[JUST IN]: Federal Government Launch 13 Grants and Loan Portal | Apply Now

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[JUST IN]: Federal Government Launches 13 Grants and Loan Portal | Apply Now 

The Federal Government of Nigeria has launched a series of impactful initiatives designed to empower citizens, foster economic growth, and enhance skill development across the country. These programs cover various sectors including education, business, technology, and housing. Here are 13 significant initiatives currently available, along with their official websites to help you apply or register:

1. Student Loan Scheme

The Student Loan Scheme aims to provide financial support to Nigerian students in need, ensuring they have access to quality education without the burden of hefty fees. This initiative is part of the government’s commitment to fostering a more educated and skilled workforce for the future.

• Apply at: www.nelf.gov.ng

2. Compressed Natural Gas (CNG) Initiative

This initiative promotes the adoption of Compressed Natural Gas as an alternative fuel to petrol and diesel, contributing to a cleaner environment and reducing fuel costs. It's a critical component of the government's broader environmental and economic strategies.

• Register at: www.pci.gov.ng

3. Consumer Credit Corporation

The Consumer Credit Corporation provides a variety of consumer credit products to help citizens meet their financial needs, from personal loans to credit for household items, all aimed at improving the quality of life for Nigerians.

• Visit: www.credicorp.ng

4. Digital and Creative Enterprises (iDiCE) Program

The iDiCE program supports Nigeria’s burgeoning digital and creative industries, offering funding, training, and mentorship opportunities for entrepreneurs and startups in the digital economy. This initiative is a major push towards a tech-driven future.

• Learn more at: boi.ng/iDiCE

5. Skill-Up Artisans Programme (SUPA)

SUPA is designed to enhance the skills of local artisans, providing them with modern techniques, tools, and training to improve their craftsmanship and competitiveness in the local and global markets.

• Apply here: SUPA.itf.gov.ng

6. Nigerian Youth Academy (NIYA)

The Nigerian Youth Academy focuses on youth development through leadership training, capacity-building programs, and empowerment workshops aimed at nurturing the next generation of Nigerian leaders.

• Register at: NIYA.ng

7. National Youth Talent Export Programme (NATEP)

NATEP is a unique initiative aimed at identifying and nurturing talented Nigerian youth, providing them with opportunities to showcase their talents globally in various fields such as sports, arts, and entertainment.

• More information at: natep.gov.ng

8. Micro and Small Business Loans

This initiative provides financial assistance to micro and small businesses to help them scale their operations, increase productivity, and contribute to Nigeria’s economic growth. It includes low-interest loans and flexible repayment terms to support entrepreneurship.

• Apply at: boi.ng/micro-business

9. Housing Initiatives

The Federal Government offers various affordable housing programs to address the housing deficit in the country. These initiatives aim to provide low-cost housing units for Nigerians, particularly targeting low and middle-income earners.

• Explore opportunities at: fha.gov.ng/ongoing-projects or renewedhopehomes.fmhud.gov.ng

10. NDDC Internship Scheme

The NDDC Internship Scheme provides recent graduates with opportunities for hands-on experience in various sectors. It’s an excellent way to gain practical skills and increase employability in a competitive job market. (Note: Registration closes on 31/8/24)

• Register at: nyis.nddc.gov.ng

11. Nano-Business Support

This initiative supports small-scale businesses by providing funding, mentorship, and training, and also offers guidance on legitimate ways to migrate (JAPA) for better opportunities.

• More details at: tucnigeria.org.ng

12. National Youth Investment Fund (NYIF)

The NYIF is designed to provide financial investment to youth-owned businesses across Nigeria, helping young entrepreneurs access the capital needed to grow their enterprises and contribute to the economy.

• Apply at: fmyd.gov.ng/nyif_application

13. FGLOAN - Presidential Loan

The FGLOAN offers access to various loan products under the Presidential Initiative, providing financial support for personal development, business expansion, and other ventures.

• Visit: loan.fedgrantandloan.gov.ng

These initiatives represent the government’s commitment to supporting its citizens and fostering a vibrant, inclusive economy. Whether you're a student, entrepreneur, artisan, or youth, there is a program tailored to help you achieve your goals. Visit the respective websites to apply or learn more about how these opportunities can benefit you.

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