2024 Rural Area Programme on Investment for Development (RAPID)

Rural Area Programme On Investment for Development (RAPID). The objective of the programme is to assist communities in rural and economically disadvantaged areas to tap into available resources for the development of enterprises that can provide employment, improve standard of living, contribute to national growth and tame insecurity arising from youth restiveness. The Bank hopes to achieve the foregoing through the RAPID initiative by providing financial support to nano, micro and small-scale businesses in the rural locations. In addition to financial support, beneficiaries would also have access to business advisory services and training programmes to ensure business viability, growth, and sustainability.

• Table of Content
• About Rural Area Programme on Investment for Development (RAPID)
• Rural Area Programme on Investment for Development
• Aim and Benefits of Rural Area Programme on Investment for Development
• Requirements for Rural Area Programme on Investment for Development Qualification
• Interview date, Process and Venue for Rural Area Programme on Investment for Development
• Application Deadline
• How to Apply

About Rural Area Programme on Investment for Development (RAPID)

The objective of the programme is to provide financial support to enterprises located in rural and economically disadvantaged areas of our economy. This will ensure that resources flow to these communities from entrepreneurial activities that will provide employment, improve standard of living, contribute to gross domestic product (GDP), promote capacity and skill development, tame insecurity arising from youth restiveness and unemployment. The Bank hopes to achieve the foregoing through the Rural Area Programme on Investment for Development (RAPID) initiative. RAPID will provide financial sup... continue reading

Rural Area Programme on Investment for Development

Aim and Benefits of Rural Area Programme on Investment for Development

The Bank hopes to achieve the foregoing through the RAPID initiative by providing financial support to nano, micro and small-scale businesses in the rural locations. In addition to financial support, beneficiaries would also have access to business advisory services and training programmes to ensure business viability, growth, and sustainability.

Requirements for Rural Area Programme on Investment for Development Qualification

• Completed Application Form
• Business Plan
• Acceptable Means of Identification
• BVN and NIN
• Proof of Residential Address
• Completed Guarantor Forms
• Other Terms and Conditions Apply

Interview date, Process and Venue for Rural Area Programme on Investment for Development

Target Market

• Micro and Small Businesses
• Community Groups in Rural Areas

Features

• Tenor: maximum of 3 years
• Interest Rate: 5% per annum

Check also:
Commonwealth Master's Scholarship to Study in UK 2027/2028
Mandela Washington Fellowship for Africans 2027 (Fully Funded to USA)

Application Deadline

How to Apply

For more details, visit RAPID website.