The Federal Government under the leadership and administration of His Excellency, Mahummadu Bahari President and Commander-in-Chief of the Armed Forces, Federal Republic of Nigeria has rolled out many business loan schemes for Nigerians to benefit from, see more below.
In this publication, I will list out all the loam schemes initiated by the Federal Government and I will also show you the links on how to apply and benefit from it.
This business loan schemes is targeted towards achieving the Economic Sustainability Plan (ESP) by the Federal Government to build Small and Medium Enterprises (SMEs) in the country to achieve greater goals towards the nation building.
Currently, there are free interest loan schemes ongoing, see how to apply and all the application requirements listed below, never can tell opportunity might be yours, so don’t miss it.
Due to the COVID-19 Pandemic and lockdowns which has affected most Nigerians, the Federal Government has brought out assistance and aid to assist businesses that were affected by Lockdown and COVID19 Pandemic through these Loan schemes and grants.
Our problem with Nigerians is that some don’t value what they have; they feel they will be scammed. What will be my gain if I scam you, instead of giving you vital information? Please don’t miss out on any of the Loan Application opportunities by Federal Government.
Grants/Business Loan Applications in Nigeria
The main objective of this article is to create awareness for those who are not aware of any Grants or Loan Application ongoing in the country. Am going to list all of them below:
2021 FG Survival Fund Application
New registration for Survival Fund Loan has commenced in this 2021, Federal Government has reopened Portal for Survival Fund 2021 Registration. The payroll Support Track of the MSME Survival Fund Scheme which was flagged off on the 21st of September 2020 is aimed at supporting vulnerable MSMEs in the payroll obligations of over 500,000 employees for a period of 3 Months.
Bank of Industry (BOI) and Central Bank of Nigeria (CBN) Intervention Fund/Loan Application
2021/2022 Bank of Industry/CBN Intervention Funds/Loan has commenced. Apply for N235 Billion CBN Intervention Fund for Manufacturing Re-Financing and Restructuring Facilities of Banks’ Loans.
COVID-19 Loan for N-Power NEXIT Beneficiaries
Exited N-Power Scheme Beneficiaries will be given N-Power NEXIT Loan by CBN for Empowerment Entrepreneurship Options.
SEIFAC/CBN Anchor Borrowers Programme
FG SEIFAC/CBN Anchor Borrowers Programme has commenced its data collection for the 2021/2022 Wet Cropping Season for all Smallholder Farmers and Cooperatives across the Nation to farm in Agricultural Production Clusters (Agro-PCs) a cluster farming model which is aimed at addressing the challenges often faced by Smallholder Farmers for farming individually at small scale.
BoA/SMEDAN Loan Matching Fund Programme
Bank of Agriculture (BOA) and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) Loan Matching Fund Programme is ongoing. Businesses may apply for BoA/SMEDAN loans within the range of N1.2 million to N5 million on business-friendly terms. Latter includes a waiver of collateral.
NYIF Loan Online Application
Nigerian Youth Investment Fund (NYIF) Loan Application Form is still opened for interested Nigerian Youths between 18 to 35 years old across 36 States in Nigeria. Shortlisted Applicants will attend online training at their states training center for Nigeria Youth Investment Fund NYIF Loan disbursement.
GEEP Loan Application
GEEP Loan is for TraderMoni, MarketMoni and FarmerMoni.
I urge you to try and benefit from one of these schemes to better our country and build it to greater heights.
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