Did you miss out on the available support funds for 2021 and wish to benefit in the year 2022? If ‘yes’ then this post “Support Fund Schemes To Boost Your Business In 2022” is a must read.
This post actually entails five (5) government support scheme that can be of help to you as an individual or as a business entity.
Millions of persons benefited from these schemes, but it will surprise you that thousands didn’t know of their existence.
Hopefully, those who aren’t aware can eventually step into 2022 as a beneficiary of these schemes.
Five (5) Support Fund Schemes To Boost Your Business In 2022
Currently, the five (5) accessible Support Fund Schemes To Boost Your Business In 2022 are;
1. NMFB Non-interest Loan
The Nirsal Microfinance Bank (NMFB) is one that assists those who are into businesses to meet up with their expectations.
Through its Targeted Credit Facility (TCF) businesses affected by Covid19 pandemic has been supported with business equipment.
You can apply here.
2. 100 For 100 PPP
This initiative is being introduced by the Central Bank of Nigeria (CBN) to support enterprises.
It is meant to bring flow of funds and investment to businesses/enterprises.
Achievable traits includes; improved productivity, sustainable economic growth, structural transformation, and also promotion of diversification.
Private firms with aim of reducing their importations, and improving of FX-generating capacity of the country’s economy are being supported.
You can commence with the application process by clicking here.
3. TIES Scheme
The ancronym TIES stands for Tertiary Institutions Entrepreneurship Scheme, which is a new loan scheme introduced by CBN.
It is actually meant for both Nigeria graduates and undergraduates as a strategy in tackling unemployment in the country.
Interested persons should follow this link to apply.
4. Anchor Borrowers’ Program (ABP)
The Anchor Borrowers’ Program (ABP) was established by CBN just as enshrined in the 2007 CBN Act.
It is designed to bring in contact small holder farmers and companies (anchors) who posseses good reputation together.
Especially those who are into production and processing of agricultural commodities.
Loan will be provided either in kind or cash to small holder in the quest to reduce importation of food, create job opportunities and also boost agricultural production.
More information regarding this scheme can be gotten from the CBN official webpage via https://cbn.gov.ng/
5. National Youth Investment Fund (NYIF)
The NYIF initiative was introduced by the Federal Ministry of Youths and Sports Development (FMYSD).
The scheme is being funded by the Central Bank of Nigeria (CBN) with the major motive to invest in ideas put forward by the youths.
Definitely, the initiative will build sustainable businesses, as well as increasing job opportunities.
To be part of this scheme as an applicant, you can click here.