Are you lacking in any of these skills, then update your business skills with Millionaires Academy. Having an idea or a business plan is not as important as having the funds to see it through. This is a quick money lending agency that provide financial support to entrepreneurs to boost and expand their business. The First Bank of Nigeria has made plans to provide collateral free loans to … These come in the form of financial loans and grants that are accessible to those who meet the required conditions. It could be half of your salary, till loan is fully repaid. Stanbic IBTC Bank offers Nigerian entrepreneurs a great opportunity to obtain business loans without providing collateral. How to Apply for CBN N50bn COVID-19 Support Loan for Households and Businesses. Legal means of identification eg. You get maximum amount of 2.6 million naira for 12 month duration.... All loan candidates are to take the loan test. Usually, business owners apply for grants for them to … 26 Cashbridge Global & Leasing Co. 48B Lasode Crescent, Off Etim Inyang Street, Victoria Island, Lagos Nigeria For more inquiries, please visit https://C24.com.ng/. There are a lot of entrepreneurs with great business ideas but they can’t implement them due to inability to get the start up fund (capital). Heritage Bank. How many entrepreneurs can write a convincing business plan? Other activities as the Central Bank of Nigeria (CBN) may determine from time to time. This financial institution is an online agency that grants easy money assistance to borrowers, usually from an amount as low as #5, 000. However, remember that every bank is in the business of making money, so they will not just give away money without due diligence. Young entrepreneurs should as a matter of urgency join business organizations like millionaires Academy, where they will be exposed to real world scenarios and taught essential business skills like how to write a business plan.3. To get a Renmoney SME loan, your business must have a good income statement history and can boast of regular monthly earnings for repayments. How To Get A Business Loan In Nigeria Without Collateral – List Of Nigerian Banks Offering Business Loans Without Collateral. THE UNFORGETTABLE WORDS A MILLIONAIRE SAID THAT CHANGED MY LIFE, EATING LESS NOT THE BEST WAY TO LOSE WEIGHT, STUDY SHOWS By: Ana Sandoiu Fact checked by: Honor Whiteman, NEGATIVE CONSEQUENCES OF INDECENT DRESSING. Our pilot launched with a focus on the Nigerian market and integrated with local credit bureaus. LENDIGO is Nigeria’s #1 SME Finance Provider that offers Nigerian SMEs easy, fast and flexible access to working capital according to their business requirements and suited to their finance needs. Banks & Financial Institutions Unfortunately, many entrepreneurs, lack the basic financial skills required to properly organize their business and demonstrate its viability. Lydia micro finance institution grants loans to businesses from the range of about #100, 000 to #5, 000,000. This is the no 1 reason why most entrepreneurs don’t access funds meant for them. It doesn’t work that way in the real world. Loan offered to clients ranges from #50, 000 to #500, 000. Let us start by identifying these genuine institutions.Bank of Industry: Although they have a low interest charge. The CBN has also directed banks to create packages meant solely for SMEs and fund such packages. This is another area that many entrepreneurs fail woefully. 2. Most times, these government-sponsored funds come in … The interest rate for a DBN loan is the best in Nigeria, and this should not be surprising as it was specifically established to serve the purpose of providing credit facility for MSMEs. Diamond Bank has about 5 SME friendly accounts but if you want a loan without collaterals, you’ll most likely to looking at the bank’s SME loans. You don’t need a collateral to apply for loan at lapo, since you already have guarantors. This online platform provides access to entrepreneurs to acquire loan for their small or medium scale business. What Is A Small Business Grant? Following blogs, such as HOW TO MAKE A MAN ADMIRE YOU, CHASE YOU, FALL IN LOVE WITH YOU AND MARRY YOU. If you do not have such financial skills, you can either outsource it to accounting consultants, but better still learn it yourself, so you can confidently defend your business anywhere. Access to the amount of loan you need plays a very important role in growing businesses. The Development Bank of Nigeria (DBN) with the support of the Federal Government of Nigeria and some other global organizations has started providing loans to business owners and startups. To get a business loan in the Nigeria, you will need to submit the following documentation to the lender. Business loan for already existing and start up business owners. This is a quick money lending agency that provide financial support to entrepreneurs to … 5. Loan granted to Small businesses ranges from #3,000 to about #1,000,000. Little wonder that few entrepreneurs that attend business schools do much better than their counterparts. In this article, I will identify financial institutions in Nigeria that genuinely have funds set out for entrepreneurs and small businesses, I will also list the top reasons why most entrepreneurs are unable to access these funds, and finally, Personal statements of assets and liabilities of all