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The Federal Government of Nigeria (FGN) has introduced measures to provide financial support to individuals and businesses through the FG grant and loan initiative (fedgrantandloan.gov.ng).

This program is suitable for Nigerians of all levels—designed to help Nigerians access different types of grants and loans easily.

If you’re looking for a government grant and loan to grow your business, fund your education, or invest in agriculture, this guide will show you how to apply, eligibility, and requirements for different types of federal government grants and loans in Nigeria.

What is FG Grant

A federal government grant (FG grant) is a free financial support for Nigerian small business owners, farmers, students, and startups to support economic growth that they don’t need to pay back.

On the other hand, a federal government loan (FG loan) is a repayable financial support system with low-interest rates and flexible repayment plans. These loans help individuals and businesses get funding without relying on traditional banks.

The FG grant and loan initiative is aim to provides access to both grants and loans, ensuring that Nigerians can secure the funding they need for youth development and economic empowerment.

Here you will know how to apply for these grants and loans correctly. So stay tuned and read to the end!

This article provides a comprehensive guide for the Federal Government Grant and Loan (FG grant and loan) program, providing a step-by-step walkthrough of the application procedures, outlining the eligibility criteria and advantages of Federal Government Grant and Loan over others, and highlighting the essential documents required for a successful application.

Read more: Top Grants in Nigeria 2025: Opportunities You Shouldn’t Miss

Key Information Before Applying for Federal Government Grants and Loans

Before applying for any government grant or loan, consider the following important factors:

• Verify the Official Source: Always ensure you are applying through the official government website to avoid scams.
• Understand the Eligibility Criteria: Carefully review the requirements for each grant or loan to ensure you meet the qualifications before applying.
• Prepare Necessary Documents: Required documents may include a business plan, means of identification, BVN, tax identification number (TIN), and proof of residence.
• Check Application Deadlines: Many government financial programs have strict deadlines, so apply early to avoid missing out.
• Be Honest in Your Application: Providing false information can lead to disqualification or legal consequences.
• Purpose for the Funds: Clearly define how you intend to use the funds to increase your chances of approval.
• Ready for a Screening or Interview: Some grants and loans require applicants to undergo an interview, background check, or training session.
• Understand Loan Repayment Terms: If applying for a loan, review repayment conditions, interest rates, and penalties for late payments.
• Keep Records of Your Application: Save confirmation emails, tracking numbers, and any relevant communications related to your application.
• Seek Expert Advice: If you are unfamiliar with the application process, consult professionals or government agencies for guidance.

List of Federal Government of Nigeria (FGN) grants and loans (FG grant and loan)

Here is a list of Federal Government of Nigeria (FGN) grants and loans:

1. Bank of Industry (BOI) Programs

The BOI is one of Nigeria’s key financial institutions offering funding to entrepreneurs and SMEs through various targeted programs:

• Youth Entrepreneurship Support (YES) Program
  Designed for young Nigerians with innovative business ideas. Offers training, funding, and mentoring.

• Graduate Entrepreneurship Fund (GEF)
  Provides loans to NYSC members to start small-scale businesses after camp training.

• Cottage Agro Processing (CAP) Fund
  Supports the establishment and expansion of cottage agro-processing industries in rural areas.

2. Nigerian Export-Import Bank (NEXIM) Initiatives

NEXIM supports the non-oil export sector through funding and credit facilities:

• Export Stimulation Facility (ESF)
  Provides long-term loans for export-oriented businesses.

• Rediscounting and Refinancing Facility (RRF)
  Enhances the liquidity of banks providing credit to exporters.

• Export Development Fund (EDF)
  Offers grant support to promote product development and international market access.

3. Nigerian Agricultural Insurance Corporation (NAIC)

NAIC provides insurance and financial support to farmers to reduce risks in agriculture:

• Covers losses from natural disasters, pest attacks, and other farming-related risks.

• Enhances access to funding by de-risking agricultural investments.

