List of Federal Government Interest-free Loans in 2024

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Welcome to the Federal Government interest-free loan guide! This is loan is provided by the government of Nigeria, and you can borrow money without having to pay any extra money (interest) on top of what you borrowed.

This loan scheme is more like getting financial help from the government, and you only pay back the exact amount you borrowed without any additional charges. Before you continue with this article, ensure you read CBN loans and how to apply.

Please, keep in mind that some loans below are interest-free while some are of very low-interest rate. They can also be classified as small business loans and personal loans. The category of people that are eligible to benefit from these loans are: Youths, Farmers, Business owners, Households.

List of Federal Government Loans

Below is the list of the loans and link to guide you more:




1. Presidential Conditional Loan and Grant

This initiative is a component of the Presidential Palliative Program aimed at catalyzing financial growth for small businesses nationwide, including Nano businesses. You can access both Grant and Loan. If you are interested, go to how to apply for presidential conditional loan and grant for details.

2. 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. If you are interested in this loan, you can check out this post: A Guide To Apply for CBN NIRSAL Covid-19 Loan.

3. NYSC CBN Loan

This loan has been in existing for a while. It’s a loan initiative for NYSC members and Ex-members to enable them to start up a business so they won’t depend on white-collar job after their service year. For more details and application guide for this business loan, you can check how to apply for NYSC business loan.

4. Nexit Loan

This business loan is for exited N-power beneficiaries. Through this scheme, the Central Bank of Nigeria (CBN) disburse funds to exited volunteers of the Npower program who applied via the Nexit portal.

5. 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. For more details and application guide, check this post AGSMEIS Loan Application Portal.

6. 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. For details, check this post: how to access NHF loan from federal mortgage bank.

7. 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. Read more by checking this post: how to apply for FG TraderMoni loan in Nigeria.

8. 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.. Read more at how to apply for FarmerMoni loan in Nigeria.

9. 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 read this post: how to apply for MarketMoni loan in Nigeria.

10. NYIF Loan

The Nigeria Youth Investment Fund (NYIF) is a loan initiative from the federal government to finance the business ideas of our youths on order to reduce the rate of unemployment in the country. To know more about this business loan, check: NYIF Loan Application Portal Is Live Again.

227 thoughts on “List of Federal Government Interest-free Loans in 2024”

  1. Collins Goddey

    Please I need the money for my education.my account details is as follows:palmpay a/c no;7042076364

  2. Borose Ebiakpome Angela

    Please I need this loan to start up my business. Access bank 1487496922 Borose Ebiakpome Angela

  5. Agboola marufu adebayo

    I need the money to boost my business, my ACC. No 2781157464 Eco bank my number is 08033730526.

  10. Maaji HABU BASHIR

    Thanks for accepting my request and others to proceed myself I would like to enjoy my job.

  13. Waziri idris

    I want to start business and little money i get i buy little and hi never a hanoof for me if will be possible that is my account number 2366623561 zenith bank phone number 07031030885

  16. SEGUN ADEKUNLE

    I NEEDS A LOAN TO BOOST MY HORTICULTURAL WORK MANAGEMENT.I VERY WILL BE VERY GRATEFUL,IF MY REQUEST IS FAVORABLE ACCEPTED.THIS IS MY ACCT NO 0250556265 WEMA BANK AND THIS MY PHONE NO 08061520562

  19. Oyelayo Titiloye Akintunde

    I oyelayo Titiloye Abosede need your loan to boost my business and to let my business improve. I will be very happy if my application is granted

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