Complete List of Ongoing Nigerian Federal Government FGN and CBN Loans and Grants For 2023. 

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As the Nigerian economy continues to evolve and grow, the Federal Government of Nigeria (FGN) and the Central Bank of Nigeria (CBN) play crucial roles in providing financial support to various sectors and individuals through loans and grants. These initiatives aim to stimulate economic development, empower small businesses, foster entrepreneurship, and address social welfare concerns. 

In this article, we present a comprehensive overview of the ongoing FGN and CBN loans and grants for 2023. By understanding these programs, eligible individuals, businesses, and organizations can leverage these opportunities to access financial resources and contribute to Nigeria’s economic progress. Let’s explore the diverse range of loan and grant programs offered by the FGN and CBN that can positively impact various sectors of the Nigerian society in the coming year.

CBN Anchor Borrowers Programme (ABP)

The CBN Anchor Borrowers Programme (ABP) provides loans to smallholder farmers in Nigeria to facilitate their access to finance, improve agricultural practices, and enhance their productivity and income.

Under the ABP, eligible smallholder farmers are organized into groups or cooperatives known as Anchor Borrowers’ Groups (ABGs). These ABGs act as intermediaries between the CBN, participating financial institutions, and the individual farmers. The ABGs are responsible for identifying, registering, and validating farmers who meet the program’s criteria.

The primary objective of the CBN Anchor Borrowers Programme is to create a linkage between anchor companies (processors, aggregators, and off-takers) and smallholder farmers. The anchor companies provide the necessary input, such as improved seeds, fertilizers, and other farm implements, to the farmers. In return, the farmers commit to delivering their produce to the anchor companies at agreed prices.

The CBN provides financing for the ABP through participating financial institutions, such as commercial banks, microfinance banks, and other development finance institutions. These financial institutions disburse the loans to the farmers, ensuring proper utilization of the funds and adherence to the program guidelines.

The ABP loans are granted at low-interest rates and with flexible repayment terms to accommodate the farmers’ cash flow dynamics. The loans cover various agricultural activities, including crop production, livestock farming, fisheries, and agro-processing. The funds can be used for land preparation, purchase of inputs, hiring of labor, and other operational expenses required for the farming activities.

Through the ABP, the CBN aims to address the challenges faced by smallholder farmers, such as limited access to finance, low productivity, and post-harvest losses. By providing financial support and promoting best agricultural practices, the program contributes to food security, job creation, rural development, and economic growth in Nigeria.

To participate in the CBN Anchor Borrowers Programme, farmers must meet certain eligibility criteria, which may include having a valid Bank Verification Number (BVN), having a viable farm project, and being part of a registered Anchor Borrowers’ Group. Farmers can approach their participating financial institutions or relevant agricultural development agencies to obtain more information and initiate the application process.

The CBN Anchor Borrowers Programme has been instrumental in transforming the agricultural sector in Nigeria, empowering smallholder farmers, and enhancing food production. It serves as a catalyst for economic development, poverty reduction, and sustainable rural livelihoods. As the program continues in 2023, it is expected to create more opportunities for farmers, foster agribusiness growth, and contribute to Nigeria’s economic diversification agenda.


CBN Commercial Agriculture Credit Scheme (CACS)

Through the CACS, eligible farmers, agribusinesses, and agricultural enterprises involved in primary production, processing, storage, and marketing of agricultural commodities can access funds from participating financial institutions. These financial institutions, including commercial banks, microfinance banks, and development finance institutions, serve as intermediaries between the CBN and the borrowers.

The primary objective of the CACS is to boost food production, promote agribusiness development, and create employment opportunities within the agricultural value chain. To achieve this, the scheme offers loans at favorable interest rates, enabling borrowers to invest in various aspects of their agricultural operations. These include land acquisition, farm inputs, machinery and equipment, working capital, and infrastructure development.

The CBN has designed the CACS to cater to the diverse needs of different agricultural segments. This includes crop production, livestock farming, poultry, aquaculture, horticulture, and agro-processing. By providing financial support and encouraging investments in these areas, the CACS contributes to increased productivity, expanded production capacity, improved value addition, and better market access for agricultural products.

To access the CACS, interested individuals, farmers, and agribusinesses must meet specific eligibility requirements. These typically include having a viable business plan, proper documentation, and collateral, where applicable. The loan application process involves submitting the necessary documents to the chosen financial institution, which then assesses the application before forwarding it to the CBN for final approval.