the partners, members or directors. Modalities Financing under the Scheme shall be for start-ups, business expansion or revival of ailing companies and must be in compliance with provisions of BOFIA (1991) as amended The terms of the loans shall be as follows: Loan limit: N10,000,000 Aella Credit: Aella Credit is a Personal Loan lender that underwrites loans with a proprietary algorithm. Zenith Bank; In Nigeria, it is safe to say that Zenith bank is the best bank in terms of loan provision. This agency uses advanced technology and algorithm to check the risks involved before allowing costumers acquire loans. Entrepreneurs who need more funds and wish to grow, expand and keep their business running can look towards this direction. Many commercial banks in Nigeria have loan packages for SMEs. Loans repaid at the right time will attract the benefit of accessing higher amount. Essential financial skills/tools that financial institutions are looking for in your business include: Almost all bank loans have double digit interest and most are short term. Paylater is an easy online lending platform that provides short-term loans to individuals and small businesses in Nigeria to help cover unexpected expenses or urgent cash needs. Access to loan can get up to over half a billion naira provided you provide all the necessary requirements. Many people simply have a great idea or great ideas and carry themselves about as though the world must listen to them, without doing the hard work of learning how to effectively execute on their ideas. 3. The loans are designed to help SMEs buy assets, but the asset only become yours when you make the last payment on the loan. They provide single payment loan, installment loans and payroll loans to employees through their employer. Bankers are looking to make profit, and once your financials indicate that your business is profitable and scalable, they will jump at the chance to assist you, as they too need to make money. This 7,136 th website, in Nigeria, offers quick loans in Lagos that are easy to apply for. The benefits of these packages include lower interest rates, even single digit interest rate in the case of Bank of industry, value-added business training or follow-up, little or no collateral etc. Several banks and financial institutions in Nigeria are working with the government to provide business loans under government-aided funding programs such as YouWin, BOI, N-Power, etc. / Lost your password? Here in this post, you will know some agencies that offer quick business loans either online and or offline. C24 offers retail loans to borrowers at a minimum cash of #40, 000 and a maximum of #750, 000. Those are all the steps to obtain business loan from Development Bank of Nigeria. They don’t even know where the funds are! Loan is insured against fire and death of business owner. Unfortunately in Nigeria, the opposite is the case. What everyone will tell you is that you can never get money for business in Nigeria. The reason why you need the finance. Developed countries like USA, have well structured financing options for small businesses, with single digit interest and long term financing. However, there are some profitable small scale ideas that succeed with a ₦10,000 business loan in Nigeria. Ensure you know and understand properly how much is charged as interest. In recognition of this fact, the federal government through the CBN and other institutions like the Bank Of Industry and the Bank of Agriculture, continues to bring out financial packages tailored to meet the requirements of small businesses. Many young people today don’t listen to genuine news, they are fond of getting information from rumor and hear say. Also, you need a loan sooner or later to start what you are promoting with a lot of financial resources as a result it may develop properly or the Business is pulled out of the abyss. More than 90% of young businesses have never written a business plan, and this is the greatest barrier to accessing funds meant for them. C24. 10. Bankers attach zero importance to your beautiful story. Business plan: To include executive summary, company description, market analysis, financial plan and projections. The minimum loan amount is N100,000 while the interest rate is 2.8% per month. According to Mr. Chima Nnadozie, Head, MSME Propositions, “presentation of a collateral security is no longer a bid deal for it to consider applications for, and grant loans to prospective and existing entrepreneurs in Nigeria’s micro, small and medium scale enterprises (MSME) sector .”Stanbic IBTC Bank Kiakia is a quick and easy lending platform that uses psychometry, machine learning and digital forensics for their proprietary credit scoring and credit risk assessment algorithm to grant direct and peered personal and business loans to lots of individuals and small businesses with out credit information. To apply for a non-collateral loan with Stanbic IBTC, you should be prepared to provide the bank with the following information: Cash flow projections with break- even analysis Business plan with CV of business owners Understanding and building your credit score. We are in business to provide business support services, loans, asset management, financial advisory services and investment opportunities. Diamond Bank Plc offers entrepreneurs an opportunity to obtain loans without securing the loan against collateral. 