Are you a businessman or women, searching for a loan opportunity in Nigeria? Are you interested in the Federal Government loan initiatives for farmers, businessmen/women and households? If yes, you are on the right page. Here we will show you the full list of federal government loans for this 2020, and how you can apply for each of them.
Before that kindly note that some loans are interest free while some are of low interest rate. The application process of the government loans listed here is free.
List of Federal Government Loans 2020
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, click here.
4. Npower GEEP loan
5. NHF loan from Federal Mortgage Bank of Nigeria
The National Housing Fund (NHF) loan is a federal government initiative to facilitate the provision of affordable housing for Nigerians. Click here for details on how to apply for this loan.
6. 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.
7. FarmerMoni loan
The Federal government in a bid to support and encourage petty farmers created this loan. This loan initiative is under the Government Enterprise and Empowerment Programme (GEEP). You can apply via Bank of Industry website at https://www.boi.ng/
8. MarketMoni loan
MarketMoni is a part GEEP. It is a federal government loan initiative created to offer financial help to business men and women. This loan is very similar to TraderMoni loan. You can apply for this loan at https://www.boi.ng/apply .