Last month, the Federal Government of Nigeria released instructions on how to access the N75 billion Micro, Small and Medium Enterprises (MSME) Survival Fund. The loan, provided under the Nigeria Youth Investment Fund (NYIF), has an interest rate of 5% per annum and maturity of 5 years with a moratorium of up to a year.
The program took effect from September 21, 2020. This fund is part of the N2.3 trillion stimulus package of the Nigerian Economic Sustainability Plan. The links are now live (the sites are crashing due to traffic; so, patience please. Update: They have pulled them down with “coming soon”. But according to the youth minister, the links are below.):
- NIRSAL Microfinance Bank’s site, www.nmfb.com.ng;
- Ministry’s website, www.youthandsport.gov.ng
#1. Advance your career, run your business better with Tekedia Mini-MBA (Sep 12 – Dec 3, 2022): cost is N60,000 naira ($140). Click and register here.
#2. Click here and register for Tekedia Startup Masterclass and master business secrets from start-up to unicorn. Cost is N180,000 naira ($400).
#3. Click here to join Tekedia Capital Syndicate and own a piece of Africa’s finest startups with small investment.
Tekedia Mini-MBA (Sep 12 – Dec 3 2022) has started; registration continues. Register here. Cost is N60,000 or $140 for the 12-week program. Beat early bird for free books and other bonuses.