🛒
trade
Cotton Textile Trade
Kaduna's cotton-to-fabric value chain is reviving. Buying raw cotton from Kaduna State Cotton Company and supplying to Kaduna Textiles' reviving mills earns strong margins. Trading finished northern fabric (atampa, guinea brocade) wholesaling to southern markets earns 300k–3m monthly.
💰 Ways to Fund This
National MSME Awards Grant (FG "Renewed Hope for MSMEs")
₦100,000–₦5,000,000
Grant
Registered or registering Nigerian MSME (CAC registration usually required or fast-tracked). Application windows open periodically, not year-round.
📊 Non-repayable grant — no interest, no repayment.
SMEDAN Programmes (free registration, training, grant windows)
₦0–₦3,000,000
Government Fund
Nigerian-owned micro or small business. Free CAC business name registration via the CAC-SMEDAN partnership is a common entry point.
📊 Varies by scheme — many components are free or grant-based; some link to subsidized loans.
NIRSAL Microfinance Bank — Targeted Credit Facility (TCF)
₦50,000–₦25,000,000
Microloan
Nigerian household, micro-enterprise, or small business; originally COVID-era, has continued as a general SME/household facility — confirm current status before applying.
📊 5% per annum interest — among the cheapest business credit available in Nigeria.
NIRSAL Microfinance Bank — Amazon Loan (women-owned businesses)
₦100,000–₦1,000,000
Microloan
Group of 5–10 women forming a business group; designed to remove collateral barriers women commonly face at commercial banks.
📊 Reduced/subsidized interest with relaxed collateral requirements versus standard bank loans — confirm current rate at application.
⚠️ Informational only — not financial advice. Confirm current terms directly with each provider before applying, and borrow only what you can repay.