NERFUND - National Economic Reconstruction Fund


The National Economic Reconstruction Fund (NERFUND) was set up to provide needed medium – to long-term financing to viable Small and Medium scale production enterprises. The grand objectives are to increase the quantum of goods and services available for local consumption and export, provide needed employment, expand our production base and add value to the economy. 

In the words of our President, Commander-in-Chief “the NERFUND is not another cake-sharing exercise. It is designed to aid in the cake-baking process, and as such, fund disbursements by the NERFUND will be based on competitive efficiency”. Since there is more demand for the NERFUND loans than the resources currently available can satisfy, only the most viable projects may benefit from the programme. Your challenge is to put together one of the most viable projects to benefit from the NERFUND programme.


The NERFUND has been very successful in reorientating the nation towards a production culture from the old trading culture. So far, the NERFUND has approved loans for one thousand four hundred and ninety seven projects, valued at over five billion naira (N5b) and disbursed to one thousand three hundred and thirty two projects, valued at four billion, five hundred million naira (N4.5b). This figure excludes those of legacy projects which were sanctioned in the first decade of the Fund’s operation between 1989 and 1999.

The National Economic Reconstruction Fund (NERFUND) was established by Decree No. 2 of 1989 to act as a catalyst towards the stimulation of the rapid rise of real production enterprises in the country.  The NERFUND was specifically mandated to provide long/medium term loans to entrepreneurs through commercial/merchant banks for industrial growth of Nigeria.  For the delivery of these services, the institution focused on its vision, mission and mandate as stipulated by its decree.












All Nigerians are qualified to apply for NERFUND loans either as individuals, Associations, Cooperatives or Corporate Entities/partner institutions. The NERFUND facility is an easy click away; Write a formal application letter and Complete the NERFUND's Biodata Form Click here to know more.


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