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Application Guide: Federal Government of Nigeria TraderMoni Zero Interest Loan 2021

Federal Governement has introduced a new loan initiative called TraderMoni, which is aimed at providing funding for entrepreneurs across Nigeria. In this post, we will provide a guide on how to apply for TraderMoni loan in Nigeria. Tradermoni loan is specifically for Nigerian petty traders and artisans. It is a part of the Government Enterprise and Empowerment Programme (GEEP) overseen by Bank of Industry (BOI).

   




TraderMoni offers beneficiaries loan starting from N10,000 to N100,000 at no interest rate. The accessible loan amount increases as you pay back.

 

For example: if you borrow N10,000 as a first timer, when you pay back the money, you will be eligible to borrow higher amount (N15,000). After paying back the N15,000 loan, you will qualify for a N20,000 loan; and N50,000; and N100,000.

The Requirements for TraderMoni Zero Interest Loan 2021

  • Applicants must be a Nigerian citizen by birth
  • Must not be less than 18 years
  • Applicants must be a trader or own a business.
  • Must belong to a registered market cooperative union
  • Valid identification such as national id card or voter’s card is needed.
  • Must have active phone number.




How to apply for TraderMoni (Online Application Guide)

Follow the steps below to apply for TraderMoni loan;

  1. Visit TraderMoni application portal at https://boi.ng
  2. Click on ‘REGISTER’ link
  3. Fill the form with your details. You will receive a verification link and tracking code on your email to facilitate login.
  4. Login to complete the application form, and submit.
  5. After that an email will be sent to you confirming the receipt of your application. Follow the prompt instructions.

TraderMoni Offline Application Guide

  • Visit https://tradermoni.ng/zonal.html
  • Locate your geopolitical zone
  • Click on your state
  • Copy the name and phone number of the coordinator
  • Give him/her a call to locate the agent nearest to you




Table of Contents

Geopolitical Zones in Nigeria and states under them

South-West
Lagos
Ekiti
Ondo
Ogun
Osun
Oyo

South-East
Anambra
Ebonyi
Enugu
Abia
Imo

South-South
Akwa Ibom
Cross River
Bayelsa
Rivers
Delta
Edo





North-West
Katsina
Jigawa
Kaduna
Kano
Kebbi
Sokoto
Zamfara

North-East
Taraba
Adamawa
Bauchi
Gombe
Borno
Yobe

North-Central
Kogi
Kwara
Benue
Plateau
Nasarawa
Niger
FCT (Abuja)

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Lucius O. (CICRM)

Lucius is the founder and lead writer at Careerical.com, your trusted resource for international job opportunities, visa sponsorship guidance, and career development strategies. With over 12 years of experience driving triple-digit growth in telecom and fintech, Lucius is a certified customer relationship professional and digital ecosystem strategist. At Careerical, he combines deep industry insights with a passion for helping professionals navigate global job markets—whether you're exploring Canadian work visas, landing remote jobs in Europe, or applying for fully funded scholarships. His writing has earned him recognition as his State’s “Best Essayist,” and he continues to deliver research-backed, reader-focused content that ranks and converts. Follow Careerical for expert tips on visa applications, job search strategies, and how to build a career that travels.

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