Federal Government Loans – Do you need a loan to start a small business or have you been searching for a loan opportunity in Nigeria? Kindly note that some loans are interest-free while some are of very low interest rate. The application process of all the government loans listed here is free.
List of Federal Government Loans 2023
Below is the list of federal government and Central Bank of Nigeria (CBN) loan;
1. Central Bank of Nigeria (CBN) NIRSAL COVID-19 Loan
This is a government loan opportunity through CBN aimed at helping business owners and households in Nigeria to recover from the economic challenges caused by COVID-19 pandemic. Apply for this loan at https://nmfb.com.ng/covid-19-support
2. NYSC CBN Loan
This loan has been in existing for a while. It’s a loan initiative for ex-corps members and corps members to enable them to start up a business so they won’t depend on white-collar job after their service year. Apply at https://www.yiedp-hbng.com
3. CBN AGSMEIS loan
The Agric, Small and Medium Enterprise Scheme is an initiative of the Central Bank of Nigeria to help agricultural related businesses in Nigeria. To apply for this loan, see here.
4. Npower GEEP loan
This loan was created for the outgoing N-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/.
5. TraderMoni Loan
This free interest loan from the Federal government through the Government Enterprise and Empowerment Programme (GEEP), was created specifically for Nigerian petty traders and artisans. CIick here to apply.
6. Bank of Industry Loan
Customers are required to open an account with the Bank of Industry before application can commence. CLICK HERE