Complete list of Ongoing FGN loans and Grants for 2024

1. Agricultural Credit Guarantee Scheme Fund (ACGSF) – The ACGSF is a loan scheme designed to provide credit to small and medium-scale farmers in Nigeria. It provides collateral-free loans of up to N10 million for a maximum of 5 years at a maximum interest rate of 5%.
2. Bank of Industry (BOI) Youth Entrepreneurship Support (YES) Program – This program provides young entrepreneurs with loans of up to N5 million at an interest rate of 9% per annum. It is aimed at promoting youth entrepreneurship and job creation in Nigeria.
3. Central Bank of Nigeria (CBN) Anchor Borrowers Program (ABP) – The ABP is a loan program designed to support smallholder farmers in Nigeria by providing them with loans at a maximum interest rate of 9% per annum. It also provides farmers with technical assistance and input supplies.
4. Federal Government Survival Fund – The Survival Fund is a grant program aimed at supporting small and medium scale businesses affected by the COVID-19 pandemic. It provides a one-off grant of up to N50,000 to eligible businesses.
5. Nigerian Youth Investment Fund (NYIF) – The NYIF is a loan program designed to support youth entrepreneurship in Nigeria. It provides loans of up to N5 million at an interest rate of 5% per annum for a maximum of 5 years.
   

   Federal Government Loans List For 2024

   ONGOING LOAN	APPLICATION
   Complete list of Ongoing FGN loans and Grants for 2024	GET ACCESS
   ₦500,000 FG loan by CBN Begins	GET ACCESS
   SMEDAN N1.5m Loan	APPLY NOW
   Nigerian Youth Investment Fund (NYIF) Begins	APPLY NOW
   N40,000 Free Salary to 774,000 Applicants	APPLY NOW
   Up to ₦5Million Business Loan for SME	APPLY NOW
   Federal Government Approves ₦75,000 Stipends	APPLY NOW
   How to access the N50 billion CBN Covid-19 intervention fund for SMEs	GET ACCESS
   Up to N25m Loans for Graduate Entrepreneurs	APPLY NOW

6. National Social Investment Program (NSIP) – The NSIP is a grant program designed to provide financial support to vulnerable groups in Nigeria. It includes the Conditional Cash Transfer (CCT), National Home-Grown School Feeding Program (NHGSFP), and the Government Enterprise and Empowerment Program (GEEP).
7. N-Power – The N-Power program is a youth empowerment initiative designed to provide young graduates with skill acquisition and entrepreneurship training. It also provides them with a monthly stipend of N30,000 for a maximum of 2 years.
8. National Health Insurance Scheme (NHIS) – The NHIS is a government-run health insurance program aimed at providing affordable healthcare to Nigerians. It provides health insurance coverage to individuals, families, and groups.
9. Tertiary Education Trust Fund (TETFund) – The TETFund is a grant program designed to provide financial support to public tertiary institutions in Nigeria. It provides funding for research, infrastructure development, and staff training.
10. Federal Government Export Expansion Grant (EEG) – The EEG is a grant program designed to promote non-oil exports in Nigeria. It provides up to 30% of the cost of production for eligible exporters.

11. Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) – SMEDAN is a government agency charged with the responsibility of promoting and developing small and medium scale enterprises in Nigeria. It provides loans, grants, and other forms of support to entrepreneurs in the country.
12. Bank of Industry (BOI) Cottage Agro Processing (CAP) Fund – The CAP Fund is a loan program designed to support small and medium scale agro-processing businesses in Nigeria. It provides loans of up to N10 million at a maximum interest rate of 9% per annum.
13. Nigerian Export-Import Bank (NEXIM) Export Development Fund (EDF) – The EDF is a loan program designed to support non-oil exports in Nigeria. It provides loans of up to $1 million to eligible exporters at a maximum interest rate of 7.5% per annum.
14. Nigerian Content Intervention Fund (NCIF) – The NCIF is a loan program designed to support the growth of local content in the Nigerian oil and gas industry. It provides loans of up to N10 billion at a maximum interest rate of 8% per annum.
15. Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) – NIRSAL is a government agency designed to promote agricultural lending in Nigeria. It provides guarantees, technical assistance, and other forms of support to financial institutions and agricultural value chain actors.
16. Development Bank of Nigeria (DBN) – The DBN is a development finance institution established to provide long-term financing to small and medium scale enterprises in Nigeria. It provides loans of up to N10 billion at a maximum interest rate of 10% per annum.
17. National Automotive Design and Development Council (NADDC) – The NADDC is a government agency charged with the responsibility of promoting the development of the automotive industry in Nigeria. It provides loans and grants to local automobile manufacturers and assemblers in the country.
18. National Council for Arts and Culture (NCAC) – The NCAC is a government agency charged with the responsibility of promoting the development of arts and culture in Nigeria. It provides grants and other forms of support to artists and cultural practitioners in the country.

In summary, these loan and grant programs provided by the Federal Government of Nigeria are aimed at promoting various sectors of the economy such as agriculture, entrepreneurship, arts, and culture. Interested applicants are encouraged to visit the respective agencies’ websites for more information on eligibility criteria and how to apply.