Are you a businessperson or woman, looking for a loan option in Nigeria? Do you want to know more about Federal Government loan initiatives for youths, farmers as well as households, businessmen/women or households? If yes, then you’re on the correct page. In this article we’ll show you the entire listing of Federal government loan that are available in 2022 and the way you could apply for each of the loans.
It is important to note that certain loan are interest-free, while others are at a low interest rates. The process for applying for all federal loans that are listed here is completely free.
Table of Contents
1. Central Bank of Nigeria (CBN) NIRSAL COVID-19 Loan
This is a CBN-sponsored government loan opportunity with CBN designed to assist householders and business owners in Nigeria to overcome the economic hardships triggered by the COVID-19 virus. Apply for this loan at https://nmfb.com.ng/covid-19-support
2. NYSC CBN Loan
This loan has been existence for some time. It’s a loan scheme to former members of the corps and ex-corps members to help them begin a new business, so they don’t have to depend on a white-collar jobs after their service year. Apply at https://www.yiedp-hbng.com
3. Nexit Loan
The loan is a Federal government loan available to the N-power beneficiaries who have left the program. Through this program they Central Bank of Nigeria (CBN) distributes funds to the exiting participants of that program. Npower program who have applied through their website Nexit.
4. CBN AGSMEIS loan
The Agric, Small and Medium Enterprise Scheme is an initiative of the Central Bank of Nigeria to aid businesses that are related to agriculture in Nigeria. For more information on how to apply, see here.
5. Npower GEEP loan
The loan was formulated to help those who have left N-power batch B and A recipients to set up business to ensure that they don’t return to the streets. Apply online at npower.gov.ngor or go here.
6. NHF Loan to Federal Mortgage Bank of Nigeria
It is the National Housing Fund (NHF) loan is a federal government program to help provide affordable housing to Nigerians. Go here to find out more details about what you can do to get this loan.
7. TraderMoni Loan
This loan with no interest from the Federal government, through GEEP, also known as the Government Enterprise and Empowerment Programme (GEEP) was designed specifically for Nigerian artisans and petty traders. Click this link for more information on how to get.
8. FarmerMoni loan
The Federal government in an effortto aid and assist poor farmers has established this loan. This loan program is part of the Government Enterprise and Empowerment Programme (GEEP). You can apply on the Bank of Industry website at https://www.boi.ng/
9. MarketMoni credit
MarketMoni can be described as an element of GEEP. This is an federal loan initiative that was created to provide the financial assistance needed by businessmen and women. The loan is like TraderMoni loan. You can apply for this loan at https://www.boi.ng/apply .
10. NYIF Loan
The Nigeria Youth Investment Fund (NYIF) is a loan program by the federal government to help finance business ideas of our youths in basis of reducing the rate of unemployment in the nation. For more information on how to apply to apply for NYIF Loan, CIick Here.