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Latest Federal Government Empowerment Loans in 2021

This page will show you Latest Federal Government Empowerment Loans in 2021. So if you searching for a financial support for your business then you are in the right page to get informed and informed right.

Here, we shall be discussing about Latest Federal Government Empowerment Loans of 2021. We have also provided you with links to where you can access these loans. Simply make sure you read through this article to get started.

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Latest Federal Government Empowerment Loans in 2021

Here are the top federal government empowerment grants/loans so far in 2021:

Survival Fund

Survival fund loan is aimed to help businesses that suffered losses during the Covid-19 lockdown. Basically, most businesses globally were not allowed to operate, therefore, incurred great losses that some have not recovered from till date. On that note, the government made this Survival fund accessible to all companies for a duration of three months to help the business recover. Click here to see more details

BoI/CBN Intervention fund

This BoI/CBN Intervention fund would be distributed to a total of N235,000 to companies in the manufacturing, refinancing and restructuring sector. Basically, the loan is as a result of a collaboration between the bank of industry (BOI) and the Central Bank of Nigeria (CBN). Click here to see more details

N-Power NEXIT Loan

The government designed the NEXIT programme to act as a follow up for passing out Npower beneficiaries. More so, the aim is to help them embrace entrepreneurship by providing funds for them to open a business. However, unlike Npower, the NEXIT loan is not a grant but a loan. This means that all beneficiaries would have to pay back the sum and applicable interest to the government. Click here to see more details

SEIFAC/CBN Anchor Borrowers Program

This program focuses on farmers and their respective cooperatives across the country. It is an initiative that embraces wet cropping, encouraging farmers to farm in Agricultural production clusters known as Agro PCs. In addition, this is a cluster farming model that pools resources to ease the challenges faced by small scale farmers. Click here to see more details

Bank of Agriculture (BOA) and SMEDAN Loan matching fund programme

This is an ongoing program that offers medium-sized loans to businesses in need. Essentially, the BOA and SMEDAN loans range between N1.2 million and N5 million depending on certain conditions. The SMEDAN loan also does not require any collateral, as it includes a waiver of collateral letter. Click here to see more details

NYIF Loan

This loan is specially reserved for the youths in Nigeria. It is opened to interested citizens between the age of 18 and 35 across all states in Nigeria. Successful candidates would attend an online business training at different centres, before being given a loan to establish a business. Click here to see more details

GEEP Loan

This loan is an initiative that aims at boosting the Nigerian economy by empowering farmers, artisans, and traders financially. It basically covers three areas, which is the farmer Moni for farmers, trader Moni for traders, and Market Moni for other artisans in the country. Click here to see more details

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CBN AGSMEIS Loan

The Central Bank of Nigeria designed this loan to help all agricultural-related businesses in Nigeria. Farmers and agricultural-related entrepreneurs are encouraged to apply, after which they consider the application and select successful candidates. Click here to see more details

NHF Loan

The federal mortgage bank of Nigeria handles the NHF loan. It is a housing loan that aims at providing cheap and affordable housing for Nigerians all across the country. However, there are certain requirements to meet before qualifying for the loan. Click here to see more details

Note: Have in mind that this Latest Federal Government Empowerment Loans are not grants of which all beneficiaries will be expected to pay back when due with their required interest rate.

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