5 Gov Loans to get N150k and Above in Nigerian – Apply

5 Gov Loans to get N150k and Above in Nigerian – Apply – Nigerian entrepreneurs and business owners can apply for a variety of federal government loan programs in 2022 to help their brand grow.

Some of these federal government loans can assist you in obtaining business funding of $150,000 or more.

The Buhari administration is working hard to revive the economy through intervention loan programs, following the devastating effects of the Covid-19 epidemic on the incomes of small and medium-sized businesses in the country last year.

These financing programs are initiated by the federal government and have already helped thousands of people, aimed at youth and SMEs.

These loan programs are also available in 2022. Let’s take a look at some of the best federal government loan programs you can apply for in 2022.

Tertiary Institution Entrepreneurship Scheme (TIES) Loan Programme

The Third Institute Entrepreneurship Program (TIES Loan Program) is for Nigerian graduates and undergraduates who have entered a Nigerian university or polytechnic.

CBN N500 million the undergraduate and graduate loan was developed as part of TIES in collaboration with Nigerian universities and polytechnics to exploit the entrepreneurial potential of Nigerian graduates.

Graduates with less than seven years of experience can apply for a loan of up to $ 25 million under the loan program.

The Agribusiness / Small and Medium Enterprise Investment Scheme (AGSMEIS) is a program that supports the federal government’s efforts and policy initiatives to promote agribusiness and small and medium-sized enterprises (SMEs) as a means of long-term growth and job creation.

Applicants without a deposit until 2022. can borrow up to 10 mln. N, with an annual interest rate of 5% and an annual interest rate of 9% for a maximum of 5 years for the remaining years. The morgue usually lasts 12 months.

AGSMEIS loan is now available to entrepreneurs in a variety of areas, including agriculture, creative industries, hospitality, and so on.

NYSC business loan was launched by CBN

If you are a current or former member of the National Youth Service Corps (NYSC) and have a business or business idea that needs a federal government loan to strengthen or start it, you now have the opportunity to apply to the NYSC. Business loan

The NYSC business loan was launched by CBN through Heritage Bank, in conjunction with the Youth Innovative Entrepreneurship Development Program (YIEDP), to help graduates start a business, start working independently and create jobs for others.

Nigerian Youth Investment Fund

The federal government has updated the application process for the Nigerian Youth Investment Fund for eligible young people who want to take advantage of the program to improve their lives.

NYIF is a $ 75 billion loan program developed by the Nigerian government to invest in the innovative skills of young people and businesses in the country.

The loan bears a single interest rate of 5% per annum and a grace period of 12 months before repayment. 2020 July. Authorized by the Federal Executive Council

National Housing Fund (NHF) Loan

The Federal Mortage Bank Of Nigeria (FMBN) has a number of lending and credit facilities available to Nigerians, particularly low- and middle-income earners. The NHF is one of its most important credit institutions, allowing low-income earners who are unable to purchase a home to own their own home.

NPower Government Enterprise and Empowerment Programme (GEEP) Loan

The Government Enterprise and Empowerment Programme (GEEP) is an effort by Nigeria’s Federal Government, through the Bank of Industry (BOI), to break a multi-decade economic challenge. It is a Nigerian government program to give financial inclusion and microcredit access to Nigerians at the bottom of the economic pyramid.

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