Central Bank of Nigeria (CBN) Loan 2024/2025 – Get Loan Today

Get your 2024/2025 loan from the Central Bank of Nigeria. During the pandemic, a lot of businesses suffered loss, closed down, lost revenue and some of them had to lay off workers. It is in line with this that CBN initiated several loan opportunities to Nigerian entrepreneurs, agricultural businesses,  farmers, small and medium scale enterprises e.t.c

The central bank for a long time has collaborated with the Nigerian federal government to solve the problem of lack of fund for business in Nigeria by entrepreneurs, small businesses, startups, Artesian, through the funding scheme they had put in place.

If you are still in doubt about the Central bank loan in Nigeria and ask these questions,  How do I get the NIRSAL CBN loan, how can I apply for CBN COVID- 19 loan, types of CBN loan in Nigeria. This article will provide answers to your different questions and give you tips on how to apply for the Central Bank of Nigeria loan.


Types of CBN loans


Agri- Business/Small and Medium Enterprise Investment Scheme is a collaboration between the Nigerian federal Government and CBN to promote agricultural business and small/medium enterprise


  • Business that are eligible for this loan are:
  • Creative/Art industries
  • Industrial/Manufacturing
  • Information/Communication Technology
  • Hospitality


  • Duly completed application form.
    •  Bank Verification Number (BVN).
    •  Certificate of Training from recognized Entrepreneurship Development Institution (EDI) or evidence of membership of organized private sector
    •  Letter of Introduction from any of the following, Clergy, Village Head, District Head, Traditional Ruler, senior civil servant, etc. (for individuals/ micro enterprises only).
    •  Evidence of registration of business name or certificate of incorporation and filing of annual returns (where applicable) in compliance with the provisions of the Companies and Allied Matters Act (1990).
    •  Tax Identification Number (TIN) and current Tax Clearance Certificate TCC) where applicable.
    •  To qualify to access this fund, you need to have been trained by an Enterprise Development Institute after which you will fill the form. They will submit your form to CBN.
    •  CBN will ask banks to verify your account details and then CBN proceeds to conduct its own assessment.


The Creative Industry and Financing Initiative is a loan for Nigerian entrepreneurs who are in the Creative industry.


Businesses that are eligible for this loan are:

  • Fashion
  • Information Technology
  • Movie Production
  • Movie Distribution
  • Music and
    Software Engineering
  • Student Loan


  • Registration with the Corporate Affairs Commission
  • Comprehensive business proposal – (Get Business Plan Template)
  • Clean Credit Bureau Report with no unpaid obligations
  • Satisfactory CRMS report of owners, sponsors and directors


  • Go to any bank of your choice to access the fund.
  • Tell your bank how much you need.
  • Your bank will discuss your request and provide you the money


The Micro, Small and Medium Enterprises Developed Fund was initiated to bridge the financial gap of MSMEs.


These two enterprises are eligible;

  • Micro Enterprises
  • Small and Medium Enterprises (SMEs)


  • SSCE
  • National Diploma (ND)
  • National Certificate of Education (NCE)
  • National Business and Technical Examination Board (NABTEB)
  • Higher National Diploma (HND)
  • University degree (NYSC Certificate where applicable) and a guarantor.
  • The start-ups to access the MSMEDF must present their Bank Verification Number (BVN).


  • The beneficiaries should apply to the nominated PFIs for financing.
  • The PFIs will then appraise the applications for economic and financial viability.
  • The PFIs will forward their applications through the State SPV to the CBN in the prescribed format.
  • CBN will undertake a pre-disbursement assessment of financing requests presented to it by the SPVs on behalf of the nominated PFIs.
  •  CBN will approve and disburse funds directly to the PFIs’ correspondent bank accounts. -inclusive rate of return of 9% per annum.

What to do when applying for a CBN loan

Here are some tips concerning the Central Bank of Nigeria loan

  • Submit your business plan online
  • Within three weeks, you will get a reply stating whether your business plan was accepted or not
  • You will be required to undergo a training program for a short period of time
  • After the training,  you will be certified. This certificate is an indication of qualification that gives you access to all grants or loan by government or private owned sector

Important: You should note that you cannot run a double Central Bank of Nigeria, CBN loan. You are advised to go for just one.

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