Here is how to apply for the award that the Federal Government just approved for Nigerians, which includes loans and grants totaling 75,000 Naira. There’s no question that many Nigerians have already received theirs, and you may do the same. In order to acquire these stipends, even for business owners, there are a variety of approaches. Do you know about the CBN Grant? Graduates and undergraduates alike have the chance. The Supreme Bank claimed that by concentrating on job development, the TIES will address the problem of white-collar job seekers. Regarding the grant, the CBN would provide entrepreneurs with N75,000…
Author: Akeem Oyerinde
The Nigerian Federal Government has begun distributing the sum of N7.3 billion to the remaining recipients of the Special Public Works Program 774,000. Bank credit alerts have been received in the last two weeks confirming this. During the budget defense for Ministries, Departments, and Agencies (MDAs) held by the Senate Committee on Labour and Employment on Monday in Abuja, Minister of State for Labour and Employment Festus Keyamo announced that this will be paid soon. The Minister claimed that the bank’s difficulties were to blame for the delay and pledged that the FG will resolve the problems by the year’s…
Arc Olamilekan Adegbite, the minister of mines and steel development, promised over the weekend that small-scale and artisanal miners may access loan facilities up to N100 million to increase their production. In Ojoo, Akinyele Local Government Area of Oyo State, where he visited the continuing construction of the Gemstones Market, Adegbite informed the miners of this and asked them to organize cooperative groups in order to be eligible for the loans the government will arrange for them. He claims that the miners’ cooperatives will be able to borrow between N2 million and N100 million, which they will pay back over…
As a result of the Federal Government’s engagement with FMYSD on the NYIF Loan Scheme, Nigerians now have the opportunity to borrow up to $500k from NYIF. This data is derived from the email invitation some NYIF applicants received. See the email that was sent below: Dear Beneficiary of NYIF, As one of the National Youth Investment Fund’s (NYIF) disbursing parties, the Federal Ministry of Youths & Sports has partnered with NPF FB Plc. We are aware that many people are encountering problems, but don’t worry—we have many testimonials from people who used our guide and were ultimately successful in…
NYIF Loan Application Registration has already started. Download an application form for the Nigerian Youth Investment Fund (NYIF) online or register on their website. Nigerian Youth Investment Fund (NYIF) just made its application for young people in need of a loan public. The Federal Youth and Sports Development Ministry is the driving force behind the NYIF Initiative. It is wholly funded by the Central Bank of Nigeria. Here is how applicants can submit their applications for the ongoing NYIF Application site Registration. We are aware that many people are encountering problems, but don’t worry—we have many testimonials from people who…
The Abuja Municipal Area Council (AMAC) has awarded loans totaling N10,000 to over 250 impoverished women to help them grow their small businesses. The All Progressives Congress’ North Central Zonal Secretary, Yakubu Muhammed Adamu, gave out the grants to the recipients in Abuja and said that because women are more likely to share the benefits with their families, there needs to be more intervention on their behalf due to the global economic crisis. Adamu noted that the program, which he described as an annual effort that started nine years ago, has benefited over a thousand women and widows in the…
17 years after it started collecting the monies, the Federal Government has chosen five commercial banks to distribute the N278.5 billion Cabotage Vessel Financing Fund or CVFF. United Bank for Africa, Jaiz Bank, Zenith Bank, Polaris Bank, and Union Bank. They will act as the fund disbursement’s Primary Lending Institutions. The Minister of Transportation, Mauzu Sambo, revealed this at the flag-off event for Batch B of the third phase of the Nigerian Seafarers Development Programme, NSDP, over the weekend. She said President Mohammadu Buhari has ordered that the monies be disbursed right away. ALSO READ: Loan Registration Begins for the…
The federal government will start paying out the newly announced $750 million (approximately N324,652,500,000 at the official exchange rate of the Central Bank of Nigeria) World Bank facility to boost the Business… This was revealed over the weekend in Abuja during the screening of “The Future is Here,” an independent stage play about ease of doing business. Dr. Jumoke Oduwole is the Special Adviser to the President on the Ease of Doing Business and Secretary of the Presidential Enabling Business Environment Council (PEBEC). The grant will be distributed to states that have implemented reforms to increase the ease of doing…
Looking for the most recent low- or no-interest loans and grants. The Federal Government and various local, national, and international organizations are now offering loans. As you read on, we will explain certain aspects and how you can even get a free loan in Nigeria. Getting a loan in Nigeria with little to no interest is quite simple. Small and medium-sized businesses have access to loans with no interest that range in size from N1.2 million to N5. Loan from SMEDAN Loan amount: $1.5 Click Here For More Information 2. Graduate Entrepreneur Loans of N25m Amount: N25m Click Here For…
To maximize the potential of recent graduates who want to become entrepreneurs, the Central Bank of Nigeria (CBN) has released instructions for the execution of its Tertiary Institutions Entrepreneurship Scheme (TIES). In a document published and signed by Yusuf Yila Philip, the CBN’s director of development finance, the apex bank made this information public on Wednesday. According to the CBN, the TIES’ goal is to improve students’ and graduates’ access to financing in Nigeria who have creative technology and entrepreneurial ideas. According to the bank, the program is intended to provide yearly funding for 25,000 entrepreneurs, who will then generate…