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The CACS has played a significant role in bridging the financing gap in the agricultural sector, empowering farmers and agribusinesses to grow their operations and contribute to the nation’s food security. By promoting inclusive growth and sustainable development, the scheme supports the government’s efforts to diversify the economy and reduce dependence on oil revenue.

As the CBN continues to prioritize agricultural development through the CACS in 2023, it is expected to unlock more opportunities for farmers and agribusinesses across the country. The scheme will stimulate increased agricultural investments, enhance job creation, and improve income levels within the sector. Ultimately, the CACS contributes to Nigeria’s overall economic growth by leveraging the potential of the agricultural sector as a driver of prosperity and sustainable development.


CBN Micro, Small and Medium Enterprises (MSMEs) Development Fund (MDF)

The CBN Micro, Small and Medium Enterprises (MSMEs) Development Fund (MDF) is a specialized initiative introduced by the Central Bank of Nigeria (CBN) to provide financial support and promote the growth of micro, small, and medium-sized enterprises in the country. As part of the ongoing Nigerian federal government (FGN) and CBN loans and grants for 2023, the MDF aims to address the financing challenges faced by MSMEs and facilitate their contribution to economic development.

The MSMEs sector is recognized as a vital engine for job creation, poverty reduction, and inclusive economic growth. However, MSMEs often struggle to access affordable financing due to factors such as limited collateral, high interest rates, and inadequate business support. The CBN MDF seeks to bridge this gap by providing accessible and low-cost funding to eligible MSMEs across various sectors.

The MDF offers financial assistance to MSMEs through Participating Financial Institutions (PFIs) such as commercial banks, microfinance banks, and specialized development finance institutions. These institutions serve as intermediaries between the CBN and the MSMEs, facilitating the disbursement and management of funds.

The key objectives of the MDF include increasing the productivity and competitiveness of MSMEs, stimulating job creation, fostering entrepreneurship, and facilitating economic diversification. The fund provides financing for a wide range of activities, including working capital, equipment purchase, capacity building, research and development, and infrastructure development.

To access the MDF, MSMEs need to meet certain eligibility criteria, which may vary based on the requirements of the participating financial institutions. Typically, businesses must be registered with the Corporate Affairs Commission (CAC), demonstrate good corporate governance practices, and have viable business plans. The loan application process involves submitting necessary documents, including business registration certificates, financial statements, and loan proposals, to the chosen PFI.

The MDF offers favorable terms and conditions to borrowers, including lower interest rates and longer repayment periods, compared to conventional loans. This helps to reduce the financial burden on MSMEs and enhance their capacity to grow and thrive. Additionally, the fund provides non-financial support, such as business development services, mentorship programs, and capacity-building initiatives, to empower MSMEs with the skills and knowledge needed for sustainable success.

Through the MDF, the CBN aims to foster a conducive environment for MSMEs to thrive and contribute significantly to job creation, wealth generation, and poverty alleviation. By addressing the financial constraints faced by MSMEs, the fund promotes inclusive economic growth, reduces income inequality, and enhances the resilience of the Nigerian economy.


FGN Special Intervention Fund (SIF)

The SIF is one of the ongoing Nigerian federal government (FGN) and Central Bank of Nigeria (CBN) loans and grants for 2023, designed to provide targeted financial support and interventions in strategic areas.

The primary objective of the FGN Special Intervention Fund is to address specific socio-economic issues, stimulate growth, and improve the well-being of Nigerian citizens. The fund is channeled towards priority sectors such as agriculture, healthcare, education, infrastructure development, job creation, and empowerment programs. It aims to provide financial resources and implement interventions that have a significant impact on the targeted beneficiaries and contribute to overall national development.

The FGN Special Intervention Fund operates through various agencies and ministries responsible for the specific sectors being addressed. These agencies are entrusted with the management and disbursement of funds in line with the government’s goals and objectives. The fund utilizes a strategic approach to identify key areas in need of intervention, assess the challenges, and implement appropriate programs and projects to drive positive change.

The interventions under the FGN Special Intervention Fund can take various forms, including grants, loans, scholarships, training programs, infrastructure projects, healthcare initiatives, agricultural schemes, and other welfare programs. The aim is to provide financial assistance, resources, and support to individuals, communities, and organizations that require assistance to overcome specific challenges and enhance their socio-economic well-being.

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The fund incorporates rigorous monitoring and evaluation mechanisms to ensure transparency, accountability, and efficient utilization of resources. This helps to track the progress and impact of the interventions, identify areas for improvement, and make necessary adjustments to maximize the effectiveness of the fund.

