List of Federal Government Loans 2020 (See how to apply)

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.

List of Federal Government Loans

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

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

SEE ALSO:  List of Banks Offering Best Payday Loan In Nigeria


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

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 or click here.

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.

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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

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 .

SEE ALSO:  How to Apply for NYSC Foundation Loans (2020)
Updated: September 10, 2020 — 8:55 am

The Author


Humphery is a seasoned internet entrepreneur and a life coach. He has been the Nyscinfo ambassador since 2017. He is knowledgeable enough to guide you. Keep following this website for updates, we love you!


Add a Comment
  1. Muhammad Abdullahi

    I need this loan to expanded my business.

  2. Please I need loan to start a business.

  3. Adepoju Peter olusayo

    Please I have submitted my request for loan by registered with smedan

  4. How can I apply the loan , and what the requirements?

  5. Please I need loan to start a business

  6. Godwin henry Akachukwu Kabira

    My name is henry pls sir I need the loan for business like 5 million naria only Masha Allah

  7. how can I apply for the interest-free loan?

  8. Pls help me sir i am totally broke from my business due to this lockdown

  9. Please help me because i what to business

    1. Mustapha Garba Gezawa

      Pls,can a final year student of university apply for a business loan?

  10. Am very interested the laon because I want extend my business

  11. Please sir help me with the covid-19 load help me

  12. How can I apply for the loans

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