• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Financial Literacy

How to apply for CBN’s AGSMEIS loans with no collateral

Ubah Jeremiah Ifeanyi by Ubah Jeremiah Ifeanyi
September 19, 2022
in Financial Literacy, Small Business
How to apply for CBN's AGSMEIS loans with no collateral.
Share on FacebookShare on TwitterShare on Linkedin

Nigerian entrepreneurs can now receive a zero collateral loan administered by the Central Bank of Nigeria with just a little training and enthusiasm. Over N95 billion has been disbursed and this is still ongoing, so you should check to see if this loan is right for you.

The Agri-business/Small and Medium Enterprise Investment Scheme (AGSMEIS) is a government-led initiative to promote agricultural companies and small/medium enterprises (SMEs) as vehicles for long-term economic development and job creation in Nigeria.

This means that the zero collateral loans are primarily intended for micro, small, and medium-sized businesses (MSMEs) in order to boost employment and promote sustainable economic growth in the Nigerian economy.

RelatedStories

CBN, MPC

CBN opens application for Knowledge Acceleration Programme to shape future research priorities 

July 13, 2025
CBN, forex

June 2025 PMI: CBN warns of inflation as input costs outpace output prices

July 8, 2025

What you should know about CBN AGSMEIS loans

The CBN AGSMEIS loan offers up to N10 million to applicants with 9% yearly interest, a 7-year term, and an 18-month moratorium.

Businesses involved in all facets of the agricultural value chain, including as input supply, production, storage, processing, logistics, and marketing, are eligible for the CBN AGSMEIS loan. MSMEs in the manufacturing, mining, and petrochemical sectors of the real economy can also apply for the loan.

MSMEs in the service sector, particularly those in the creative sector and information and communication technology (ICT) and other activities that the Bankers’ Committee may occasionally decide on.

Requirements for CBN Loan AGSMEIS Approval 

The requirements are necessary either during the application or before the final approval of the CBN loan application and final disbursement of funds to an applicant.

  • Registered business with CAC
  • Certification by an EDI
  • BVN
  • Applicant’s Passport photo and a guarantor.
  • Valid I.D card

How to apply 

Training is the first step; interested people are required to take a course with an Entrepreneurship Development Institute that has been certified by NIRSAL MFB (EDI). You would receive a certificate for completing the program by attending a one (1) week mandatory training at the Oko-Oba Agege/EDI Centre of the Lagos State Ministry of Agriculture.

  • Applicants can apply for a loan online through the NIRSAL MFB’s portal after receiving training from the Entrepreneur Development Institute (EDI) in Lagos State and upload the received certificate of completion.
  • Once you visit NIRSAL MFB webpage (nmfb.com.ng)  click on AGSMEIS loan, then select Ministry of Agriculture as Entrepreneur Development Institute (EDI) to apply.
  • The applications will subsequently be forwarded to CBN for review. Applicants will be contacted for an interview about their business.
  • Those that meet the criteria will be contacted and awarded the loan.
  • Once the loan is granted, the monies will be transferred to the beneficiaries’ accounts. Candidates who are not qualified are provided comments.
  • Please note that the loan amount will be deposited into your NMFB account. Also, the purchase of your equipment(s)/machinery will be handled by one of the NMFB’s certified Vendors, while the working capital will be available for withdrawal through your account upon meeting all terms and restrictions.

Follow us for Breaking News and Market Intelligence.
Tags: AGSMEISCBN
Ubah Jeremiah Ifeanyi

Ubah Jeremiah Ifeanyi

For further inquiries about this article, contact: Email: Ifeanyi.ubah@nairametrics.com Twitter: @ubahjc Linkedln: Jeremiah Ubah

Related Posts

CBN, MPC
Financial Services

CBN opens application for Knowledge Acceleration Programme to shape future research priorities 

July 13, 2025
CBN, forex
Economy

June 2025 PMI: CBN warns of inflation as input costs outpace output prices

July 8, 2025
CBN, forex
Financial Services

CBN clarifies NRBVN charges, says BVN enrolment remains free for Nigerians in Nigeria 

July 7, 2025
CBN, forex
Breaking News

Court upholds CBN-backed NIBSS Authority to manage BVN Database nationwide 

July 4, 2025
CBN, forex
Financial Services

Credit to Private sector slips marginally to N77.83 trillion in May 2025 despite surging money supply 

July 3, 2025
CBN, forex
Financial Services

Nigeria’s FDI drops by 19% to $250 million in Q1 2025 – CBN 

June 27, 2025
Next Post
Financial security: How to crises-proof your finances and build wealth

Financial security: How to crises-proof your finances and build wealth

Comments 20

  1. Obasuyi Excel says:
    September 19, 2022 at 3:49 pm

    What of those that are not into agriculture?