4. Small and Medium Enterprises Development Agency of Nigeria (SMEDAN)

SMEDAN helps MSMEs with capacity building, market access, and funding:

• Offers both grants and low-interest loans.

• Runs business development training programs.

• Supports formalization of informal businesses through CAC registration.

5. Central Bank of Nigeria (CBN) Programs

CBN runs several intervention funds to stimulate economic development:

• Agricultural Credit Guarantee Scheme Fund (ACGSF)
  Guarantees loans to farmers to boost food production.

• Commercial Agricultural Credit Scheme (CACS)
  Offers large-scale funding for commercial agriculture projects.

• Micro, Small, and Medium Enterprises Development Fund (MSMEDF)
  Focuses on women, youth, and rural MSMEs.

6. Nigerian Youth Investment Fund (NYIF)

This youth-focused loan program provides:

• Loans ranging from ₦250,000 to ₦5 million.

• Targets youth aged 18–35 with business ideas or existing enterprises.

• Requires a business plan and basic financial literacy training.

7. FGN/BOI Intervention Funds

• A ₦75 billion fund created to support MSMEs.

• Accessible through partner financial institutions.

• Prioritizes businesses in sectors such as manufacturing, tech, agriculture, and services.

8. National Social Investment Program (NSIP)

A multi-scheme initiative aimed at reducing poverty and unemployment:

• N-Power Program – Provides job training, work placements, and monthly stipends.

• Conditional Cash Transfer (CCT) – Direct financial aid to poor and vulnerable households.

• Government Enterprise and Empowerment Program (GEEP) – Offers micro-loans (e.g., TraderMoni, MarketMoni, FarmerMoni).

• Home Grown School Feeding Program (HGSF) – Nutrition and empowerment initiative for school children and local cooks.

9. Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS)

• Offers up to ₦10 million in loans at single-digit interest rates.

• Available through NIRSAL Microfinance Bank and others.

• Requires training and certification through approved Entrepreneurship Development Institutions (EDIs).

10. CBN NIRSAL Microfinance Bank Loans

• Includes quick-access loans under the COVID-19 Targeted Credit Facility (TCF).

• Provides access to collateral-free microloans for individuals, households, and small businesses.

11. Anchor Borrowers’ Programme (ABP)

• Designed to link smallholder farmers with reliable markets (Anchor companies).

• Farmers receive input support and repay with part of their harvest.

• Primarily supports rice, maize, cotton, and other strategic crops.

12. Development Bank of Nigeria (DBN) Loans

• Offers wholesale lending to MSMEs through microfinance and commercial banks.

• DBN loans feature longer tenors, lower interest, and more flexible terms than conventional loans.

13. Conditional Grant Scheme (CGS) for Micro Enterprises

• Targets nano and micro-businesses across Nigeria.

• Offers small grants (up to ₦50,000) along with training and business support.

14. Nigerian Education Loan Fund (NELFund)

• A student loan scheme aimed at tertiary institution students in public schools.

• Covers tuition and maintenance costs, repayable post-graduation.

• Managed under the Students Loan Act of 2023.

15. SMEDAN Student Entrepreneurship Grant

• Provides grants to student entrepreneurs with innovative business ideas.

• Aims to develop enterprise skills in undergraduates across Nigerian institutions.

Read more: How to Apply for Smedan Student Entrepreneurship Grant in 2025 | Step-by-Step Guide for Nigerian Students

See Also: Top 20 Loan App in Nigeria: Get Quick Loans Without Collateral

16: Nigeria tvet monthly grant

The Nigeria TVET monthly grant is a financial support program created by the federal government to help students in technical and vocational schools. Under this plan, eligible students will receive ₦45,000 every month. The goal is to support young Nigerians in learning practical skills that can help them get jobs or start their own businesses. This FME TVET initiative is part of the government’s effort to reduce unemployment and build a skilled workforce across the country.

