The National Support Fund for SMEs/SMIs (FONAP) is a brand new public mechanism for the promotion and development of SMEs and SMIs in Niger. Under the supervision of the Ministry of Finance, FONAP’s mission is to reduce the constraints of access to financial services and markets for SMEs/SMIs.

On 13 February 2023, at the launch ceremony, BANK OF AFRICA – NIGER signed an agreement that positions the Bank as a partner and operator of FONAP.

In Niger, SMEs/ SMIs make up more than 80% of the economy and contribute more than 53% to GDP.