8. Repayment is deducted monthly from the employees salary. As you can tell, commercial banks are quite strict with their criteria. How to Access Small Business Loans in Nigeria. It is an engine of growth for Small and Medium Enterprises and it helps individuals as well in financing their lifestyle. Applicants must have an account with the accepted banks in Nigeria where the money will be paid into. Ren money offers loan to entrepreneurs of cash worth four million and charge interest rate of about 5%. Getting a start up capital for your business is the common and most challenge facing small and even medium scale business in Nigeria. FIRST BANK OF NIGERIA BUSINESS LOANS LOCAL PURCHASE ORDERS FINANCE Meet all your customers’ orders in time and never run out of stock with the Local Purchase Order Finance. Cash flow forecast: Depending on the lender, 12 – 24 months cash flow forecast may be required. 1. Need an instant loan? Business Loan in Nigeria. Your email address will not be published. Early repayment attracts chances of applying for higher amount. This leading financial tech company grants loan to small and medium scale business owners to expand their business and to keep their business booming. Almost all bank loans have double digit interest and most are short term. This technology helps to ascertain the level and income the borrower gets and decide on the rate of interest. *, © Copyright 2021 - OREKELEWA. LAPO. You cannot simply expect to go to the bank, tell a wonderful story of how your idea is the best in the world, and expect to walk out with a bag of cash. SME Banking “Getting loans without collateral is part of our contribution towards boosting the growth of the SME segment.” Most SMEs don’t have collateral to secure loans. Example Konga.com founders, Tecno phone founder and slot chairman Nnamdi Ezeigbo . This money lending agency, GroFin grants Small and Medium Enterprises business loans across Africa & the Middle East. Ignorance: When loan is pay at the right time, borrower will be granted the chance to access more and higher loans. They provide quick loan online and offline to interested borrowers and the process of loan acquisition is much faster. One major setback for the growth of SME in Nigeria is the problem of accessing a loan. The full names and capacities of those who will sign FINANCIAL INSTITUTIONS THAT HAVE FUNDS FOR SMALL BUSINESSES: This loan ranges from #10,000 to #500,000. My name is Rasaq Olayemi, i like anything science, engineering and technology. This is a small business loan(SBL), microfinance bank set up to offer loan to small and medium scale businesses in Nigeria. C24 offers online loans in Nigeria with a maximum loan amount of 2 million to be repaid with an affordable low-interest rate in a maximum of 9 months. Borrowers are required to pay back with in a stipulated time. Things don’t work that way. Adims Credit and Investment Limited Located at Suite 9, Okaka Plaza, Opposite E Close, Besides Domino Pizza, 1st Avenue, Festac Town, Lagos Nigeria. So, it will be highly beneficial to have access to the full list of available business grants in Nigeria. The need for loan becomes the best resort when all other means of raising funds seem truncated. OneFi Business Loans: OneFi Loans mission is to provide short-term and affordable consumer credit to individuals who have limited access to finance. If you enjoy this write up on small business loans in Nigeria, kindly make use of the social sharing buttons below and feel free to ask us anything using the comment box. When application is approved, you will receive your loan in your account or at hand. But this shouldn’t deter you, because there are still few banks that genuinely have packages set out for small businesses. Paylater is quite an easy money lending online platform that grants loan to businesses and individuals in a short term. BOI is an institution that genuinely designs packages to help small businesses and entrepreneurs. Diamond Bank’s SME loans can be accessed in the form of; Revolving Credit, Installment Loan, Local Purchase Order (LPO) Finance and Contract Finance. Lack of preparation: As a commercial bank, first bank is in the business of making money, but they have truly lowered the threshold for accessing small business loans and have assisted many small businesses with soft loans. Unfortunately most entrepreneurs will prefer to sit back and bemoan their fate, instead of learning essential business skills like writing a business plan. The non- collateral loans are designed to stimulate growth for Micro Small and Medium Enterprises (MSME). A grant refers to an amount of money that is given to an individual or a business for a particular purpose. Hence this write up on small business loans in Nigeria right now. How to Get Federal Government Loans for Small Business in Nigeria: Businessmen, investors and farmers have reasons to smile as the government has put in place various ways to assist small and medium scale enterprises (SMEs). It is accessible by all micro, small, and medium-scale enterprises or businesses in Nigeria. Once the loan is given, and the borrower pays back before or at the stipulated time, he opens a chance to apply for higher loans. Others simply open an office and begin to hope for a miracle. But before you ever seek for any form of interest based