How to benefit from the Creative Industry Financing Initiative
The CBN in collaboration with the Bankers’ Committee as part of efforts to boost job creation in Nigeria, particularly among the youth, has developed a Creative Industry Financing Initiative (CIFI).
How to benefit from the Creative Industry Financing Initiative
The initiative has four pillars, namely:
- Fashion
- Information Technology
- Movie
- Music
Interested applicants in the Creative Industry are hereby advised to submit applications to their banks for approval and disbursement.
How to benefit from the Creative Industry Financing Initiative:
Is your business in any of the following areas?
- Fashion
- Information Technology
- Movie Production
- Movie Distribution
- Music and
- Software Engineering Student Loan
If “Yes”…
- Prepare your business plan or statement on how much you want for your business.
- You can get a loan of up to:
a) N3 million for Software Engineering Student.
b) N30 million for Movie Production business.
c) N500 million for Movie Distribution business.
d) Cover your rental/service fees for Fashion and Information Technology business.
e) Cover your training fees, equipment fees, and rental/service fees for Music business.
Read also: Apply for N10 million CBN AGSMEIS 5% Loan Today.
How to Access the Fund
- Go to any bank of your choice to access the fund.
- Tell your bank how much you need.
- Your bank will discuss your request and provide you the money.
- The maximum interest rate of 9.0% per annum (all charges inclusive) is applicable to all loans.
Period for the repayment of the loan:
a) For Software Engineering Student Loan, it is a maximum of three years.
b) For Movie Production and Distribution, it is a maximum of ten years.
c) For Fashion, Information Technology (IT) and Music, it is a maximum of ten years.
You can contact us NOW via 08105636015 or 08076359735 or send a mail to dayohub@gmail.com to get professional help with the application.
For more information, please visit: CBN webpage
As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).
Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.
Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.
We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.
Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community
Mission Statement:
- Provide bespoke management and business planning consultancy
- To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
- To inspire, empower and champion entrepreneurship in the global online community.
Business Goals and Objective
- Engender national prosperity by contributing to the creation of at least 100 new businesses every year
- Become a go-to brand for outstanding business development services for MSMEs
- Strategic partnership with local and international organization to empower start-ups
- Continuous innovation to serve our clients better
Core Values:
Integrity
Opportunity Maximization
Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
Timeliness