CBN 2 Billion Naira Loan for Artisans Approved | Apply Now!

The Central Bank of Nigeria (CBN) has authorized a 2 billion Naira loan to the government of Imo State for the empowerment of artisans in the state.

Ford Ozumba, the Commissioner for Labor and Productivity, revealed this to journalists in Owerri on Tuesday while unveiling the Imo 2022 Entrepreneurial Product Expo in collaboration with CBN.

He said that the Imo State administration approached the CBN and was found to be qualified for the loan.

Approved CBN 2 Billion Naira Loan: What You Should Know

According to the Commissioner of Labor and Productivity,

“The project was conceived to expose artisans of state origin to trade, assist them in using their knowledge to migrate into the digital socio-formation, create structures and systems that would engage youths in productive sectors, and for them to train others to alleviate poverty and contribute to the state’s efforts to improve the economy.”

“The money is in collaboration with the Central Bank of Nigeria, which has sanctioned N2 billion for Imo State.” We don’t have any money. It has been deposited in the bank. It will be given to young people in the trade. It’s a loan from the Central Bank of Nigeria. This project has a facility at the CBN. When we approached them, they informed us that Imo was qualified. The funds will be distributed to craftsmen. These artists have already been created.

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“We collaborate with the craftsmen’ associations. So, as part of the project’s activities, we’re launching a weekly event, the inaugural Imo State innovation and entrepreneurship exhibition in Owerri, on May 10th, 2022.

“The state is fortunate in that it has several outstanding artisans and accomplished industrialists whose work is available.”

“We want to put our people on display to promote their abilities, skills, cleverness, and originality, and to expose this to the international community through well-designed organized technology.” They’d be motivated to export their goods and contribute to the growth of our economy,” he remarked.

Why You Should Apply

Nigeria has yet to maximize its myriads of artisan talents.

However, with the CBN 2 Billion Naira funding approved, lots of these isolated businesses can leverage the support for growth and connection. Subsequently, other growing artisan talents can identify with an accessible community of Nigerian crafters.

Also, it guarantees that every beneficiary has enough finance for his work.

Moreover, groups of artisans in the country can build a hub from the fund, ensuring optimal output in arts and culture.

You can apply for one today!

See Other Available Opportunities

Most funds, grants, and mentorships are collaborative efforts between at least tow funding partners.

For the most part, the federal government oversees the grants provided for medium, small, and micro-enterprises (MSMEs) in Nigeria, although it can delegate parts of these projects to facilitators.

Moreover, non-government organizations are also play a huge role in the funding. Some of the available NGO Funds are as follows _

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You can also apply for these opportunities.


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Nigerian Youth Futures Fund (NYFF) 2022 | Apply for NYFF $40, 000 Grant

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