Business & Financing

The Nigeria Consumer Credit Corporation (CrediCorp) is a company owned by the Federal Government of Nigeria. CrediCorp has one mission: to accelerate consumer credit access to 50% of working Nigerians by 2030. CrediCorp achieves this mission by:
A) fixing the structural barriers to accessing consumer credit in Nigeria.
B) catalysing the market with capital, guarantees, and policy.
CrediCorp including its consumer credit guarantee fund, works closely with the Central Bank of Nigeria, the financial sector, identity management, credit registries, fintechs, consumer protection, and policy makers on this mission.
The CrediCorp business is focused on the following:
Strengthening Nigeria’s credit reporting systems, ensuring every economically active citizen has a dependable credit score. This score becomes personal equity they build, facilitating access to consumer credit.
Offering credit guarantees and wholesale lending to financial institutions dedicated to broadening consumer credit access today.
Promoting responsible consumer credit as a pathway to an improved quality of life, fostering a cultural shift towards growth and financial responsibility.

Grow your business with NMFB, your true MSME partner

The Federal Executive Council has granted its consent for the disbursement of N60 billion from the Central Bank of Nigeria via the Agric Small and Medium Enterprises Investment Scheme to boost small business growth, particularly among young entrepreneurs nationwide.

Applications for Grants and Loan  is now open

The grant sum is N50,000.00 (Fifty Thousand Naira) per beneficiary, and it is designed to reach one million nano businesses in the 774 local government areas. The Federal Government will collaborate with the State Governments, Honourable Ministers, NASME (Nigerian Association of Small and Medium Enterprises), Senators, and House of Representative Members, who will use the Federal Government’s selection criteria below to shortlist the beneficiaries from their constituents. The target beneficiaries are 70% women and youth, 10% people with disabilities, and 5% senior citizens, while the remaining 15% is distributed to other demographics.

Nigerian Education Loan Fund

The Federal Government of Nigeria through the Student Loan Initiative strives to revolutionise higher education accessibility in Nigeria by providing interest-free loans to eligible students, thereby breaking down financial barriers and empowering Nigerians to pursue their academic aspirations.