Top 5 FG Support Funds to Boost your Business in 2022 » Voice of Nigeria


List of Government Support Funds to Boost your Business in 2022

Top 5 FG Support Funds to Boost your Business in 2022

Many people are unaware of Nigerian government grants/funds that can help them expand their business. In this section, we will list five (5) state grants that can expand your business in 2022.

In 2021, many people benefited from various support schemes run by the government, while there were some who could not avail the benefits of this scheme and called it a scam. Therefore, this post was created to inform the public and direct the record.

With the right knowledge of these government schemes you can step into the year 2022 with any of the available government assistance fund schemes.

Top 5 FG Support Funds to Boost your Business in 2022

The following is a complete overview of the Federal Government Assistance Fund and web links you should visit in 2022:

  1. CBN 100 for 100 PPP

CBN N5Billion PPP Loan

It is an initiative created by the Central Bank of Nigeria (CBN) to increase the availability of financial and investment resources to accelerate exchange rate patterns, promote diversification and improve the quality of life. products designed to promote the growth of the industry. This is incentive for private companies to reduce certain exports, increase non-oil exports, and improve the FX-building capacity of the industry.

To Apply for this CBX 100 For 100 X5bn PPP Loan, “CIick Here“!

  1. CBN TIES Loan

cbn

TIES stands for “Institutional Entrepreneurship Scheme”. It is a designated loan from the Central Bank of Nigeria (CBN) to Nigerian graduates / bachelors to curb high unemployment in Nigeria.

To apply for CBN TIES Loan, visit, cbnties.com.ng portal.

  1. NMFB TCF Loan (free-interest loan)

nirsal cbn loan

The NIRSAL Microfinance (NMFB) Targeted Credit Facility (TCF) loan was launched with cash-for-trade instruments to help businesses affected by the Kovid-19 epidemic. To apply for NIRSAL TCF loan. Click here!

  1. CBN Anchor Borrowers Programme (ABP)

This is another support fund provided by the Central Bank of Nigeria (CBN) to the Anchor Debtor Program (ABP) for the establishment of economic links between small farmers (SHF) and under the development work referred to in section 31 of the CBX Act 200. Establishes. Leading companies (anchors) engaged in the production and processing of basic agricultural commodities. The main purpose of this program is to provide credit to farmers.

To apply, visit https://cbn.gov.ng.

  1. Nigeria Youth Investment Fund (NYIF)

nyif applicants

The NYIF loan was developed by the federal government, the Federal Ministry of Youth and Sports Development (FMYSD) and funded by the Central Bank of Nigeria. The main reason for designing this scheme is to invest in the ideas of the youth so that they can help in starting a business, which can reduce the unemployment rate in the country.

To benefit from NYIF Loan scheme, Click Here!

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