before starting the application. BOI may consider the company's operating history, business prospects, proposed use of funds and ability to repay.

Ordinary trading businesses outside the target sectors may not qualify. Interested entrepreneurs can visit https://idice.boi.ng/ to review the financing conditions and submit applications.

The programme aims to strengthen Nigeria's digital and creative economy and improve access to business capital. For eligible businesses, it offers a formal route to finance from ₦10 million to ₦1 billion.

The Federal Government has also opened applications for organisations and individual experts seeking to participate in the 3 Million Technical Talent (3MTT) programme, with approximately N4 billion in funding for Cohorts 5 and 6 to support skills development and employment outcomes. The initiative is designed to equip Nigerians with in-demand digital skills and create pathways to employment, entrepreneurship and economic opportunities.