Bank of Industry Partnership
Bridging Nigeria's SMEs to the finance and advisory support they need to grow
Explore this feature (4 items): What a BDSP Does · Our Role as a BDSP · Client Work: BOI SME Officers Training · Get Started
The Bank of Industry (BOI), Nigeria's primary development finance institution, has appointed a national network of over 400 SME Consultants as Business Development Service Providers (BDSPs), categorised as National, Regional or State providers according to their coverage area. BDSPs help close the gap between Nigerian MSMEs and the finance they need, assisting with bankable business plans and providing post-finance mentorship, hand-holding and financial advisory.
Accreditation follows a rigorous national framework, established by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) in 2018, which sets the standard benchmark for business development service interventions across the country.
Concinnity is an accredited Bank of Industry (BOI) Business Development Service Provider, one of the credentials underpinning its Enterprise Growth Capability and its work in Access to Finance & Investment Readiness.
What a BDSP Does
Bankable Business Plans: helping SMEs develop and package the business plans and supporting documentation BOI requires for financing.
Loan Application Support: guiding SMEs through submitting loan applications to BOI, in line with the Bank's risk acceptance criteria.
Post-Finance Mentorship: ongoing hand-holding and mentorship once financing is secured, to support sustainable business growth.
Financial Advisory: practical financial advisory support tailored to each SME's stage of growth and sector.
