Do you know you can get up to 10,000,000 Collateral free loan from CBN, with an interest rate of 5% per annum for up to 7 years tenor?
How to access up to 10-million-naira collateral-free CBN loan for small businesses and individuals. The Central Bank of Nigeria is giving collateral-free loans of up to N10,000,000 (Ten million Naira) to small businesses in a scheme called; Agric-Business/Small and Medium Enterprises Investment Scheme (AGSMEIS). INTRODUCTION The Scheme supports governments policy measures for the promotion of agricultural businesses, micro, small and medium enterprises (MSMEs) as vehicles for sustainable economic development and employment generation. Objectives of the Scheme To improve access to affordable and sustainable finance by Agri-businesses, Micro, Small, and Medium Enterprises (MSMEs). Create employment opportunities in Nigeria. Boost the managerial capacity of agri-businesses and MSMEs to grow the enterprises into large corporate organizations in line with Federal The government’s agenda to develop the real sector and promote inclusive growth. Eligible sectors/businesses 1....
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