See Also: How to Apply for TVET Programs (FME TVET Initiative 2025)

FG Grant Eligibility Criteria

Before applying for any fg grant or loan in 2025, it’s important to know if you qualify. The government has set basic conditions to ensure the support goes to the right people. Meeting these criteria doesn’t just increase your chances—it shows that you’re ready and serious about making a positive impact with the funds.

Here’s what you need:

1. Age & Citizenship

You must be a Nigerian citizen who is at least 18 years old. These grants are created to empower Nigerians and help local communities, so proof of nationality is non-negotiable.

2. Business Registration (CAC)

If you’re applying for a business-focused fg grant, having a CAC-registered business gives you an edge. It shows that your business is formal, traceable, and ready for growth.

3. Bank Verification Number (BVN)

Your BVN is used to verify your identity and ensure transparency. It’s also used to track your loan or grant activity and protect the system from fraud.

4. Sector Relevance

Certain fg grants are designed for specific sectors like:

• Agriculture

• Technology startups

• Creative industry

• Women and youth entrepreneurship

Ensure the scheme you’re applying for matches your field or passion.

5. Good Credit History

Although some grants are non-repayable, many come with loan components. In those cases, a clean credit record increases your trust rating and helps you qualify for larger amounts in the future.

Pro Tip: Even if you’re new to borrowing, starting small and repaying on time helps build your creditworthiness over time.

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FG Grant Documents Required

Once you confirm that you meet the eligibility criteria, the next step is to gather the right documents. Preparing your paperwork early shows commitment and gives you peace of mind during the application.

Here are the essential documents you’ll need to apply for an fg grant in 2025:

1. Valid Means of Identification

Accepted IDs include:

• National ID Card (NIN)

• International Passport

• Voter’s Card

• Driver’s License

2. BVN Printout

Make sure the details on your BVN match your application and bank account to avoid delays or disqualification.

3. Utility Bill

This confirms your current residential address. Use a recent electricity, water, or waste bill (within the last 3 months).

4. CAC Certificate (for Business Grants)

If you’re applying on behalf of a business, a Certificate of Incorporation from CAC is usually mandatory.

5. Business Plan

A well-written business plan should outline:

• What your business does

• How much you need

• How the money will be used

• Expected impact or growth

Tip: Keep it simple, clear, and realistic.

6. Bank Statement

Some fg grant schemes may request your bank statement (3–6 months) to evaluate your financial discipline and cash flow.

How to Apply for FG Grant and Loan 2025

Now that you know the requirements and have your documents ready, let’s walk through the steps to successfully apply for an fg grant and loan this year.

Step-by-Step Application Guide:

1. Visit the grant Official Portal

Go to each grant and loan portal, e.g student loan portal: https://nelf.gov.ng/. To do that, type and search the name of the grant or loan on the internet and click the secure, government-verified domain (e.g., .gov.ng).

2. Create an Account

Use a valid email address and phone number. These will be used for notifications and updates throughout the process.

3. Fill Out Your Profile

You’ll need to provide:

• Personal information

• Business details (if applicable)

• Financial background

Make sure all info is accurate and matches your documents.

4. Upload Required Documents

Scan and upload each document in the required format (PDF or JPEG). Ensure they are clear, not blurry, and under the file size limit.

5. Choose a Grant or Loan Scheme

From the dashboard, select the specific fg grant or loan you want to apply for. Read the description carefully to make sure it fits your goal.

6. Submit and Track Your Application

Once submitted, you’ll receive a tracking ID or application number. Use this to monitor your status, respond to queries, and know when you’ve been approved.

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Helpful Tips:

• Apply early—grants often have deadlines and limited slots.

• Double-check every detail before submission.

• Be honest—false claims or forged documents can lead to permanent disqualification.

• Stay updated—join FG SMS/email alert channels for updates.

See Also: Top 20 Loan App in Nigeria: Get Quick Loans Without Collateral

Advantages of FG Grants and Loans Over Other Financial Supports