The newest programme is the National Emergency Relief and Stabilisation Intervention (NERSI), announced on 30 October 2026: ₦50,000 a month for eligible vulnerable households, with no application, fees or agents. For businesses, YOUTHCRED offers ₦200,000 to ₦2 million loans to entrepreneurs aged 18–35, and the Bank of Industry now takes loan applications online through MyBOI.
Government grants and loans in Nigeria
| Programme | Who qualifies | What you get | How it works | Latest status | Source |
|---|---|---|---|---|---|
| NERSI cash relief | Eligible vulnerable households | ₦50,000 a month, subject to periodic review | No application: beneficiaries get SMS consent requests from authorised payment providers. Helpline 0700-022-2222 | Announced 30 Oct 2026 | Read |
| HoPE-CT cash transfer | Registered beneficiaries | ₦25,000 payments | See our HoPE-CT guide | Ongoing | Guide |
| YOUTHCRED for Entrepreneurs | Nigerians aged 18–35 running businesses; about 500,000 targeted | Loans of ₦200,000 to ₦2 million, without traditional collateral | Approval based on credit history, cash flow and repayment capacity | Launched 22 Jul 2026 | Read |
| NiYA × Cascador Founders Programme | Early-stage young founders | Up to ₦5 million non-dilutive funding for top performers, plus an ERP solution | Four-week intensive training; funding not guaranteed for every applicant | Applications opened 19 Aug 2026 | Read |
| Bank of Industry (MyBOI portal) | MSMEs, large businesses, cooperatives and associations | Business financing | Apply, onboard and track your loan application online | Launched 3 Oct 2026 | Read |
| YEIDEP | Young entrepreneurs registered on YEIDEP | Grants for youth enterprises | See our YEIDEP disbursement report | Ongoing | Report |
| TVET starter packs, grants and loans | TVET programme graduates | Starter packs, with grants and loans promised by the ministry | See the TVET tracker | Ongoing | Tracker |
| NANSInnovate 2026 (NANS) | Student entrepreneurs in universities, polytechnics and colleges of education | Business funding; top 20 finalists pitch nationally | Existing businesses and viable ideas can apply | Opened Aug 2026 | Read |
Grants and loans: frequently asked questions
How do I apply for the FG ₦50,000 monthly cash relief?
You do not apply. Under NERSI, eligible vulnerable households receive SMS consent requests from authorised payment providers. There are no fees or agents. The NERSI helpline is 0700-022-2222.
How much can I borrow under YOUTHCRED?
Between ₦200,000 and ₦2 million. The programme is for Nigerians aged 18 to 35 and does not require traditional collateral; approval depends on credit history, cash flow and repayment capacity.
What is the NiYA × Cascador Founders Programme?
A Federal Government initiative through the Nigerian Youth Academy that trains selected early-stage founders for four weeks and gives top performers up to ₦5 million in non-dilutive funding. Funding is not guaranteed for every applicant.
How do I apply for a Bank of Industry loan?
Through BOI’s MyBOI portal, which lets eligible businesses apply for financing, complete onboarding and track their applications online.
Are student loans included here?
Student loans are covered on our NELFUND tracker.
How do I avoid grant scams?
Government grants and relief do not require you to pay an agent or a processing fee. Use only official portals and helplines.
Also see: all live trackers, N-Power payment update and NELFUND student loan update.
The Trumpet adds programmes as they are announced. The date at the top shows the last change.
