The federal government grant and loan (fedgrantandloan) is for everyone in Nigeria. Either you are a business person who wants to grow his business, a farmer who wants to multiply your farm produce, a student who want some money for his education, a market woman who wants some expansion, you sure have good spot in this.
In 2025,several federal agencies and programs in Nigeria are offering assistance to support economic development, entrepreneurship and educational goals. This Opportunity still opens to everyone wh0 wish to benefit from it.
Here’s a guide to help you go over the process and successfully apply for Federal government grants or loans in Nigeria. Follow the steps below:
Grants and Loans, what are they?
The Nigeria government offers two major types of financial assistance: grants and loans. Knowing the difference them can you choose the best option for your needs.
Grants: These are non-repayable funds. The Nigerian government provides grants t0 individuals, businesses, and organizations to promote development in specific sectors such as agriculture, technology and small businesses.
Loans: Unlike grants, loans must be repaid with interest. However, government loans often come with lower interest rate and repayment terms compared to commercial bank loans.
Identify the Right FG Grant/Loan Program for you.
The Nigerian government has several grant and loan programs, each with it’s own purpose, eligibility criteria and application process. Below are some of the most popular programs you can explore.
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Federal Government Loans.
FG BoI MSME Intervension Loan: Recently, the Nigerian government introduced a loan anchored by the Bank of industry (BoI)
CBN NIRSAL Microfinance Bank Loans: Through NIRSAL Microfinance Bank, the central bank of Nigeria(CBN) offers various loan options, including the Targeted credit facility (TCF) for individuals and businesses affected by economic hardship. Loan amount can range from N500,000 to N25 million, depending on the need and eligibility.
Anchor Borrowers’ Programme (ABP): For farmers, the Anchor Borrowers’ Programme (ABP) offers funds for agricultural inputs and working capital. This CBN-led initiative supports formers across Nigeria to improve food security and productivity.
Development Bank of Nigeria (DBN): The Development Bank of Nigeria provides affordable financing micro, small and medium enterprises (MSMEs). These loans are available through participating banks and are designed to help businesses grow.
2. Federal Government Grants.
There are federal government grants you can apply for in 2025.Some of them include but not limited to:
Nigeria Youth Investment Fund (NYIF): The Nigeria Youth Investment Fund is aimed at Nigerian youths aged 18-35 who need funding to start or grow their businesses. In 2025, this grant continues to provide up to 3 million per applicant. Here’s How to Apply for NYIF grant in 2025
YouWin Connect:The YouWin Connect initiative is targeted on young entrepreneurs by providing mentorship and grants to help them develop their business ideas. It’s a competitive grant program and winners receive financial support based on their business proposals.
AGSMEIS: The Agriculture, small and medium Enterprise investment scheme(AGSMEIS) offers funding to businesss in Agriculture, Creative industries, manufacturing and more. This programme is managed by central bank of Nigeria (CBN)
