FG Begins Nation Wide Loan

Looking for the latest loans and grants with low or zero interest rates. The Federal Government and other national and international organizations offer ongoing loans to benefit you.

Getting a loan in Nigeria with little to zero interest rate is very simple. As you read, we will outline some factors and how you can even get a free loan in Nigeria.

Small and Medium Enterprises can access non-interest loans, ranging from N1.2 million to N5 million.

1)SMEDAN Loan: Amount: $1.5 loan

Have you applied for the ongoing FG ₦1.5m SMEDAN loans and grants with low or zero interest rates? as you read, we are going to show you how you too can access the 2022/2023 ₦1.5m SMEDAN Grants offered by Federal Government.

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and Jaiz Bank Plc financing initiative aimed at boosting the capacity of micro and small enterprises (MSEs) across the country has commenced.

Eligibility Criteria:

• Applicants under the scheme will be graduates of Nigeria Polytechnics and Universities:
• BSc/HND/ or it is equivalent);
• National Youth Service Certificate (NYSC) discharge or exemption certificate;
• Not more than 10 years post-NYSC

Application Requirements:

• A registered business name
• Your Business Registration Number ( RC or BN)
• State in which the business operates
• Type of Business
• Age of Business(Number of years of operation)
• Phone Number and your government name

How to Apply

Interested persons can >>Click Here to Submit Your Application<<

2.)N25m Loans for Graduate Entrepreneurs: Amount: ₦25m

The Central Bank of Nigeria (CBN) has issued guidelines for the implementation of its Tertiary Institutions Entrepreneurship Scheme (TIES) to harness the potential of graduate entrepreneurs.

The apex bank made this known on Wednesday in a document released and signed by Yusuf Yila Philip, CBN’s director, development finance.

The CBN said the objective of the TIES is to enhance access to finance by undergraduates and graduates of polytechnics and universities in Nigeria with innovative entrepreneurial and technological ideas.

The scheme is targeted at financing 25,000 gradpreneurs annually, which will, in turn, create an additional 75,000 sustainable jobs annually, according to the bank.

The CBN said that start-ups and existing businesses in areas such as agribusiness, information technology, creative industry, as well as science and technology are eligible for financing under the scheme.

It further noted that priority would be given to innovative entrepreneurial activities with high potentials for export, job creation and transformational impact.

The apex bank explained that the scheme will be implemented through three components namely term loan, equity investment and developmental components.

Under the term loan component, an individual project can access a maximum loan of N5 million with a five-year tenor and interest rate of five percent per annum (nine percent effective from March 1, 2022, or as may be prescribed by the CBN)

APPLY HERE

3 ) FG Loan: N150k – 2millon (For Nigerian): Amount: ₦150,000 and above

Nigerian entrepreneurs or business owners can apply for a number of federal government loan programs to help their brand grow in 2024. Some of these Federal government Loans can help you get business funding from ₦150,000 and above.

Through intervention loan programs, the Tinubu-led government is working hard to revive the economy following the devastating effects of the Covid-19 epidemic on the incomes of small and medium-sized businesses in the country previous years.

These financial programs are initiated by the federal government and have already helped thousands of people, aimed at youth and SMEs.

These loan programs are also available in 2024. Let’s take a look at some of the best federal government loan programs you can apply for in 2024.

The Third Institute Entrepreneurship Program (TIES Loan Program) is for Nigerian graduates and undergraduates who have entered a Nigerian university or polytechnic.

CBN N500 million the undergraduate and graduate loan was developed as part of TIES in collaboration with Nigerian universities and polytechnics to exploit the entrepreneurial potential of Nigerian graduates.

Graduates with less than seven years of experience can apply for a loan of up to $ 25 million under the loan program.

The Agribusiness / Small and Medium Enterprise Investment Scheme (AGSMEIS) is a program that supports the federal government’s efforts and policy initiatives to promote agribusiness and small and medium-sized enterprises (SMEs) as a means of long-term growth and job creation.

Applicants without a deposit until 2024. can borrow up to 10 million Naira with an annual interest rate of 5% and an annual interest rate of 9% for a maximum of 5 years for the remaining years. The morgue usually lasts 12 months.

AGSMEIS loan is now available to entrepreneurs in a variety of areas, including agriculture, creative industries, hospitality, and so on.

If you are a current or former member of the National Youth Service Corps (NYSC) and have a business or business idea that needs a federal government loan to strengthen or start it, you now have the opportunity to apply to the NYSC. Business loan

The NYSC business loan was launched by CBN through Heritage Bank, in conjunction with the Youth Innovative Entrepreneurship Development Program (YIEDP), to help graduates start a business, start working independently and create jobs for others.

The federal government has updated the application process for the Nigerian Youth Investment Fund for eligible young people who want to take advantage of the program to improve their lives.

NYIF is a $ 75 billion loan program developed by the Nigerian government to invest in the innovative skills of young people and businesses in the country.

The loan bears a single interest rate of 5% per annum. Authorized by the Federal Executive Council

Nigeria Youth Investment Fund.

National Housing Fund (NHF) Loan

The Federal Mortage Bank Of Nigeria (FMBN) has a number of lending and credit facilities available to Nigerians, particularly low- and middle-income earners. The NHF is one of its most important credit institutions, allowing low-income earners who are unable to purchase a home to own their own home.

NPower Government Enterprise and Empowerment Programme (GEEP) Loan
The Government Enterprise and Empowerment Programme (GEEP) is an effort by Nigeria’s Federal Government, through the Bank of Industry (BOI), to break a multi-decade economic challenge. It is a Nigerian government program to give financial inclusion and microcredit access to Nigerians at the bottom of the economic pyramid.

APPLY HERE