United Bank for Africa (UBA) Plc has secured a N5 billion loan facility from the Bank of Industry (BoI) to support micro, small, and medium enterprises, with priority for women-owned businesses.
Group CEO, Oliver Alawuba, said the loan, offered at nine per cent interest with a three-year tenor, will strengthen sectors such as green energy, healthcare, education, and women entrepreneurship.
“The message to business owners is simple: don’t miss this once-in-a-lifetime opportunity,” Alawuba said, noting that each borrower can access up to N5 million with a three-month moratorium on principal repayment.
UBA executives said the initiative aligns with Nigeria’s financial inclusion goals, encouraging digital adoption and sustainable growth.
Group head, Retail and Digital Banking, Shamsideen Fashola, added, “This facility is structured to ensure that businesses in these sectors expand operations and contribute meaningfully to the economy.”
UBA operates in 20 African countries and four international markets, serving over 45 million customers globally.
