For business owner who plan on accessing loans either from the government or commercial banks, here are some of the essential requirement: 1. Registered Business Name: this implies that your business name must be registered by the Corporate Affairs Commission (CAC). This shows that your company is legally recognised and also has clearly defined scope of business. This is a major requirement for any kind of business loan including Agriculture loans 2. Corporate Accounts: having a bank account for your company that is different from your personal account can so it makes it easier for the bank giving the loan. As it becomes easier for them to track the cash flow the business. Although, there can be some exemption to this depending on the terms of the financial institution. But if you're planning on getting  a sizeable amount of business loan  either from the government or commercial banks in the nearest future it is advisable to open a corporate account for your...

The Nigeria Incentive-Based Risk Sharing system for Agricultural Lending ( NIRSAL ) Microfinance Bank has an ongoing low interest rate credit scheme called AGSMEIS . What is AGSMEIS ? The Agri-Business/Small and Medium Enterprise Investment Scheme is an initiative to support the Federal Government's efforts and policy measures for the promotion of agricultural businesses and small/medium enterprises (SMEs) as vehicles for sustainable economic development and employment generation A) Eligible industries 1)Creative & Art industries 2)Fashion, Beauty 3)Apparel & Textile 4)Arts & Entertainment 5)Industrial & Manufacturing 6)Agriculture & Allied Processing 7)Automobiles 8)Information & Communication Technology 9)Telecommunication 10)Media & Publishing 11)Hospitality 12)Catering & Event Management B) How Does It Work? Step 1: Get Trained Attend a compulsory training with a CBN certified Entrepreneurship Development Center...