NMFB NON-INTEREST AGSMEIS: How to Access up to 3 Million Naira CBN Loan Without Collateral

NMFB NON-INTEREST AGSMEIS: How to Access up to 3 Million Naira CBN Loan Without Collateral

We are excited to inform you that The Central Bank of Nigeria is giving collateral-free loans of up to N3,000,000 (Three million Naira) to small businesses in a scheme called; Agric-Business/Small and Medium Enterprises Investment Scheme (AGSMEIS).


The Scheme supports government policy measures for the promotion of agricultural businesses, and micro, small and medium enterprises (MSMEs) as vehicles for sustainable economic development and employment generation.

Objectives of the Scheme

To improve access to affordable and sustainable finance by Agribusinesses, Micro, Small, and Medium Enterprises (MSMEs).

Create employment opportunities in Nigeria.

Boost the managerial capacity of agri-businesses and MSMEs to grow the enterprises into large corporate organizations in line with the Federal Government’s agenda to develop the real sector and promote inclusive gbusinesses

Eligible sectors/businesses

Agriculture & Agro-allied Processing

Art & Entertainment

Automobile Services

Fashion and Dressmaking

Catering & Event Management

Courier & Delivery Services

Creative Industry

Apparels and Textiles


Cottage Industry





Health Servmaking

Welding and fabrication

Animal Husbandry

Cosmetics, Beauty, and Makeup Artistry

Electrical and Electronics

POP and Tiling



Kerbs and Electric Pole making


Financing under the Scheme shall be for start-ups, business expansion, or revival of ailing companies. The terms of the loans shall be as follows:

Loan amount: Up to N3,000,000

Interest: 5% per annum for regular and 0% for non interest AGSMEIS

Tenor: Up to 7 years (depending on nature/gestation period of the project)

Moratorium: Maximum of 18 months for principal and 6 months on interest.

To access the AGMEIS loan, there are some conditions that must be met:

Interested Applicants must undergo training by a CBN-certified Entrepreneurship Development Institution (EDI)

Interested Applicants will apply for the loan through the CBN-accredited EDI

The application will then be sent to CBN through NIRSAL MFB by the EDI, for processing.

Those qualified will be contacted and given the loan.

Fill clearly the form with all the details required, sign it, and get them authenticated by the EDI.

Requirements either during the application or before final approval/disbursement


Certificate issued by a CBN-certified EDI

Details of two (2) Guarantors

Valid ID card

A Business Plan provided by the EDI

Apply here: https://nibloans.nmfb.com.ng/agsmeisnoninterestlending

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