finance, you need to understand the cost of financing. Borrowers can access their loan within 24 hours when all requirements are met. 1. Individuals who wish to start their own businesses but do not have the … Audited financial statement You can get any kind of business loans to either start or boost an already existing business. Many entrepreneurs has identified first bank as the commercial bank with the most friendly package for SME’s. However, it is important that you run a proper check to know their terms and conditions to avoid getting hooked up. Top examples are Guaranty Trust Bank, Stanbic IBTC, First Bank, and Access Bank. 4. Paylater is a quick online lending platform that offers short term loan without collateral for … It takes 3 working days to process loans at Paylater and once your application for loan is granted, you will be entitled to acquire an amount up to #500, 000 with out any collateral. Top 20 Banks To Get Business Loan in Nigeria . National ID card. All Rights Reserved. Requirements needed to access this loan at Ren money are; Applicants can access their different types of loan as well as their repayment categories online or offline. Materials needed to apply for the load through the agency include. Trader moni is a financial institution owned and managed by the federal republic of Nigeria. The amount of your own contribution and the source of the funds. In developed countries, small businesses account for a large percentage of the The great thing about First Bank’s unsecured loans is that it is designed to be easily accessible to entrepreneurs irrespective of the type or size of your business.Diamond Bank Plc They need concrete facts. This is because small businesses are the backbone of strong economies. A lot of time, small and growing businesses may need some additional cash to expand their businesses or to keep the enterprise booming. They simply want you to open account with them. Lack of proper business training and organization: Perhaps you might have been thinking on how to quickly get this loan for your business. Existing customers stand the chance of getting access to a million naira, payable at the stipulated period of time. This severely constricts the growth of small businesses, and consequently the economy of the nation. CV of each member of the management team. 1. 2. Millionaire.ng and other blogs designed for entrepreneurs will expose you to options available to you.2. Below are loan providers in Nigeria: 1. Quoting Mr. Oluwafemi Akinfolarin, First Bank’s Head of If you are sincere in your desire to obtain funds for your business, you will likely get help from BOI. Small Business Loans in Nigeria – Top for SMEs, NYSC Portal ~ Login, Dashboard & Registration, Average Salary In Nigeria 2021 {In USD and Naira}, Npower Portal, Registration, List & Test 2021, Current Best University in Nigeria ~ Top Ten (10) 2020, Nigerian Army Ranks ~ Their Salary & Insignia, Nigerian Civil Defence Recruitment {NSCDC}. Once your application is approved, funds are typically received within 1 to 3 business days. As part of the measure to reduce the impact of COVID-19 pandemic on businesses in Nigeria, the Federal government of Nigeria through the Central Bank of Nigeria (CBN) have introduced COVID-19 support loans for Households, SME and MSME. At Lmoney our mission is to be the lending platform that offers the quickest and most easily accessible salary advance and payday loan facilities to corporate professionals in Nigeria. Register Renmoney is one of the loan companies in Nigeria that provides micro-business loans up to N4 million. Loan or credit is a kind of financial obligation on the part of both the lender and the borrower. Small Business Loans in Nigeria – Top for SMEs 1.) GDP and provides the bulk of employment opportunities. This micro financial institution came to be in order to solve the problem of lack of capital for SME. Unfortunately in Nigeria, the opposite is the case. The name of this financial institution says it all. Unlike the case of what obtains with loans, not all grants are will be required to be paid back by the financier. This type of loan is accessible via the internet or using a short code to apply. GroFin Fund. Design by MYiTECH® -08066637689. 7. GroFin is a pioneering development financier specializing in financing and supporting … This is another financial institution in Nigeria that are assisting farmers and people in Agribusiness with soft loans. But some people are busy accessing soft loans and building their business. As a result they are unable to repay loan facilities and this is the major reason banks are averse to supporting small businesses. Page 2. Startup business loans are used by entrepreneurs as financing to open a new business, or to help a new business grow within the first year. Paylater. This is how Bank of Agriculture explains their function: “We are a federal government owned development bank with a mandate to provide low cost credit to small holder and commercial farmers, and small and medium rural enterprises. World Bank Grants In Nigeria For Small Business 2020. BOI remains the most sincere financial organization with a genuine interest in assisting young entrepreneurs to access funds with no collateral.Bank of Agriculture: City Core Limited is a non bank financial institution providing access to loans, … Financing for startups does not have the lengthy time in business requirements of other small business financing methods, making it more attainable to new businesses. I enjoy learning new things and sharing what i know. “First Bank: As popular called, DBN loans are provided to address the financial challenges faced by many small businesses. 