Federal Government Of Nigeria 250,000 Naira Loan for SMEs

February 17, 2026 February 17, 2026

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The Federal Government of Nigeria in a bit to improve the SMEs landscape of the country, has decide to help small business to access funds with zero percent interest free loans with zero collateral. This scheme is available to all businesses in the country. On this page you will we be giving you more information on the loan; the requirement and the official online portal to begin application.

The Federal Government of Nigeria through the National Directorate Of Employment (NDE) is disbursing the sum of Two Hundred and Fifty Thousand Naira (250,000) to small businesses.

This scheme is for you if you have business that needs funding irrespective of CAC registration but there must be a physical location where you business is already stiving.

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Objective of the Scheme

To develop entrepreneurship spirit amongst Nigerians and provide insight into the tools,
techniques and framework for managing all functional areas of business enterprise, including
production, marketing, personnel and finance.
To develop skills of would-be-entrepreneurs to successfully start, expand, diversify and
manage business enterprises as well as link them with financial institutions for start up capital,
especially the microfinance banks.
To generate employment opportunities for Nigerians in pursuance of the provisions of the
National Economic Empowerment and Development Strategy [NEEDS] and recently vision
2020.
To raise a new class of entrepreneurs/owners, who can compete globally and succeed in
managing MSMEs and provide the bridge for future industrialization of the country.

The Centres would be expected to provide physical structures, training materials, equipments, human
resources and other facilities that would assure internationally competitive, effective and sustainable
services capable of meeting the needs of MSMEs in the zones. The CBN would conceptually provide a
significant part of the initial take off capital but each centre would, in addition, provide counterpart
funding and show evidence on how the Centre would be self financing over time.