FG Support Fund Schemes 2022 to help Boost Your Business

federal government support fund schemes 2022
federal government support fund schemes 2022

Looking for Support Fund Schemes to help boost your business to the next  level In 2022? To start up a business is never the problem, but where to see capital for startup is always the issue.

Now, for your business to grow, you need also huge amount of money upgrade your business to the standard you want. Before doing that, truetalknews has summarized 5 good Support Fund Schemes that will boost your business in 2021.

Did you miss out on the available support fund schemes for 2021 and wish to benefit in the year 2022? If ‘yes’ then this post “Support Fund Schemes To Boost Your Business In 2022” is a must read.

This post actually summarizes five (5) government support scheme that can be of help to you as an individual or as a business entity.

Millions of persons benefited from these schemes, but it will surprise you that thousands didn’t know of their existence.

Hopefully, those who aren’t aware can eventually step into 2022 as a beneficiary of these schemes.

Support Fund Schemes To Boost Your Business In 2022

Currently, the five (5) accessible Support Fund Schemes To Boost Your Business In 2022 are;

  1. NMFB Non-interest Loan
  2. 100 For 100 PPP
  3. Tertiary Institutions Entrepreneurship Scheme (TIES)
  4. Anchor Borrowers’ Program (ABP)
  5. National Youth Investment Fund (NYIF)

 

  1. NMFB Non-interest Loan

The Nirsal Microfinance Bank (NMFB) is one that assists those who are into businesses to meet up with their expectations. You can apply here

2. 100 For 100 PPP

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This initiative is being introduced by the Central Bank of Nigeria (CBN) to support enterprises. It is meant to bring flow of funds and investment to businesses/enterprises.

Achievable traits includes; improved productivity, sustainable economic growth, structural transformation, and also promotion of diversification. You can commence with the application process by clicking here.

3. Tertiary Institutions Entrepreneurship Scheme (TIES)

Tertiary Institutions Entrepreneurship Scheme logo

The acronym TIES stands for Tertiary Institutions Entrepreneurship Scheme, which is a new loan scheme introduced by the Central Bank of Nigeria.

This scheme is for both Nigeria graduates and undergraduates as a strategy in tackling unemployment in the country. Interested persons should follow this Link

4. Anchor Borrowers’ Program (ABP)

The Anchor Borrowers’ Program (ABP) was established by CBN just as enshrined in the 2007 CBN Act.

This program is to bring in contact small holder farmers and companies (anchors) who possesses good reputation together.

Especially those who are into production and processing of agricultural commodities.

Loan will be provided either in kind or cash to small holder in the quest to reduce importation of food, create job opportunities and also boost agricultural production.

More information regarding this scheme visit https://cbn.gov.ng/

5. National Youth Investment Fund (NYIF)

The NYIF initiative was introduced by the Federal Ministry of Youths and Sports Development (FMYSD).

The scheme is being funded by the Central Bank of Nigeria (CBN) with the major motive to invest in ideas put forward by the youths.

Definitely, the initiative will build sustainable businesses, as well as increasing job opportunities. To be part of this scheme as an applicant, you can click here.

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