Are you wondering how you can participate and apply for the ongoing FGN Intervention Fund? Don’t worry because we’ve got you covered.

The FGN Intervention Fund is a programme by the Federal government of Nigeria to help Agribusinesses on both small and medium scale. The reason the federal government initiated this scheme, is to help promote agricultural businesses of both micros, small, and medium enterprises.

FGN Intervention Fund (AGSMEIS)

The Agri-Business Small and Medium Enterprises Investment Scheme (AGSMEIS) intervention fund is an intervention funding scheme initiated by the Federal Government and executed by the CBN. Meanwhile, the CBN through other banks executes the scheme.

There are several banks in Nigeria that help to execute these programmes. But today, we are going to talk about accessing the loan through the United Bank of Africa (UBA).

UBA SME Business account is in three (3) variants. They help you with the exact same help that your business help.  The UBA SME helps you achieve your business plans, dreams and goals. But you will have to Open A UBA Account.


  • Loan limit: N10Million(maximum)
  •  Interest Rate: 5% per annum
  • Tenor: 7 years.
  • Moratorium: Maximum of 18 months on Principal and 6 months on Interest.


  • Duly completed application form.
  • Bank Verification Number (BVN).
  • Certificate of Training from recognized Entrepreneurship Development Institution (EDI) or evidence of membership of organized private sector.
  • Evidence of registration of business name or certificate of incorporation and filing of annual returns (where applicable) in compliance with the provisions of the Companies and Allied Matters Act (1990).
  • Letter of Introduction from any of the following, Village Head, Clergy, Traditional Ruler, senior civil servant, District Head, etc. (for individuals/ micro enterprises only).
  • Current Tax Clearance Certificate (TCC) and Tax Identification Number (TIN) where applicable.
  • To qualify to access this fund, you need to have been trained by an Enterprise Development Institute after which you will fill the form. They will submit your form to CBN.
  • CBN will ask banks to verify your account details and then CBN proceeds to conduct its own assessment.
  • Email: : +234 700 2255 822 (0700-CALL-UBA) or +234 1 280 8822 (2808UBA) or +234 1 631 9822

Business and Eligible Sectors

  • Agricultural sector.
  • Real sector including Mining, Manufacturing, and Petrochemicals.
  • Service sector including Information and Communication (ICT) and the Creative Industry.
  • Other businesses as determined by the Central Bank of Nigeria (CBN).



Below are some of the frequently asked questions about the FGN Intervention Fund (AGSMEIS):

What is AGSMEIS?

AGSMEIS simply means Agri-Business Small and Medium Enterprise Investment Scheme is a loan of 5% per annum implemented by CBN (the Central Bank of Nigeria) through UBA as a disbursing bank for empowering potential entrepreneurs with the necessary materials, equipment and working capital to begin their businesses.

What are CBN EDIs?

It means Central Bank of Nigeria Entrepreneurship Development Institutions and they are private and public institutions approved by the Central Bank of Nigeria to carry out entrepreneurship and vocational training for Entrepreneurs and SMEs

Who Can Apply for AGSMEIS?

All Micro, Small and Medium Enterprises in the Agriculture sector, Education, Manufacturing, Service sector, including Information and Communication (ICT) and the Creative Industry

Must I Be a UBA Customer To Access This Loan?

Yes. This is because UBA will be the disbursement bank for the loan, thus, it’s paramount to have an account with the bank.

Do I Need Collateral for This Loan?

In an instance of asset acquisition; the asset acquired becomes the collateral and must be registered with NCR (National Collateral Registry).
For a Working Capital Loan of N500,000 and below; the collateral is the Personal Guarantee of the borrower.
If the working capital is more than N500k, the obligor will submit a receipt of assets previously purchased, to cover the balance of the exposure

Who Do I Submit My Application Form To?

Eligible entrepreneurs that have been certified and trained will submit their application forms to the EDIs indicating UBA (United Bank for Africa) as the disbursing bank for onward submission to CBN.

Is it A Must To Be Certified by An Entrepreneurial Development Institute Before I’m Qualified To Access This Loan?

YES. If you must assess this loan, then you need to be certified and trained by any of the CBN approved Entrepreneurial Development Centers that are closest to you. There are lots of Accredited EDIs all over the nation.

If I’m Already in Business, Do I Need To Be Certified by The Entrepreneurial Institutes to Be Qualified to Access this Loan?

Being certified by accredited CBN Entrepreneurial development institutes is one of the eligibility criteria.

How Do I Know Who and Where The Entrepreneurial Development Institutes Are?

Simply visit the closest UBA branch near you to inquire about the closets EDI near you.

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