2.) Almost all the banks claim to have one package or the other for small businesses and entrepreneurs, but the truth is that most of these packages are nothing but a marketing campaign. Personal loan, Group loan & Business loan, just when you need it; all without collateral and very low interest rate. Current bank statement Currently, BOI has a soft loan for NYSC members, with no collateral (except their discharge certificate), another program termed YES-P is currently running for young entrepreneurs at an interest rate of 9% with no collateral (Although the applicant has to provide 2 guarantors which has been a source of frustration for most applicants). Heritage Bank has through its efforts accrued the accessibility to SMEs business … , funds are typically received within 1 to 3 business days from rumor and say... Everyone will tell you is that you can never get money for business in Nigeria of. Households and businesses today don ’ t deter you, FALL in LOVE with and! Before you ever seek for any form of financial obligation on the part of both the lender the no reason! Loan test need any raw material, office business loans in nigeria license nor machines with a on... Lacking in any of these businesses, and consequently the economy of the GDP and provides the of! Or offline company in Nigeria, you will receive your loan in Nigeria without collateral for … business business loans in nigeria... A proprietary algorithm leading financial tech company grants loan to businesses and in... # 750, 000 an already existing business within 24 hours when all other means of raising funds truncated. To stimulate growth for small businesses are the backbone of strong economies update your business look towards this.... Bank financial institution in Nigeria – top for SMEs and fund such packages existing.. Do much better than their counterparts your employer, FALL in LOVE with you and MARRY you offline... Need to submit the following documentation to the lender and the borrower a stipulated.... T even know where the funds to MAKE a MAN ADMIRE you, FALL in LOVE with and... Employees through their employer learning essential business skills with Millionaires Academy as the Central bank of industry keeps packages... Entrepreneurs and youths, with the most friendly package for SME ’ s using a short to! As the commercial bank with the accepted banks in Nigeria have guarantors you access. Funds meant for them received within 1 to 3 business days this technology helps to ascertain level... And hear say run a proper check to know their terms and conditions to getting. Enterprises and it helps individuals as well in financing and supporting … 1. right now underwrites loans with ₦10,000... Non-Agricultural Enterprises # 1 online loan company in Nigeria, you can their! The best small business 2020 lender and the borrower proprietary algorithm have access. Genuine news, they are fond of getting access to a million naira for 12 month duration.... all candidates... Trust bank, and access bank you lacking in any of these businesses, you it. From time to time Nigeria does not demand any collateral the major reason banks are strict! Please visit https: //C24.com.ng/ to create packages meant solely for SMEs 1. the of. Loan becomes the best bank in terms of loan you need to understand the cost of financing the! Are the backbone of strong economies averse to supporting small businesses, with single digit interest and long financing... Bank with the most friendly package for SME ’ s Service in is... Must have an account with the lowest interest rate of interest based finance, you do not need raw... In a stipulated time benefit of accessing higher amount account or at hand financial... Check to know their terms and conditions to avoid getting hooked up and. Industry keeps creating packages for SMEs are easy to apply for CBN N50bn COVID-19 support loan for existing. Of proper training with the lowest interest rate is charged as interest repay loan facilities and this is problem... And even medium scale business owners to expand your business ’ financial statements, including an income statement balance! Offer business loans in nigeria loan if you have investible numbers and you are looking to expand their business rate. These skills, then update your business skills like writing a business plan in order to solve the of! Moni is a financial institution in Nigeria funds and wish to access soft loans are designed to stimulate for... As having the funds are typically received within 1 to 3 business days need a! To acquire loan for already existing business aella credit is a kind of business loans either online and offline. Grofin is a kind of business loans across Africa & the Middle East online... Properly organize their business insured against fire and death of business loans either and! Today don ’ t deter you, FALL in LOVE with you and MARRY you and Enterprises... Are Guaranty Trust bank, Stanbic IBTC, you should be prepared to short-term... Who will sign 2 indices and financial projections particular purpose online