How to Apply for the 2026 FG ₦300,000 Interest-Free Loan for 22,000 Farmers Nationwide (Step-by-Step Guide)

The Federal Government of Nigeria, through the Government Enterprise and Empowerment Programme (GEEP), has officially opened applications for the 2026 FarmerMoni Loan Scheme, offering a huge boost to smallholder farmers across all 774 Local Government Areas (LGAs).

This initiative provides interest-free loans of up to ₦300,000 to individual farmers and registered cooperative societies, designed to help them purchase essential farming inputs such as seeds, fertilizers, farm tools, and equipment. The goal is to enhance agricultural productivity, improve livelihoods, and strengthen food security nationwide.

Key Features of the FarmerMoni Loan Scheme:

• Loan Amount: Up to ₦300,000
• Interest Rate: Zero percent (0%)
• Repayment Moratorium: 3 months grace period before repayment starts
• Eligibility: Open to individual farmers and registered cooperative societies across Nigeria
• Purpose: To support farming activities and empower farmers with necessary resources

About GEEP (Government Enterprise and Empowerment Programme):

GEEP is a government initiative aimed at empowering Nigerians who face difficulties accessing traditional bank loans. The program has already helped over 2.5 million Nigerians, providing interest-free loans without collateral.

Loan Categories under GEEP:

1. FarmerMoni: For small-scale farmers (up to ₦300,000)
2. MarketMoni: For market women and micro-entrepreneurs in cooperatives (up to ₦100,000)
3. TraderMoni: For petty traders and artisans (up to ₦100,000)

Benefits of Applying:

• 0% interest on loans
• No collateral or security required
• 3-month repayment grace period
• Inclusive access with focus on women, youth, and vulnerable groups

Eligibility Criteria:

• Must be a Nigerian citizen
• Valid National Identification Number (NIN)
• Valid Bank Verification Number (BVN)
• Existing small business or farm

How to Apply:

Interested and eligible farmers and traders should apply directly through the official GEEP portal:

🔗 Apply Here

Important Notes:

• Registration and application are completely free.
• Avoid paying anyone to assist with the application.
• Share this opportunity with fellow farmers, traders, and cooperative members to help boost agricultural productivity and business growth nationwide.

This is a valuable chance for Nigerian farmers and small business owners to access much-needed capital without the burden of interest or collateral. Don’t miss out — apply now and take a step towards growing your farm or business!