FG ₦4.5m NESP Loan: Apply for FG ₦4.5m NESP Loan – The Central Bank of Nigeria introduces the FG ₦4.5m NESP Loan in Nigeria as a whole for interested and qualified individuals and its sole aim is to drastically reduce the rate of the unemployed individual in the country.
The Nigeria Economic Sustainability Plan (NESP), in partnership with the Nigerian federal government ₦4,500,000 loan through the Bank Of Industry.
This article contains all information about the FG ₦4.5m NESP Loan so seat back and read this article carefully before applying.
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About Nigeria Economic Sustainability Plan (NESP)
The program, which is being implemented under the Nigerian Economic Sustainability plan, targets the installation of solar home systems for up to 5 million households, serving about 25 million individual Nigerians who are not currently connected to the national grid.
And is also designed to promote the development of small and large enterprises to grow the Nigeria Economy.
NESP Loan Requirements
Meeting the requirement is the best because it will give you an upper hand over those applying for the program with you, The FG ₦4.5m NESP Loan requirement is carefully listed for you below;
- Applicants must have A registered business name
- Your Business Registration Number ( RC or BN)
- State in which the business operates
- Type of Business
- Age of Business(Number of years of operation)
- Phone Number and your government name.
NESP Loan Application Processes: How to Apply Through the Bank Of Industry
The BOI loan is a governmental loan and I will love all interested individuals to apply for it, that’s why am giving you the steps on how to apply or register;
- visit https://apply.boi.ng/register and register
- read the “Eight (8) things you should know
- Then commence your application on this platform carefully
- Then select if your business is registered or not.
- Select the amount you need and also the sector then proceed.
The below information will be required to continue the registration. Ensure you provide accurate information.
- Business Name
- Phone number
- Full Name
- Business premises you operate from
- Type of entity
- Are you registered with CAC? (This is not required. However, it will help facilitate your loan application process)
- Business Owner Information
- Office address
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Frequently Ask Questions(FAQ)
The NESP will be funded as follows:
- 500 billion Naira from Special FGN Accounts
- 1.1 trillion Naira from the CBN in the form of structured lending
- 334 billion Naira from external bilateral/multilateral sources
- 302.9 billion from other funding sources
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