The Federal Government has officially opened registration for a new youth-focused credit scheme designed to support 6,122 Nigerian entrepreneurs with access to business loans of up to ₦5 million.

The financing initiative is being implemented through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) under the Inspire, Create, Start, Scale (ICSS) Programme. The goal is to provide structured entrepreneurial support alongside access to single-digit interest loans for eligible youth-led businesses across Nigeria.

If you are an aspiring entrepreneur, early-stage founder, or business owner looking to scale, this guide explains exactly how to apply.

Overview of the FG Youth Business Loan Scheme

The ICSS Programme is structured to guide entrepreneurs from idea stage to business expansion. Beyond financing, selected applicants will receive:

• Entrepreneurship training
• Business mentorship
• Market access support
• Growth and scaling guidance

Loan amounts range from ₦250,000 to ₦5 million depending on your business stage and eligibility.

Step-by-Step Guide: How To Apply

Follow the steps below carefully to submit a successful application.

Step 1: Visit the Official SMEDAN ICSS Portal

Go to the official SMEDAN website and locate the ICSS registration section. Ensure you are applying through the correct government portal to avoid scams or fake application pages.

Read all instructions carefully before proceeding.

Step 2: Select the Module That Matches Your Business Stage

The ICSS programme is divided into four stages. You must select the module that aligns with your business journey:

1. Inspire

For aspiring entrepreneurs who are still exploring business ideas and entrepreneurship fundamentals.
No prior business experience required.

2. Create

For individuals with a business idea that needs structure and refinement.
Applicants should have a clear idea and basic understanding of their industry.

3. Start

For entrepreneurs ready to launch or formalize operations.
Applicants must have a validated business idea and readiness to implement.

4. Scale

For business owners ready to expand operations, enter new markets, or seek investment.
Designed for MSMEs and established founders.

Choose carefully, as loan eligibility depends on your selected module.

Step 3: Complete the Application Form

Provide accurate details including:

• Full name and contact information
• Business name (if applicable)
• Business description
• Stage of business
• Sector and operational details

Ensure that:

• All required fields are completed
• Your business description is clear and concise
• Supporting documents are uploaded if requested

Incomplete applications may be disqualified.

Step 4: Review and Submit

Before submitting:

• Double-check your personal information
• Confirm your business details are correct
• Ensure contact details are accurate

Only complete and eligible applications will move forward for review.

Step 5: Await Screening and Confirmation

SMEDAN and programme partners will review submitted applications.

Successful applicants will receive:

• Confirmation notification
• Onboarding instructions
• Training schedule details
• Loan access procedures

Step 6: Access Training, Mentorship and Financing

Once approved, beneficiaries will gain access to:

• Structured entrepreneurship training
• Mentorship from experienced professionals
• Market linkage opportunities
• Single-digit interest business loans

Loan categories include:

START Loans

₦250,000 – ₦2 million

SCALE Loans

₦1 million – ₦5 million

Loan approval depends on eligibility, business viability, and compliance with programme guidelines.

Who Can Apply?

The programme targets:

• Youths and recent graduates
• Aspiring entrepreneurs
• Early-stage founders
• Growing MSME owners

Applicants must demonstrate seriousness, readiness to participate in training, and commitment to implementing business growth strategies.

Important Things to Note

• This is a structured programme, not just a loan disbursement scheme
• Participation in training and mentorship is mandatory
• Selection is merit-based
• Submission does not guarantee approval
• Ensure you apply only through the official government portal

Why This Opportunity Matters

This initiative provides more than funding. It offers:

• Business structure
• Strategic guidance
• Long-term ecosystem support
• Pathway from idea to sustainable enterprise

For Nigerian youths seeking structured support to launch or expand their ventures, this scheme presents a significant opportunity.