The FGN Special Intervention Fund plays a crucial role in addressing pressing societal needs, promoting inclusive development, and improving the living standards of Nigerians. By strategically allocating resources to critical sectors, the fund aims to drive economic growth, create employment opportunities, enhance access to quality education and healthcare, and upgrade infrastructure across the country.

The success of the FGN Special Intervention Fund relies on collaboration between the government, relevant agencies, private sector partners, and other stakeholders. Through effective coordination and partnership, the fund can leverage diverse expertise, resources, and networks to achieve its objectives and ensure sustainable socio-economic development.

FGN National Social Investment Programme (NSIP)

As one of the ongoing Nigerian federal government (FGN) and Central Bank of Nigeria (CBN) loans and grants for 2023, the NSIP is designed to provide various forms of support and assistance to improve the well-being and livelihoods of the Nigerian population.

The FGN National Social Investment Programme encompasses a range of interventions targeting different sectors and segments of society. These interventions include:

  1. N-Power: This component focuses on providing job opportunities and skills acquisition training for unemployed Nigerian youth. Through the N-Power programme, participants are engaged in various sectors such as education, agriculture, health, and technology, gaining valuable skills and experience while earning a stipend.
  2. Conditional Cash Transfer (CCT): The CCT component aims to provide direct financial assistance to the most vulnerable households in Nigeria. It involves the transfer of cash to identified beneficiaries, usually women, to alleviate poverty and enhance their standard of living.
  3. National Home-Grown School Feeding Programme (NHGSFP): The NHGSFP is designed to improve the nutrition and health of primary school children by providing them with nutritious meals during school hours. The programme also has the added benefit of boosting local agriculture and stimulating economic activities within the communities.
  4. Government Enterprise and Empowerment Programme (GEEP): GEEP is an initiative that focuses on providing microcredit loans, grants, and other forms of support to small and medium-scale businesses, artisans, and traders. It aims to enhance financial inclusion, promote entrepreneurship, and facilitate economic growth and empowerment.

The FGN National Social Investment Programme operates under a robust framework that ensures transparency, accountability, and effective implementation. It leverages technology, data management systems, and partnerships with relevant stakeholders to identify and reach the intended beneficiaries, monitor progress, and evaluate the impact of the interventions.



What is the ongoing federal government grant in Nigeria 2023? 

As of now, specific information about ongoing federal government grants in Nigeria for 2023 has been listed above. The availability and details of government grants can vary from year to year, and it’s recommended to stay updated with official government announcements, publications, and websites for the latest information on grants.

Is there any grant money available in Nigeria? 

Yes, there are various grant opportunities available in Nigeria. The federal government, state governments, non-governmental organizations (NGOs), and international agencies often offer grants to support various sectors such as agriculture, education, entrepreneurship, healthcare, and more. It is advisable to research and explore official government websites, grant databases, and funding portals to discover current grant opportunities in Nigeria.

Is CBN giving out loans? 

Yes, the Central Bank of Nigeria (CBN) implements various loan schemes and programs to support economic development and financial inclusion. These programs include the Anchor Borrowers Programme (ABP), Commercial Agriculture Credit Scheme (CACS), Micro, Small and Medium Enterprises Development Fund (MSMEDF), and other targeted initiatives. Eligible individuals and businesses can access loans through participating financial institutions and follow the application processes outlined by the CBN.

How to get money from federal government in Nigeria? 

To access funds from the federal government in Nigeria, individuals and businesses can explore several avenues such as government grants, loans, and support programs. The specific procedures and requirements vary depending on the purpose and nature of the funding. It is advisable to monitor government announcements, visit official government websites, and consult relevant ministries or agencies responsible for specific programs to understand the application processes and eligibility criteria.

How can I apply for CBN collateral-free loan? 

The CBN offers collateral-free loans through various schemes like the Agri-Business/Small and Medium Enterprises Investment Scheme (AGSMEIS) and other targeted initiatives. To apply for a collateral-free loan, individuals and businesses need to meet the eligibility criteria specified by the respective loan program. 

Typically, applicants are required to submit their business plans, relevant documents, and complete application forms available through participating financial institutions. It is recommended to visit the CBN’s official website or reach out to participating banks for detailed guidelines and procedures related to collateral-free loan applications.


In conclusion, the ongoing Nigerian Federal Government (FGN) and Central Bank of Nigeria (CBN) loans and grants for 2023 are essential initiatives aimed at promoting economic growth, poverty reduction, and social development in Nigeria. These programs reflect the government’s commitment to addressing the diverse needs of its citizens, fostering entrepreneurship, and providing financial support to various sectors

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