Direct Link to Access up to 3 Million Naira CBN Loan (2023)

Direct Link to Access up to 3 Million Naira CBN LoanThe Central Bank of Nigeria is currently providing unsecured loans (collateral-free loan) of up to N3,000,000 (three million Naira) to small businesses under a scheme called the Agric-Business/Small and Medium Enterprises Investment Scheme (AGSMEIS). if you’re interested, read this guide and see link at the end of this article.

Eligible sectors/businesses

  • Agriculture & Agro-allied Processing
  • Art & Entertainment
  • Automobile Services
  • Fashion and Dressmaking
  • Catering & Event Management
  • Courier & Delivery Services
  • Creative Industry
  • Apparels and Textiles
  • I.C.T
  • Cottage
  • Telecommunications
  • Hospitality
  • Health Services
  • Welding and fabrication
  • Animal Husbandry
  • Cosmetics, Beauty, and Makeup Artistry
  • Electrical and Electronics
  • POP and Tiling
  • Carpentry
  • Masonry
  • Kerbs and Electric Pole making


Funding under the Scheme must be for start-ups, business expansion or revitalization of struggling companies. The loan conditions will be as follows:

  • Loan amount: Up to N3,000,000
  • Interest: 5% per annum for regular and 0% for non-interest AGSMEIS
  • Tenor: Up to 7 years (depending on nature/gestation period of the project)
  • Moratorium: Maximum of 18 months for principal and 6 months on interest.

To access the AGMEIS loan, there are some conditions that must be met:

Interested Applicants must undergo training by a CBN certified Entrepreneurship

  • Development Institution (EDI)
  • Interested Applicants will apply for the loan through the CBN accredited EDI
  • The application will then be sent to CBN through NIRSAL MFB by the EDI, for processing.
  • Those qualified will be contacted and given the loan.
  • Fill clearly the form with all the details required, sign, and get them authenticated by the

Requirements either during the application or before final approval/disbursement

  • BVN
  • Certificate issued by a CBN certified EDI
  • Details of two (2) Guarantors
  • Valid ID card
  • A Business Plan provided by the EDI

How to Apply
Interested individuals should Click here to Apply