Apply for CBN's N50bn COVID-19 Loans April 2021

The AGSMEIS Loan Registration Portal 2021 is now open, apply following the guideline below:

GoldenNewsNg gathered that the Federal Ministry of Youth and Sports Development has opened a new application form and registration ports.

All application are to be submitted only on the AGSMEIS official website https://agsmeisapp.nmfb.com.ng/

CBN AGSMEIS Loan Registration Requirements

  • Duly completed application form.
  • Bank Verification Number (BVN).
  • Certificate of Training from recognized Entrepreneurship Development Institution (EDI) or evidence of membership of organized private sector
  • Letter of Introduction from any of the following, Clergy, Village Head, District Head, Traditional Ruler, senior civil servant, etc. (for individuals/ micro enterprises only).
  • Evidence of registration of business name or certificate of incorporation and filing of annual returns (where applicable) in compliance with the provisions of the Companies and Allied Matters Act (1990).
  • Tax Identification Number (TIN) and current Tax Clearance Certificate TCC) where applicable.
  • To qualify to access this fund, you need to have been trained by an Enterprise Development Institute after which you will fill the form. They will submit your form to CBN.
  • CBN will ask banks to verify your account details and then CBN proceeds to conduct its own assessment.

AGSMEIS Loan Registration Process 2021

  • Get Trained
  • Apply For Loan
  • Receive Funds
  • Get Business Support Services:
  • Make Sales
  • Repay Loan

Frequently Asked Questions

Here is a collection of Most Asked Questions about the AGSMEIS Scheme. If you can’t find the question you wish to get answers to, please reach us on Twitter.

How do I access the loan?
Interested applicants are to visit https://agsmeisapp.nmfb.com.ng/onboarding and create an account which will enable them start the application process, or visit any of the NMFB Certified EDIs to guide

What is the interest rate for this loan?
The interest rate is currently at five percent (5%) per annum.

Do I need collateral?
No, this loan scheme does not require a collateral.

Do I need collateral?
No, this loan scheme does not require a collateral.

Has disbursement started?
Yes we have disbursed over N95B and this is still ongoing.

Upon approval of my loan can the funds be released to me as i deem fit?
No. Your approved loan amount will be disbursed to your NMFB account. For the purchase of your equipment(s)/machineries, this will be handled by one of the NMFB’s certified Vendors while the working capital funds will be accessible through your account for withdrawal, upon meeting all terms and conditions.

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