On this page are simple guidelines on how to get the current N60 billion SME fund as a Nigerian youth. Business metrics has provided the basic information to guide you through this process.
How to Get N60 Billion SME Fund as a Nigerian
The government has approved N60 billion from the Central Bank of Nigeria (CBN) to boost small businesses, especially those run by young people.
This initiative, called the Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS), aims to empower young Nigerians and fuel economic growth.
What is AGSMEIS?
AGSMEIS is a government program designed to support small and medium businesses (SMEs) in the agriculture sector.
It provides financial aid and resources to help young entrepreneurs launch and grow their agribusinesses.
Why AGSMEIS?
This program offers several benefits:
- Easier access to funding: AGSMEIS makes it easier for young Nigerians to secure loans for their businesses.
- Job creation: By supporting young entrepreneurs, AGSMEIS helps create job opportunities in the agricultural sector.
- Sustainable agriculture: The program encourages sustainable farming practices, which benefit the environment and future generations.
- Boosted agricultural value chain: AGSMEIS strengthens the agricultural sector by supporting businesses throughout the production process.
- Enhanced management skills: The program offers training to improve the management skills of young agri-business owners.
Are you eligible?
Great news for young Nigerian entrepreneurs. This initiative, called the Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS), aims to empower young Nigerians and fuel economic growth.
What is AGSMEIS?
AGSMEIS is a government program designed to support small and medium businesses (SMEs) in the agriculture sector.
It provides financial aid and resources to help young entrepreneurs launch and grow their agribusinesses.
Why AGSMEIS?
This program offers several benefits:
- Easier access to funding: AGSMEIS makes it easier for young Nigerians to secure loans for their businesses.
- Job creation: By supporting young entrepreneurs, AGSMEIS helps create job opportunities in the agricultural sector.
- Sustainable agriculture: The program encourages sustainable farming practices, which benefit the environment and future generations.
- Boosted agricultural value chain: AGSMEIS strengthens the agricultural sector by supporting businesses throughout the production proces
- Enhanced management skills: The program offers training to improve the management skills of young agri-business owners.
Here’s how to find out if you qualify for AGSMEIS funding:
- Your business must be registered with the Corporate Affairs Commission (CAC).
- You must comply with tax regulations and file timely tax returns.
- You must be willing to apply for the loan through a participating bank.