![\"List](\"https:\/\/nigerianfinder.com\/wp-content\/uploads\/2021\/12\/List-of-Intervention-Funds-in-Nigeria.jpg\")
<\/p>\nIntervention funds are efforts of the government or authorized institutions at achieving a range of goals such as promoting economic growth, employment creation, raising or reducing prices, addressing market failures, or promoting income inequality. There are several intervention funds in Nigeria that come as equities or as loans to eligible members of the country.<\/p>\n
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This is a list of intervention funds in Nigeria<\/p>\n
This is one of the Federal Government’s attempts at assisting and supporting the growth of agricultural business and small\/medium enterprises (SME’s) in Nigeria directed at driving sustainable economic development and job creation by providing qualified citizens with affordable non-collateral loans. The AGMEIS disburses funds to individuals that successfully obtained training with the NISRAL Microfinance Bank certified Educational Development Institute(EDI) and their applications accessed according to program guidelines. The sectors that benefit from the AGMEIS loans include; agriculture, health, ICT, creative industry, services and production, and manufacturing. The maximum facility amount is NGN 3,000,000 with a repayment period of 36 months, at an interest rate of 5% per annum.<\/p>\n
This is an intervention fund that is intended to spur economic activity in the small\/medium enterprises (SME’s) sub-sector by the provision of subsidized loans at an inclusive rate of 9% per annum. Limited liability companies, enterprises, and cooperatives in Nigeria are the target market that is eligible for the FGN Special Intervention Fund as this sub-sector is recognized as a major driver of industrialization and the creation of wealth and job opportunities. The program fund limit is NGN 5.0 billion with a single obligor limit of NGN 20million with loan tenor determined by the company’s cash flow in line with Bank of Industry (BOI) standard practice.<\/p>\n
The NYIF is an initiative of the Federal Government that is focused on investing in youth ideas in a bid to conceive sustainable businesses that can increase job creation and stimulate enterprise in the country. The NYIF is targeted at persons within the age range of 18 and 35, aimed at providing enhanced access to finance to youths and youth-owned ventures for national development, training to develop managerial potential, and creation of job opportunities to curb youth restiveness. After training with a \u00a0Federal Ministry of Youth & Sports Development (FMYSD) certified Entrepreneurship Development Institute(EDI), approved applicants get funded after due assessment in line with the Risk Assessment Criteria and program guidelines. Individuals\/unregistered businesses are eligible for NGN 250,000 and registered business NGN 3 million, up to NGN 25 million based on the cash flow of the business, on an all-inclusive interest rate of 5% per annum. The maximum loan tenor is five years.<\/p>\n
This is an intervention fund by the Bank of Industry (BOI) aimed at improving the aviation industry by providing credit to airlines, developing electric power projects, and improving electricity supply, creating jobs, and enhancing living standards through the consistent electricity power supply. The provision of avenues of private sector investment in the aviation and power sector is yet another objective it the CBN Power and Airline Fund.<\/p>\n
This is intended to facilitate the development of the manufacturing sector of the economy by providing access to finance for manufacturers, as well as improving the financial positions of Deposit Money Banks. The Fund also seeks to diversify its revenue base, increase foreign exchange returns and ensure the provision of relevant inputs required for the industrial sector.<\/p>\n
The Federal Ministry of Women Affairs and Social Development introduced the Business Development Fund for Women targets women-owned businesses in the following sectors; manufacturing, solar industries, trading in locally produced goods, and service industries with relevance to the manufacturing sector. The BUDFOW provides affordable loans of NGN 50 million maximum limit for asset acquisitions only.<\/p>\n
This Fund is targeted at micro, small and medium enterprises in the following categories, agricultural value chain, renewable energy, trade and general commerce, services, and artisans. The CBN partners with Participating Financial Institutions (PFIs), Deposit Money Banks (DMB), Bank of Industry, and Bank of Agriculture in the disbursement of this fund. The interest rate is fixed at 9% per annum.<\/p>\n
This Fund targets farmers and agro-allied processors to enhance their productivity in the thirty-six states by the disbursement of credit, implementing, and monitoring projects. The Bank of Industry is the designated custodian of the Fund and collaborates with the Federal Ministry of Agriculture and Rural Development in policy implementation.<\/p>\n
This Cassava Bread Fund sets out to provide equipment and working capital for master bakers and high-quality cassava floor processors across Nigeria to stimulate transformation in the agricultural business sector, which consequently cut down on food importation expenditures in the country. This Fund is set to achieve gradual replacement of wheat flour with cassava flour up to 20%, generate job opportunities in the cassava value chain, and optimize resource use.<\/p>\n
This Fund specifically caters to the development of the cement sector. Companies in the cement sector are eligible to receive a disbursement from the Bank of Industry towards facilitating growth in the industry.<\/p>\n
The Federal Ministry of Agriculture and Rural Development in conjunction with the Bank of Industry seek to utilize the Rice and Cassava Fund in the establishment of ten medium scale rice mills and six high-quality cassava flour mills across several states that include, Kano, Kogi, Kebbi, Zamfara, Bayelsa, Bauchi, Benue, Ogun, Anambra, Abia, Nasarawa, Delta and Cross River States. The Fund’s projection is in job creation and economic empowerment of the citizenry, foreign exchange savings, and facilitation of agricultural activities.<\/p>\n
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Intervention funds are efforts of the government or authorized institutions at achieving a range of goals such as promoting economic … <\/p>\n