How to Export Ginger from Nigeria and make huge Profit

The demand for Ginger in the international market has gone up significantly because the root is now being used as raw material in manufacturing process. More »

How to Start a Profitable Cement Block Molding Industry in Nigeria.

Are you thinking of starting a profitable business of your own in Nigeria? If yes then I will want you to consider setting up a cement block molding industry in the country More »

How To Start Pure water business In Nigeria

Sachet and bottled water production is one profitable business opportunity in Nigeria that has high return on investment if well managed. More »

How To Start Small Scale Poultry Farm in Nigeria (Feasibility studies)

The high demand for chicken meat and eggs has really proven that Poultry farming in Nigeria is indeed a very lucrative business More »

Instant Pounded Yam Production Business: Startup Requirement

Indeed you can become a millionaire through Poundo Yam production business in Nigeria. You can make up to N500, 000/month producing and selling Instant pounded Yam powder More »

Dried Crayfish Export from Nigeria:Made Easy

Dried Crayfish is one of the foodstuffs currently being exported from Nigeria to countries in Europe, America and Asian More »

Start A Profitable Groundnut Oil Production Business in Nigeria

The high demand for groundnut oil nationwide and the short fall in supply due to the ban on the importation of the product by the government has thus make the business very lucrative. More »

How to Start Small Scale Livestock Feeds Production Business in Nigeria

You can start a small scale livestock feed production in Nigeria without regrets because it is very certain you will make enough cash doing the business More »

How to Start Custard Powder Production in Nigeria

Food business is Undoubtedly a huge industry in Nigeria and the world over More »

Make Billions in The Nigeria Oil and Gas Business

Discover how Oil and gas moguls like Chief Mike Adenuga,Mrs.Folorunsho Alakija, Sanni Bello,Aliko Dangote,Chief Femi Otedola, Ifeanyi Ubah, Sir Emeka Offor, Tony Ezenna, Mohammed Indimi etc made their endless wealth. More »

Lets Build Your Swimming Pool

At Rufus Thomas & Co. We help you to Create the best of World class Swimming Pool facility Ranging from Pools for Hotels,Spa,housing Facility and pool For children. We also offer Dismantable swimming which will be Constructed for Temporary purposes More »

Lets Handle Your Furniture & Interior Decoration

We are 100% devoted to the specific needs of our clients and committed to fulfilling it More »


How to Access the Federal Government Micro Credit Loans to Small scale Businesses In Nigeria

Are you planning on how to expand an already existing small scale business or about to setup a new one but find it difficult raising the required capital? If yes, then cheer up because there is hope for you to achieve your set goals and objectives!
Recently, the Federal government of Nigeria released sum of 1bilion Naira to the National Economic Reconstruction Fund (NERFUND). This fund is to be made available to small scale business operators in Nigeria as short or long term loans facility to stimulate rapid growth in the 
manufacturing of goods/delivery of quality services for local consumption and export.
The amount to given out as micro credit loans is between N100, 000 to 5million Naira at 2% interest rate payable in three years.
The main beneficiary to get this micro credit loans are young graduates/ retirees seeking to start to a business and also medium scale Business operators in Nigeria that are into agro-allied, produce goods and render support services. 
However, there are some criteria to be met before this micro credit loan is released to applicants.
Your business outfit must fall into micro small and medium scale business category.
Your business outfit must be able to source about 60% of its raw materials, machinery and manpower needed for production of goods within Nigeria.
Your business operation must not be a buying and selling type.
Your business outfit must be duly registered with the corporate affairs Commission of Nigeria as an enterprise or a limited liability company.
The reasons you applied for the micro credit loan must be to expand, diversify your already existing business or to purchase fixed assets for your business e.g equipments, plants and machinery.
Your business must be viable and able to create employment opportunities for Nigerians.
Submit a simple feasibility report and business plan showing the viability or profitability of your business or project.
You must submit a proforma invoice indicating the price and source of getting the proposed plant, equipment and machinery.
You must be able to contribute 10% of the micro credit loan while NERFUND provide the remaining 90%.
You must make available the site plan where the business or plant is to be located.
You must submit the source of your raw materials and quoted prices.
To apply for this federal government micro credit loan scheme, pick up an application form at NERFUND office at Plot 1340, Amniu Kano Crescent Wuse II, PMB 319, Garki, Abuja , website., Tel. +234096705604, +23409677725040
After, collecting application forms fill and submit at NERFUND office. You are given 30days of grace period to submit completed form to the office of NERFUND. Then NERFUND will later contact you if your micro credit application is approved.
Please, share this valuable information to friends on facebook and twitter to help young graduates and retirees in Nigeria get loan to start a business.
Stay blessed.

Tweet about this on TwitterPin on Pinterest0Share on Google+0Email this to someoneDigg thisShare on LinkedIn0Share on Facebook3Share on Reddit0
(Visited 823 times, 1 visits today)

18 Responses to How to Access the Federal Government Micro Credit Loans to Small scale Businesses In Nigeria

  1. Anonymous says:

    This is a welcome scheme by FG ,it design and tailor toward poverty eradication and economy domesticated. As a young graduate,i will like to be one of the beneficiary,it is the opportunity have been rearing for long . Pls help.

  2. Low Cost Loans says:

    I think blogs are important even in small businesses because it helps your businesses to be exposed more. And since this days,more people are relying on the internet to search for whatever they need.
    Business Loans

  3. is nerfund dead or alive? i really want to know because i have not been hearing about nerfund any more.

  4. lucy says:

    quite appreciate. but website suspended now. how do we get the forms without having to travel to Abuja?

  5. 080oyokosunday070 says:

    Visit the Federal Ministry of Commerce and Industry in your State.

  6. Thanks to the federal govt.for devising this means to curb poverty i this federation.

  7. Okoro Prince Thomas says:

    I am so happy coming across this information. I will be so grateful to be a part of the beneficiary. I really need to expand and extend my farm.

  8. Kombosia Awo Tariah says:

    I am very excited in the Federal Government Poverty eradication programme by supporting small scale enterprises.I will feel happy to be one of the beneficiary.I am in the process of starting recharge card printing business

  9. Kombosia Awo Tariah says:

    Sir,I hereby request for NERFUND application form. Pls send through my e-mail. Thanks

  10. 080oyokosunday070 says:

    Get all forms from NERFUND office

  11. ADAMS BASIT says:


  12. Godson Orji says:

    i come across this when i went a summit is good, but I’m into livestock farming and want to expand it can i apply for loan?.

  13. Sylva Chimaonye says:

    I manufacture Lightings and chandeliers in a small scale. I am interested, I have been looking for this opportunity for a very long time. can I apply for this loan on line since am living outside abuja?

  14. I have looking for opprtunity to get loan , am Exporter of Agricultural product,even ,I have contract to supply but know finiacial, I need sport

  15. This step will drastically reduce unemployment.

  16. Ndubuisi says:

    I want to apply for this loan to enble me buy a machine for my interlocking productions.

  17. Michael says:

    A nice direction to the youth, please I want to setup my business how can you help me from my situation, I really want a loan for my business in other to help my ageing parents and my younger ones, how can I get the form.

  18. Udeme Robert Inyang says:

    I registered my business with CAC since 2012 to establish a palm oil production company but since then no fund to purchase machines, Am pleading for help for NEFUND to make my dream come through.I need help seriously.

Leave a Reply

Your email address will not be published. Required fields are marked *

Follow my blog with Bloglovin