The Nigeria LNG Limited you (NLNG) has launched an expanded Micro, Small, and Medium Enterprises (MSME) Scheme to support local businesses and vendors across its host communities and gas transmission system areas. This initiative, developed in partnership with the Bank of Industry (BOI), is designed to combat poverty, promote economic growth, and strengthen sustainability by providing accessible loans at competitive interest rates.
At the official launch event held in Port Harcourt, the NLNG General Manager for External Relations and Sustainable Development highlighted the scheme’s intent to cushion the impact of high interest rates by offering loans at a significantly reduced nine per cent rate. She noted that the programme marks a strategic evolution from past interventions, focusing not just on financing but on long-term transformation and empowerment for grassroots entrepreneurs.
NLNG described the scheme as a reaffirmation of its commitment to financial independence and sustainability within local economies. The company stated that its renewed corporate vision in 2024—centred on becoming a globally competitive energy firm that enhances lives sustainably—is now actively reflected through initiatives like this.
Speaking on behalf of the Bank of Industry, the Executive Director for MSMEs underscored the alignment of the partnership with BOI’s 2025–2027 corporate strategy. This strategy revolves around six thematic pillars: Youth & Skills, Gender, Digital, MSMEs, Climate Finance, and Infrastructure. These focus areas are targeted at promoting inclusive, equitable, and sustainable development.
To enhance accountability and efficiency, BOI has introduced a digital loan management platform—the BOI Fund Partner Solution—which allows real-time tracking of loan performance by fund partners. The bank emphasized its ongoing efforts to secure affordable, long-term funding for MSMEs through domestic and international sources, reinforcing its role as Nigeria’s leading development finance institution.
With this collaboration, NLNG and BOI aim to stimulate lasting economic development by equipping local businesses with the financial tools and support systems needed for sustainable growth.
