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2022 National Social Empowerment Program (NSEIP) | Applications Begin for Nigerians

The National Social Empowerment scheme in Nigeria is a grand attempt to provide microfinance and complementary economic services through social Empowerment systems. The objective of this programme is to provide small loans and grants to small-scale traders, students, youths or artisans, groups that usually cannot access loans or credit through banks and traditional financial institutions.

It was created to provide zero-collateral soft loans to individuals, traders, artisans and farmers, aiming to improve their standards of living by expanding their businesses.

Target And Disbursement

  • The NSEIP is targeted at benefitting a minimum of 500,000 Micro, small and medium enterprises on its first run.
  • The program was designed to fund the smallest of these MSMEs, who rarely have the means to access credit from banks or other traditional means.
  • This procedure reduced inaccessibility to the credit to the barest minimum.

Eligibility Criteria

  1. Government issued ID
  2.  National Identification Number
  3. Applicant must be within the age of 18-55
  4. Applicant must be a resident of Nigeria.
  5. Applicant must possess a functional commercial bank account in Nigeria.

Click here to apply: http://nseip.com/apply/

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