Investment in Digital and Creative Enterprises Program (iDICE)
Welcome to the official application portal for the BOI–iDICE Debt Fund and the IsDB–iDICE Non-Interest Financing Facility. These financing windows are part of the Investment in Digital and Creative Enterprises (iDICE) interventions, from the Federal Government of Nigeria, to support the growth of technology and creative startups through improved access to affordable financing, enterprise development, and ecosystem support.
Please select your preferred financing option and signify your interest in the fund with accurate and up-to-date information. All applications will be assessed in line with the eligibility and evaluation criteria for the selected fund.
Choose a fund to express your interest.
Lending Type: Direct Lending
BOI–iDICE Debt Fund
The Investment in Digital and Creative Enterprises (iDICE) Programme is a flagship initiative co-financed by the Bank of Industry (BOI), to promote entrepreneurship, innovation, and job creation in Nigeria's digital and creative sectors. As part of our commitment, BOI has provided US$45 million to establish a dedicated debt financing facility for startups and growth-stage enterprises.
The iDICE Debt Fund is designed to provide accessible financing to eligible youth-led technology and creative businesses with high-growth potential. Whether you are building a startup or scaling an existing enterprise, BOI is committed to supporting your growth journey by providing the capital needed to innovate, expand, create jobs, and contribute to Nigeria's economic development
Eligible beneficiaries must:
- Be duly registered Nigerian businesses
- Operate within eligible technology or creative industry subsectors
- Demonstrate commercial viability and growth potential
- Comply with applicable regulatory requirements
- Meet BOIs credit assessment standards and KYC/AML requirements.
- Ventures designed for rapid scale & global expansion.
- Centered on innovation & disruption.
Lending Type: Direct Lending
IsDB Facility - Sharia-compliant debt for tech & creative startups
A $65 million Murabaha Islamic Finance facility from the Islamic Development Bank (IsDB) forms one debt fund under Access to Finance pillar of the iDICE programme. Murabaha is a Shariah-compliant cost-plus markup financing structure in which the financier (IsDB) purchases assets on behalf of the borrower (start-ups) and resells them at an agreed markup through designated non-interest banks that are serving as agents of the BOI. This eliminates interest (riba), ensuring compliance with Islamic finance principles. Startups will apply for Murabaha financing directly to non-interest banks, referred to as Partner Financial Institutions (PFIs), for the purchase of identified project assets from relevant vendors. Successful applications are batched to BOI for review before IsDB approval, and final disbursement to the PFIs.
Eligible beneficiaries must:
- Be duly registered Nigerian businesses
- Operate within eligible technology or creative industry subsectors
- Demonstrate commercial viability and growth potential
- Comply with applicable regulatory requirements
- Meet BOIs credit assessment standards and KYC/AML requirements.
- Ventures designed for rapid scale & global expansion.
- Centered on innovation & disruption.