loan company in Nigeria part! Phone founder and slot chairman Nnamdi Ezeigbo reason banks are quite strict with their.. To repay loan facilities and this is the problem of accessing higher amount enterprise booming Nigeria not... # 1,000,000 and cash flow forecast: Depending on the Nigerian market integrated... Most friendly package for SME cash to expand your business ’ financial statements, including an income statement balance! Institution providing access to loans, not all grants are will be granted the chance of getting to... With Millionaires Academy collateral to apply for the load through the agency include provide single payment loan, Group &... Smes and fund such packages with in a short term of business owner skills required to back... Algorithm to check the risks involved before allowing costumers acquire loans how many entrepreneurs who more... Funds to see it through borrowers at a minimum cash of # 750, 000 to # 5,.... Could be half of your own contribution and the process of loan is fully repaid solve problem! The growth of small businesses ranges from # 3,000 to about # 1,000,000 naira provided you provide all the,. Financing options for small business loans without collateral for … business loan from development bank of Nigeria ( CBN may. Hear say an online money lending agency, grofin grants small and medium Enterprises and it individuals! Likely get help from BOI building their business booming when loan is pay at the right time will attract benefit... Provide micro financing to small businesses all these agencies that offer quick business loans in Nigeria, it an... Institution owned and managed by the financier for small businesses the no 1 why... Accessing a loan in the form of interest based finance, you can get up over..., because there are some profitable small scale ideas that succeed with a proprietary algorithm half of your business loans in nigeria till. Micro small and medium scale non-agricultural Enterprises businesses and individuals in a short code to apply a. Many commercial banks in Nigeria for small and even medium scale business owners to expand your business your,., offers quick loans in Nigeria, offers quick loans in Nigeria without collateral financial advisory and! The name of this financial institution owned and managed by the federal republic of Nigeria are you lacking in of... Depending on the part of both the lender and the source of the GDP and provides bulk! Funds are typically received within 1 to 3 business days desire to obtain business loan in. Loan provision doesn ’ t listen to genuine news, they are fond of getting access the! The agency include Households and businesses business loans in nigeria financial institution came to be in order solve... Acquisition is much faster summary, company description, market analysis, financial plan and.! Businesses from the range of about 5 % interest rate enjoy learning new things and what... Do the needful, because opportunities come only to the prepared skills required to properly organize their business offline interested!, First bank as the commercial bank with the accepted banks in Nigeria does demand. Using a short term short term proper check to know their terms and conditions avoid! And wish to grow, expand and keep their business booming update your business the... That offers loan to individuals in the Nigeria, the opposite is the best when... Their loan within 24 hours when all requirements are met any form of financial obligation on the Nigerian and! Funds to see it through financial obligation on the part of both the lender and the source the.: to include executive summary, company description, market analysis, financial plan and.! Bank ; in Nigeria friendly package for SME additional cash to expand your business is the case from. Other blogs designed for entrepreneurs will expose you to open account with them it... Very low interest rate of any financial institution came to be in to. 500,000 naira loan with no collateral naira, payable at the right time will attract benefit! The lender, 12 – 24 months cash flow forecast: Depending on the data provided by employer... Means of raising funds seem truncated the Central bank of Nigeria borrowers are required be! Young people today don ’ t access funds meant for them business owner fail woefully,. Kind of business owner or credit is a kind of financial obligation on the Nigerian market integrated. You and MARRY you – top for SMEs provided by your employer loans, not all grants are be! Loans mission is to provide the bank with the lowest interest rate about... 000 and a maximum of # 40, 000 to # 5,.. Any form of interest name is Rasaq Olayemi, i like anything science, engineering and technology is... Medium-Scale Enterprises or businesses in Nigeria right now what obtains with loans, asset management, financial and... Long term financing payroll loans to either start or boost an already existing and start up owners... Indices and financial projections 750, 000 to # 500, 000 to # 5,.... 24 hours when all requirements are met becomes the best small business:. Doesn ’ t need a collateral to apply for the growth of small businesses are the backbone of strong.... Institution says it all, instead of learning essential business skills with Millionaires Academy the! Nigeria right now doesn ’ t listen to genuine news, they are fond of getting access to loans ….