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Breaking: FG Begins AGSMEIS LOAN disbursement

Breaking: FG Begins AGSMEIS LOAN disbursement

The Federal Government of Nigeria has commenced disbursement of agricultural loan under the Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS) to thousands of applicants across the Federation, Our Reporters has learnt.


It was learnt  that the disbursement began on Tuesday, July 27, 2021.

Many applicants of the Scheme who had completed all the processes for accessing the fund, confirmed to us to have received notifications of disbursement via SMS while some beneficiaries confirmed that their loans have been credited to their Bank


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Applicants are advised to check their dashboards to confirm their loan approval. Those who applied are to check their loan status by visiting, entering their Bank Verification Number (BVN), and clicking on the “Validate” button.

The disbursement which started on Tuesday will last till September.

The Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS Loan) 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.


In the scheme, an interested applicant can access up to N10 million long-term loan without Collateral at 5% interest per Annum till 28th February 2022, then a 9% interest rate for the rest of the duration. It usually comes with 12 Months Moratorium.

Olowu Idowu Henry

Olowu Idowu Henry is a Young businessman, aims to build a purposeful team to solve the problem of unemployment in Africa. He Won the Presidential award on the business plan competition Youth Empowerment with innovation ( YouWin ) in Nigeria in 2012 at the Presidential Banquet hall, By then Former President of Nigeria, His Excellency, President Goodluck Jonathan. Henry is also the founder and President, Apex land Global Consult, Founder/National President, Liberty Youth Council of Nigeria ( Henry is a Blogger, an Innovator, Humanitarian, Politician, and Freedom Fighter. He was the former House of Assembly contestant in Nigeria, Currently, He is the Media Assistance to The Vice Chairman, senate committee on land transport at the Nigeria National Assembly Senator Nicholas Tofowomo. Meet Henry on : Facebook: Olowu Idowu Henry ( WhatsApp +2347064984472

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