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.
Step 1Get Trained
Attend compulsory training with a CBN-certified Entrepreneurship Development Center (EDC).
Step 2Apply For Loan
The Entrepreneurship Development Institute (EDI) guides and assists you in getting all necessary documents required to secure the loan.
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.
Step 6: Repay Loan
Run your business, keep proper records, monitor sales, and expenses to maximize profit and pay back the loan.
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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