Ready to make your business more sustainable and profitable? Transform your business with Industrial Energy Efficiency (IEE) and Resource Efficient Cleaner Production (RECP) funding. The Bank of Industry (BOI), in collaboration with UNIDO and the Federal Ministry of Environment, has launched a funding programme to support companies in adopting energy-efficient and cleaner production solutions for optimized operations.
What’s in it for your business?
- Enhanced Investment: Gain access to financing for industrial energy efficiency and resource-efficient cleaner production upgrades.
- Alternative Energy Solutions: Explore renewable energy sources and energy-efficient technologies to reduce your carbon footprint and operating costs.
- Capacity Building: Receive training and support to optimize your business operations for maximum efficiency.
- Favourable Financing: Secure up to ₦50 million per obligor at a competitive interest rate of 8% per annum, with a maximum tenor of 4 years.
Eligibility Criteria:
- MSMEs interested in implementing industrial energy efficiency and/or resource-efficient cleaner production.
- MSMEs seeking to adopt renewable energy and energy-efficient solutions.
- MSMEs with existing investments in energy-efficient and cleaner production equipment.
- MSMEs currently using fossil fuel generators and are interested in transitioning to renewable energy and energy-efficient solutions.
- Must be a registered business with suitable business premises.
- Must be located within the industrial zones of Lagos, Ogun, Warri, Asaba, Onitsha, Aba, Port Harcourt, Calabar, Kano, or Kaduna.
- Must operate within the Textiles and Garment, Steel and Metals, Wood and Furniture, Food and Beverage, or Petrochemicals sectors.
Don’t miss out on this chance to transform your business!
Invest in a greener future while boosting your bottom line. Take advantage of BOI’s funding program and unlock the full potential of your manufacturing business.
Contact BOI today for more information and application details.
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Source: MAN