Inside FG’s $12B Loan/Grant Program for 2022: (No.3,5,9 Are Impressive)

CNB Loan, SMSEME Fund, Agri-Business/Small and Medium Enterprise Investment Scheme CBN’s AGSMEIS Loan, Conditional Cash Transfer, Npower, GEEP Loan, Homegrown School Feeding Programme

75B naira Nigerian Youth Investment Fund (NYIF), The Survival Fund, Loan from NIRSAL National Microfinance Bank (NNMFB) etc are some of the packages government boasting employment

These programmes would continue and beyond 2022

FG Conditional Cash Transfer CCT To Continue till 2022

The FG Conditional Cash Transfer programme has fully resumed in some states of the Federation, the Conditional Cash Transfer scheme is meant;

  • To give the poorest of the poor cash gift of N5000
  • To supported the poor and vulnerable to improve consumption and healthy leaving
  • Reducing poverty, preventing vulnerable households from falling further down the poverty line and
  • Building their resilience to withstand shocks

APPLY HERE/READ MORE

CBN Nirsal Covid-19 Loan: MSME/Household Loan

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The Federal Government through the CBN- Nirsal Microfinance Bank has re-opened the Covid-19 loan application portal, the programme will continue till 2023

The CBN-Nirsal Microfinance Bank re-opens portal for Covid-19 loan application. The financing limit for MSME’s is N2, 500,000 while Household is N1, 000,000.

APPLY HERE/READ MORE

N75B Nigerian Youth Investment Fund (NYIF)

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The NYIF is currently recruiting and has no date of closure, the programme is aimed at proving financial support ranging from 250k to 5M to youths

APPLY HERE/READ MORE

Loan from CBN/NIRSAL National Microfinance Bank (NNMFB)

The CBN/Nirsal National Microfinance Bank (NNMFB) is another FG and CBN finance loan programme, it is massively financing both household expenditures and businesses ravaged by the covid-19 PANDEMIC

APPLY HERE/READ MORE

See 2021 CBN Nirsal Covid-19 Loan | www.nmfb.com.ng | N1 to N2.5M

Agri-Business/Small and Medium Enterprise Investment Scheme CBN’s AGSMEIS Loan

APPLY HERE/READ MORE

The Federal Government FINTECH

This is aimed at providing an enabling environment for the growth of businesses that use technology to enhance or automate financial services and processes.

APPLY HERE/READ MORE

Digital Youth Nigeria & Federal Government FINTECH

It was initiated to implement skill acquisition programmes for poverty alleviation and employment generation.

According to lai “Mohammed  “over 100,000 youths across the country benefitted from Mobile Service Repair Training with financial and technical assistance of the Digital Youth Nigeria (DYN)

APPLY HERE/READ MORE

BOA-SMEDAN Fund

The portal for Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the Bank of Agriculture (BOA) loan application has officially opened for massive application

APPLY HERE/READ MORE

Graduate Internship Scheme

Over 500,000 youths have also benefited from the Graduate Internship Scheme which provides short-term employment graduates.

Till will continue next year

GEEP Loan: FARMERMONI, TRADERMONI & MARKETMONI

The Federal Government Enterprise Empowerment Programme (GEEP) has officially kick-started, formed to provide loans credit SMEs to small businesses operated by low-income earners

The GEEP Loan cut across three programmes: MarketMoni, TraderMoni and FarmerMoni.

In this article, we will see who is eligible to apply for this loan, the categories of the loan programme, how to apply for each of the programme under GEEP,

Eligibility:

Every trader, artisan & farmer in Nigeria is eligible for a GEEP loan.

GEEP loans are designed to provide credit to small businesses with a convenient repayment period of 6 months.

Geep loan application is not done online

MARKETMONI

MarketMoni was the first loan product launched by GEEP.

It is a 6-month interest-free loan, starting from N50,000 ($139) for small businesses under the auspices of their cooperative societies or market associations.

This loan product has helped small business owners scale their businesses while offering them a comfortable repayment period.

There is no registration form for marketmoni loan

TRADERMONI

TraderMoni is the entry-level loan product for GEEP.

It is a 6-month interest-free loan, starting from N10,000 ($28) aimed at petty traders and artisans.

This loan is targeted at the everyday market trader, who makes a living from what they sell on a daily basis and whose product inventory ranges from N2,000 – N5,000.

This loan immediately provides them with a structured way to increase their inventory, while repaying the loan.

 Most beneficiaries of this loan product are first-time receivers of a loan from a formal financial lender.

FARMERMONI

FarmerMoni is a loan product targeted at the smallholder farmers in the agriculture sector.

This product is a 6-9 months interest-free loan, starting from N250, 000 ($694) for farmers within farming clusters.

The loan is tailored to suit the peculiarities of the different planting seasons and farming requirements.

This product also includes a guaranteed off-taker who commits to purchasing the farming producer from beneficiaries of this loan for the purpose of local food production.

How GEEP Works

ENUMERATION

GEEP Agents are deployed to market clusters across Nigeria with mobile devices.

Potential beneficiaries are registered at the point of their trade with several data points collected including face ID & GPS location.

These data points are submitted to a central database where they will undergo verification.

VERIFICATION

Every successful data submission is categorized into batches of 10-20.

Our fully manned call centre goes through the process of calling a randomized batch of beneficiaries to verify the submitted information.

Once verified, potential beneficiaries are ready for disbursement into their mobile wallets.

DISBURSEMENT

Verified beneficiaries receive a text message on their phone, asking them to respond to a loan offer.

Once they accept, their mobile wallet is funded with the loan amount.

The beneficiaries can choose to transfer the money to their bank account or receive cash via an agent in their market.

REPAYMENT

Every beneficiary has a 2 weeks moratorium period before they begin to repay their loan. Loan repayments range from a minimum of 3 months to a maximum of 6 months.

Beneficiaries can repay at any bank or by using voucher cards. Once a beneficiary fully repays, they automatically qualify for a higher loan amount

APPLY HERE/READ MORE  

The MSMEs Survival Fund

The Survival Fund programme is aimed at helping small and medium scale businesses affected by the Covid-19 pandemic to survive. The registration has many categories and Hundreds of Thousands of Nigerians have benefited so far

APPLY HERE/READ MORE

THE NPOWER N-EXIT CBN LOAN PROGRAMME

It is aimed at providing soft loans to Npower volunteers disengaged by the Federal Government from their Primary Place of Assignment

Currently, more than 400,000 persons have registered

APPLY HERE/READ MORE

774, 000 FEDERAL GOVERNMENT JOBS

This job is meant for the poor and vulnerable in the society and will provide 1000 jobs in all the 774 Local Government Areas in Nigeria

APPLY HERE/READ MORE

Npower BATCH C OF 1,000,000 PERSONS

The Buhari led government will be releasing the list of npower batch C (1 and2) of 1,000,000 volunteers any moment from now

The FG recently opened her portal, and more than 5, 000,000 volunteers showed interest

APPLY HERE/READ MORE

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