    Reply
  2. Ruth Atabo says:
    September 19, 2022 at 8:17 pm

    Is training available in Abuja?

    Reply
    • Blessed Ekwueme says:
      September 21, 2022 at 6:14 pm

      What is fate of those staying outside Lagos? I’m in Port Harcourt. How do I partake in the training and what is the cost. Thanks so much for the opportunity.

      Reply
  3. Gbenga David says:
    September 19, 2022 at 8:37 pm

    Alright please what of the people are less privileged ,if they can’t able to meet up with the 1week training? Then , what of like us that as no money for The program? Because we know that the training is not buy Free,, thanks

    Reply
  4. Idoko matthew idoko says:
    September 20, 2022 at 4:59 am

    Is it only in Lagos can one be trained?

    Reply
  5. Idoko matthew idoko says:
    September 20, 2022 at 5:06 am

    How do I get contact and be enrolled in the Lagos State Entrepreneurship Dev centre?

    Reply
  6. Davou Edward says:
    September 21, 2022 at 10:02 am

    How can one get the contact of the EDI centre in Lagos? Thank you

    Reply
  7. sam says:
    October 10, 2022 at 9:49 am

    I think the interview should be made online for safety purpose.

    Reply
  8. Onyedika James Nwobodo says:
    March 5, 2023 at 6:29 pm

    I want a loan from cbn Nigeria

    Reply
    • Dibulo Anayo Peter says:
      December 27, 2023 at 4:40 pm

      I want to use it for business, provision and cusmetics

      Reply
  9. Adeniran Martins Adeniyi says:
    July 21, 2023 at 12:23 am

    What is the cost of one week training in Lagos

    Reply
  10. Umar Aliyu says:
    July 24, 2023 at 10:57 pm

    Is good

    Reply
  11. Israel Kingsley Tom says:
    July 28, 2023 at 10:25 am

    Am an agro business agent please I will be glad if am given an opportunity to excel

    Reply
  12. Chy Gloria says:
    August 18, 2023 at 9:13 pm

    For those of us that stays in Enugu state,how do we go about the training cause Lagos is too far so

    Reply
  13. Ahmed says:
    August 29, 2023 at 10:33 pm

    I’m here by requesting for a capital to continue my business

    Reply
  14. Ugwu Friday says:
    November 15, 2023 at 11:00 pm

    I am interested in loan

    Reply
  15. Ogunlola Tolani says:
    December 20, 2023 at 9:11 pm

    Thanks so much i am interested but how do i going to apply and how do i get CAC am from Saki west in Oyo state

    Reply
  16. Anayo dibulo peter says:
    December 27, 2023 at 5:02 pm

    I’m here by requesting for a capital to continue my business

    Reply
  17. Anayo dibulo peter says:
    December 27, 2023 at 5:08 pm

    I’m here by requesting for a capital to continue my business, here in hadejia new market in Gigawa my business name is provision and cusmetics

    Reply
  18. Grace Sunday says:
    February 1, 2024 at 9:57 am

    I like this app

    Reply

Leave a Reply Cancel reply

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

Emple
nlng
first bank








DUNS

Recent News

  • IGP to arraign Abu Arome, 3 Ghanaians over alleged company document forgery on July 16 
  • FG postpones emergency FEC meeting due to time conflict with state funeral for late President Buhari 
  • EKEDC, IKEDC, AEDC top remittance chart as DisCos pay N1.18 trillion in 2024 – NERC 

Follow us on social media:

Recent News

Federal High Court, REA

IGP to arraign Abu Arome, 3 Ghanaians over alleged company document forgery on July 16 

July 14, 2025
RIP Muhammadu Buhari: Nigeria never had it this bad 

FG postpones emergency FEC meeting due to time conflict with state funeral for late President Buhari 

July 14, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics