How to Apply for NESP Loan & Get ₦4.5m Grant www.boi.ng

NESP loan/grant is a true program perhaps you might be seeking a step-by-step instructional guide on how to apply for the current Federal Government NESP loan program. All that I will advise you is to read through this article and you will get a step-by-step guide to follow.

First, the purpose of establishing the Nigeria Economic Sustainability Plan (NESP) is to encourage the growth of both small and major businesses to expand the Nigerian economy. The federal government approved the USD 5.9 billion (NGN 2.3 trillion) NESP as part of the Covid-19 recovery strategy to boost and diversify the economy, preserve and create jobs, and provide protection for the underprivileged.

This program is expected to directly engage 100,000 MSMEs in the production sector alone, and it was expected to save at least (1.3 million) 1,300,000 jobs from crashing which will in turn reduce unemployment in the country.

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How to Apply for NESP Loan & Get ₦4.5m Grant

NESP loan application follows a strict process of verification of data supplied by Applicants to avoid giving resources to the wrong people who will not use the money for the vision of the program. Hence NESP has in place some specific requirements for applicants to have before or while applying. These requirements are as follows:

First and foremost, every Applicant must be 18 years old, must have a viable business, and of a Nigerian citizen. Other requirements are:

• Applicant must have a registered business name
• Applicant must provide their Business Registration Number ( RC or BN)
• Applicant must supply the state in which the business operates within Nigeria
• You must be specific on the type of Business you operate
• You must state the age of your Business(that is years of excitant)
• You must provide a valid mobile Number

How to Benefit from the NESP Program

The first step to take to be able to acquire a loan and especially the NESP government loan, you must first register for an account on the Bank Of Industry website www.boi.ng

The next step after you must have created an account  on the Bank Of Industry website is for you to visit the Bank Of industry registration portal at www.apply.boi.ng/register for you to register

You will be expected to provide the following accurate information which will be verified by the Bank Of Industry. The information includes:

• Your Business Name
• Your valid Phone number
• Your Full Name starting with your surname
• Your active Email with which correspondence will be sent to you
• You will provide the full details of your Business premises you operate from
• You make known the type of entity you are into
• You specify if you are registered with CAC? (This might not be necessary. However, it might make your application score high and could help facilitate your loan application process)
• You will require to supply valid Business Owner Information
• Your Office address will also be required

Conclusion

Looking through this article, We can only implore you to register your business so that you can also benefit from loans and investments as thousands of other Nigerians are already have a good take to standardize their businesses or upscale their businesses.