Are you one of the many households or businesses negatively affected by the COVID-19 pandemic in Nigeria, and you need financial assistance to cope with the challenges and opportunities arising from the pandemic, you should consider applying for a loan from the CBN COVID-19 Targeted Credit Facility (TCF)? The CBN COVID-19 Targeted Credit Facility (TCF) is a loan program for households and businesses adversely impacted by the COVID-19 pandemic. Read on and increase your chances of being a beneficiary About CBN COVID-19 Targeted Credit Facility (TCF) The TCF is an initiative of the Central Bank of Nigeria (CBN) and the…
Author: Editor Staff
Presidential Conditional Loan and Grant Scheme initiative promises a unique blend of support for ambitious ventures to bolster economic growth. To boost innovation and entrepreneurship and ultimately strengthen the Nigerian economy, the federal government of Nigeria provides loans. Funds provided directly by the government or loans issued by commercial lenders with government backing, such as banks, are government loans. What is the Presidential Conditional Loan and Grant Scheme? The Presidential Conditional Loan and Grant Scheme is a scheme that offers loans and grants to businesses in Nigeria, especially those that have been affected by the COVID-19 pandemic. Former president Muhammadu…
Are you an agri-business owner or a small and medium enterprise (SME) owner in Nigeria? Do you need capital to start or improve your business? If yes, you should consider applying for a CBN Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS) loan. The CBN Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS) is a loan program for businesses and individuals in the agricultural and non-agricultural sectors of the economy. The program aims to support the growth and development of SMEs and create more employment opportunities in Nigeria. The AGSMEIS is a collaboration between the Central Bank of Nigeria (CBN) and the…
The CBN Creative Industry Financing Initiative (CIFI) is a loan program for businesses and individuals in the creative industry, such as fashion, music, film, and information technology. The program is designed to boost the development of the creative sector and create more jobs and wealth in Nigeria. The CIFI is a collaboration between the Central Bank of Nigeria (CBN) and the Bankers’ Committee, a body of representatives from the banking industry. The CIFI was launched in May 2021 by the then CBN Governor, Mr. Godwin Emefiele, to diversify the Nigerian economy and reduce the dependence on oil revenues. CIFI Loan…
This month brings promising news for Nigerian entrepreneurs and enterprises as the Nigerian Export-Import Bank (NEXIM) opens its doors to a new wave of opportunities through various available loans. NEXIM, with its mandate to facilitate the growth of the Nigerian economy through export and import financing, has become a pivotal player in empowering businesses to reach global markets. The Nigerian Export-Import Bank (NEXIM) is a government-owned bank that provides financial assistance to businesses in the export and import sectors of the Nigerian economy. The bank’s mission is to promote and support the development of non-oil exports and enhance the competitiveness…
Are you an aspiring entrepreneur? Does your business require funding to launch, grow, or improve? If so, the Bank of Industry (BOI) loan application is something you should think about submitting. The Bank of Industry (BOI) is a government-owned bank that provides financial assistance to businesses in various sectors of the Nigerian economy. The bank’s vision is to transform Nigeria into an industrialized nation by supporting the growth and development of enterprises, especially small and medium enterprises (SMEs). The BOI offers a range of loan products and services to suit the needs and preferences of different types of businesses. In…
Are you looking for a way to finance your business, project, or personal needs in Nigeria? Do you know that there are government loans that you can apply for this month? If you are interested, this post is for you. There are 10 government loans available this month in Nigeria, and these loans are offered by different federal government agencies and the Central Bank of Nigeria (CBN) to support various sectors of the economy and empower Nigerians. 10 Government Loans Available This Month In Nigeria 1. Bank of Industry (BOI) Loans The Bank of Industry (BOI) is a government-sponsored bank…