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The Federal Government has rolled out several intervention programmes aimed at easing economic hardship, expanding access to education, supporting small businesses and improving financial inclusion since President Bola Ahmed Tinubu assumed office in May 2023.
The initiatives cut across interest-free student loans, consumer credit, grants for nano businesses, housing finance, vocational training and support for entrepreneurs. While some programmes are open to all eligible Nigerians, others specifically target students, artisans, farmers, civil servants, women, youths and small business owners.
12 FG Loans, Grants and Funding Programmes Nigerians Can Apply for Under Tinubu in 2026Source: UGC
Here are 12 key federal government loans, grants and funding schemes Nigerians should know about.
1. Nigerian Education Loan Fund (NELFUND)
The Nigerian Education Loan Fund (NELFUND) provides interest-free loans to eligible students in public universities, polytechnics, colleges of education and approved technical and vocational institutions.
The scheme covers tuition fees, while qualified students can also receive a monthly upkeep allowance.
