The Federal Government’s Survival Fund is truly the first fairest funding and grants ever in the history of Nigeria. After meeting all other requirements of the survival fund payroll, employers (CEO) and employees will have to answer some questions before their accounts are credited by the Central Bank. We’ll share with you some of the … Read more
Another funding is here for farmers. If you haven’t heard about it, it’s called Smallholder Economic Interest Farmers Agricultural Cooperative or SEIFAC loan This is where it becomes very interesting… Usually, farmers prepare for raining season ahead of a plantation. Some of the activities farmers do before the raining reason include: That’s why SEIFAC launched … Read more
Do you know that there are several SMEs loans funded by the Central Bank of Nigeria (CBN) you can apply for to boost your business? We’ve got the full list here for you to pick the most suitable for your business and delve into how you can access them in our subsequent guidelines. One of … Read more
You’ve heard about CBN’s CIFI loan and wondering how to access it? We’ve compiled here the Nigerians banks where you can easily submit your application to access the loan. Purpose of the loan It is an on-lending scheme designed by Nigeria’s apex bank in collaboration with the Bankers’ Committee. It’s designed to boost job creation … Read more
Apart from the N50 million research activities, you can as well get another N500 million grant for the development and manufacturing of drugs under the Healthcare Sector Research and Development Intervention Scheme (HSRDIS). Yes, you read that right. And in this article, we’ll tell you all you need to benefit from the HSRDIS funded by the … Read more
The Federal Executive Council on July 22, 2020, approved the sum of N75, 000,000,000.00 (N75Billion) for the establishment of the Nigeria Youth Investment Fund. NYIF Loan Interest Rate: 5% The NYIF is for the period of 2020 – 2023 dedicated to investing in the innovative ideas, skills and talents of Nigerian Youth. It is also aimed … Read more
For small scale entrepreneur to access any of the loans supported by the Central Bank (CBN), he must have undergone specific training at Entrepreneurship Development Centres or EDC which are certified by the apex bank. Also known as Entrepreneurship Development Institute (EDI), the centres are saddled with the mandate of developing entrepreneurship spirit among Nigerians. … Read more
Unbelievably, you need just N10,000 to become a SANEF agent provided you meet other eligibility requirements. For exited N-Power beneficiaries, the Central Bank of Nigeria WILL provide the takeoff capital for you. Gbam!…You become CBN-Certified Mobile Money Agent in your community. The difference between a super agent and an agent, we’ll tell you more in this … Read more
A lot of small business owners get confused when the Central Bank of Nigeria says it is supporting businesses with a loan. One of such is Agric Business, Small Medium Enterprise Investment Scheme. Some of them are quick to ask: How can I access a CBN loan? Will I have to visit the CBN branch … Read more
Do you know that there are loans that are specifically designed for women in Nigeria to build, expand, and grow their businesses? In this post, we’ll share with you funding opportunities for female business owners in Nigeria. If you want to stabilise the home, empower a woman, boost her business, support her financially in her entrepreneurial … Read more