FGN Intervention Fund

It takes a supportive partner like UBA to grow a business

UBA SME Business account is in three variants. We provide you with the exact help your business needs. There is nothing too small or too big to achieve with us. With UBA your dreams, plans and goals for your business can be achieved.


Do you own a business or want to start a business? Agribusiness small and medium enterprises investment has been designed specifically by the federal government to promotes agricultural businesses of micro, small, medium enterprises(MSME).

AGSMEIS is a federal government intervention funding scheme through CBN that promotes Agric businesses as a vehicle for sustainable economic development and employment generation.

  • ✔ Loan limit: N10Million(maximum)
  • ✔ Interest Rate: 5% per annum
  • ✔ Tenor: 7 years.
  • ✔ Moratorium: Maximum of 18 months on Principal and 6 months on Interest
  • ✔ Agricultural sector.
  • ✔Real sector including Manufacturing, mining, and petrochemicals.
  • ✔ Service sector including Information and Communication (ICT) and the Creative Industry.
  • ✔ Other businesses as determined by the Central Bank of Nigeria (CBN).
  • ✔ Duly completed application form.
  • ✔ Bank Verification Number (BVN).
  • ✔ Certificate of Training from recognized Entrepreneurship Development Institution (EDI) or evidence of membership of organized private sector
  • ✔ Letter of Introduction from any of the following, Clergy, Village Head, District Head, Traditional Ruler, senior civil servant, etc. (for individuals/ micro enterprises only).
  • ✔ Evidence of registration of business name or certificate of incorporation and filing of annual returns (where applicable) in compliance with the provisions of the Companies and Allied Matters Act (1990).
  • ✔ Tax Identification Number (TIN) and current Tax Clearance Certificate TCC) where applicable.
  • ✔ To qualify to access this fund, you need to have been trained by an Enterprise Development Institute after which you will fill the form. They will submit your form to CBN.
  • ✔ CBN will ask banks to verify your account details and then CBN proceeds to conduct its own assessment.
  • ✔ Email: cfc@ubagroup.com. : +234 700 2255 822 (0700-CALL-UBA) or +234 1 280 8822 (2808UBA) or +234 1 631 9822

What is AGSMEIS?
AGSMEIS means Agri-Business Small and Medium Enterprise Investment Scheme is a loan of 5% per annum implemented by the central bank of Nigeria through UBA as a disbursing bank for empowering potential entrepreneurs with the necessary equipment and working capital to kick start their businesses.

What are CBN EDIs?
Central Bank of Nigeria Entrepreneurship Development Institutions are public and private institutions approved by the Central Bank of Nigeria to carry out vocational and entrepreneurship training for Entrepreneurs and SMEs

Who can apply for AGSMEIS?
All Micro, Small and Medium Enterprises in the Agriculture sector, Education, Manufacturing, Service sector, including Information and Communication (ICT) and the Creative Industry

Must I be a UBA customer before I can access this loan?
Yes. UBA will be the disbursement bank for your loan amount since it is paramount you have an account with the bank.

Must I have to be certified by an Entrepreneurial development institute before I am qualified to access this loan?
YES. To be qualified to assess this loan you need to be trained and certified by any of CBN approved Entrepreneurial Development Centers closest to you. Accredited EDIs are all over the nation.

Do I need collateral for this loan?

In an instance of asset acquisition; the asset acquired becomes the collateral and must be registered with National Collateral Registry(NCR).
For Working Capital Loan of N500,000 and below; the collateral is Personal Guarantee of the borrower.
If the working capital is above N500k, the obligor will submit a receipt of assets previously purchased, to cover the balance of the exposure

Who do I submit my application form to?
Only eligible entrepreneurs that have been trained and certified will submit their application forms to the EDIs indicating United Bank for Africa as the disbursing bank for onward submission to CBN.

If I am already in business, do I need to be certified by the entrepreneurial institutes to be qualified to access this loan?

One of the eligibility criteria is to be certified by a CBN approved Entrepreneurial development institutes.

how do I know where and who the Entrepreneurial development institutes are?

You can get this information from our SME page on our website or visit the closest branch to you, to inquire of an EDI closest to you.



Development Bank of Nigeria

A Federal Government loan tailored to develop and support local entrepreneurs and empowering business owner. The Development Bank Of Nigeria Loan is a term funding and risk sharing facilities to offer support and empowerment to Micro, Small, and Medium Enterprise owners to drive developmental projects and economic growth.

  • ✔ Term loan ( MSME): 153Million, Small corporate; 610Millon
  • ✔ Working Capital (MSME): 61Million, Small corporate; 244Million
  • ✔ Agriculture
  • ✔ Manufacturing
  • ✔ Building and construction
  • ✔ Transportation
  • ✔ Mining
  • ✔Wholesale and retail
  • ✔ Information and communication
  • ✔ SME access to developmental funds.
  • ✔Creation of employment
  • ✔ Increase in SME productivity and output.
  • ✔ Business must be fully registered with CAC.
  • ✔ Evidence of business registration, business address, BVN of ownership
  • ✔ Must be in business for a minimum of 24months.
  • ✔ Business account must be domicile with UBA.
  • ✔ Business office must be established. (preferably owned or lease)
WHAT is the definition of an MSME?
MSMEs are classified into Micro, Small and Medium Sized Businesses based on asset size, sales volume and number of employees, as defined by The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN).

Must I have an account with UBA before been qualified for DBN
Yes, a customer must maintain an account with UBA.

How many years do I have to pay back the loan?
The tenor of the loan is dependent on the nature of your business and the reason for collecting the loan. You may have up to 18 months moratorium on principal repayment for working capital & investment projects, and up to 10 years to repay the loan.

What is the interest rate?
DBN loan offers flexible interest rates that are based on tenor and referenced to market rates