Here is a compilation of the current federal government and Central Bank of Nigeria (CBN) loan opportunities availableC in 2023:
- Central Bank of Nigeria (CBN) NIRSAL COVID-19 Loan
This loan opportunity aims to support business owners and households in Nigeria to recover from the economic challenges caused by the COVID-19 pandemic. Interested individuals can apply for this loan at https://nmfb.com.ng/covid-19-support.
- NYSC CBN Loan
This loan initiative has been in existence for a while, and it is aimed at assisting ex-corps members and corps members to start up a business so they won’t depend solely on white-collar jobs after their service year. To apply for this loan, visit https://www.yiedp-hbng.com.
- Nexit Loan
The Federal Government offers this loan opportunity to exited volunteers of the Npower program who applied through the Nexit portal. The Central Bank of Nigeria (CBN) disburses funds to the beneficiaries of this scheme.
- CBN AGSMEIS Loan
The Agric, Small, and Medium Enterprise Scheme is an initiative of the Central Bank of Nigeria to provide support for agricultural-related businesses in Nigeria. Interested individuals can apply for this loan at https://agsmeisapp.nmfb.com.ng/.
- Npower GEEP Loan
This loan initiative was created to support outgoing N-power batch A and B beneficiaries to start up a business so they won’t go back to the street. Interested individuals can apply for this loan at npower.gov.ng/ or by clicking here.
- NHF Loan from Federal Mortgage Bank of Nigeria
The National Housing Fund (NHF) loan is a federal government initiative aimed at facilitating the provision of affordable housing for Nigerians. To learn more about how to apply for this loan, visit https://fmbn.gov.ng/nhf-loan/.
- TraderMoni Loan
The Government Enterprise and Empowerment Programme (GEEP) offers a interest-free loan to Nigerian petty traders and artisans. This loan is provided by the Federal government and can be applied for by clicking here.
- FarmerMoni Loan
The Federal government supports and encourages petty farmers by providing a loan initiative under the Government Enterprise and Empowerment Programme (GEEP). To apply, visit the Bank of Industry website at https://www.boi.ng/.
- MarketMoni Loan
MarketMoni is a part of GEEP, created by the federal government to provide financial assistance to businesspeople. This loan is similar to the TraderMoni loan and can be applied for at https://www.boi.ng/apply.
- NYIF Loan
The Nigeria Youth Investment Fund (NYIF) is a federal government loan initiative designed to finance the business ideas of Nigerian youth and reduce unemployment rates. To apply for the NYIF loan, click here.