NLNG/BOI Micro Small and Medium Enterprise Scheme (MSME)Nigeria LNG Limited (NLNG) is a major player in the global LNG business. NLNG was incorporated as a Limited Liability company on May 17, 1989, to harness Nigeria's vast natural gas resources and produce Liquefied Natural Gas (LNG) and Natural Gas Liquids (NGLs) for export.The establishment of NLNG as a company is backed by the Nigeria LNG (Fiscal Incentives, Guarantees and Assurances) Act. Cap N87, Laws of Federation of Nigeria 2004 which amongst other things, provides for the guarantees and assurances by the Federal Government of Nigeria to the Company and its Shareholders.Frequently Asked Questions
What is NLNG – BOI (MSME) SCHEME?
What is the Fund called?
What is Micro, Small and Medium Enterprise Scheme (NLNG/BOI FUND)?
What is the purpose of the NLNG – BOI (MSME) SCHEME?
How is the Fund for this NLNG – BOI (MSME) SCHEME contributed?
Who is eligible to access the NLNG – BOI (MSME) SCHEME?
What types of facilities can be accessed under the NLNG – BOI (MSME) SCHEME?
What are the eligibility Criteria for the different types of facilities?
What is the maximum amount an applicant can access under the available facilities?
What are the tenor and moratorium periods for the available types of facilities?
What are the type of loans under NLNG – BOI (MSME) SCHEME?
What are the target areas of financing under the NLNG/BOI MSME?
How many times can an applicant borrow from this fund?
What is the interest rate applicable for the available facility types?
Where can a prospective borrower apply for NLNG – BOI (MSME) SCHEME?
How long will it take to access the loan upon submission of the application?
What types of Collateral/Security are required to access these facilities?
What documents must be provided for the different facility types?
Which communities are NLNG Host Communities?