Are you a businessman or woman looking for a federal government loan in Nigeria? Are you interested in new FG loan initiatives for farmers? Youth, entrepreneurs / women and families? If so, then you are on the right page. In this post we will show you the full list of federal government loans and how you can apply.
As an entrepreneur or business owner in Nigeria looking for federal government loan programs to boost your business this year 2022, this post is for you.
The Buhari-led government is working tirelessly to revive the economy after the negative impact of last year’s Kovid-19 epidemic on the income of small and medium enterprises in the country through intervention loan programs.
These loan programs focus on youth and general MSMEs initiated by the federal government and thousands of beneficiaries have already benefited.
Here we want to make it clear that some loans are interest free while some are very low interest rates. The application process for all government loans listed here is free.
All Federal Government Loans 2021
The following is a list of all federal government loans sponsored by Central Bank of Nigeria (CBN);
The loan is a government loan opportunity from CBN aimed at helping business owners and families overcome the economic challenges posed by the COYID-19 epidemic. Apply for this loan at https://nmfb.com.ng/covid-19-support
This loan has been in existence from some time. This is a loan initiative for former core members and members of the corps to enable them to start a business so that they do not have to rely on a white-collar job after their years of service. Apply at https://www.viedp-hbng.com
The Agric, Small and Medium Enterprise Scheme is an initiative of the Central Bank of Nigeria to assist agribusinesses in Nigeria. To apply for this loan, see here.
This loan was created for the outgoing X-power batch A and B beneficiaries to start up a business so they won’t go back to the street. Apply at npower.gov.ng/ or click here.
The National Housing Fund (NHF) loan is a federal government’s initiative to provide affordable housing for Nigerians. Click here for details on how to apply for a This Loan.
This is a life-saving loan provided by the federal government through the Government Enterprise and Empowerment Program (GEEP). This free interest loan was made especially for small traders and artisans in Nigeria. Click here to apply.
- FarmerMoni loan
The federal government created this loan to support and encourage smallholder farmers. The Teen Loan Initiative is run under the Government’s Enterprise and Empowerment Program (GEEP). You can apply through the Industrial Bank website at https://www.boi.ng/
- MarketMoni loan
MarketMoney is part of GEEP. It is a federal government debt initiative designed to offer financial assistance to business men and women. This loan is similar to a TraderMoni loan. You can apply for this loan at https://www.boi.ng/apply.
The Nigeria Youth Investment Fund (NYIF) is a loan initiative from the federal government to apply for a NYIF loan to finance the business ideas of our youth to reduce the unemployment rate in the country. Click Here