The Agri-Business/Small and Medium Enterprise Investment Scheme is an initiative to support the Federal Government’s efforts and policy measures for the promotion of agricultural businesses and small/medium enterprises (SMEs) as vehicles for sustainable economic development and employment generation.
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Eligibility requirement: Get trained by first
Get trained by first selecting a CBN-Certifed Entrepreneurship Development Institute (EDI) to guide you through the loan application process and ensure that all your documents are complete.
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Step 1Get Trained
Attend compulsory training with a CBN-certified Entrepreneurship Development C
enter (EDC).
Step 2Apply For Loan
The Entrepreneurship Development Institute (EDI) guides and assists you in getting all necessary documents required to secure the loan.
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Step 3Receive Funds
Loans are paid into the account of beneficiaries. Unqualified candidates are given feedback.
Step 4Get Business Support Services
The Entrepreneurship Development Institute assists you to implement a business plan and provide business support services commercially.
Step 5Make Sales
Sell products and services to pay back loans and make a profit.
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Step 6: Repay Loan
Run your business, keep proper records, monitor sales, and expenses to maximize profit and pay back the loan.
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For more information and the application process, visit their official website.
Bukola Owo-Bello is a spirited storyteller, content creator and YouTuber who loves sharing amazing opportunities, inspiration, and ideas with forward-thinking African youths.
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