The Creative Industry Financing Initiative (CIFI) is a collaboration between the Central Bank of Nigeria and the Bankers' Committee of Nigeria. It is a part of the efforts by the Federal Government to boost job creation in the country especially among the youths at these trying times.

The loan scheme is targeted at four major categories of the creative industry which are:

1. Fashion
2. Information Technology
3. Movie Industry
4. Music Industry

The available plans of the CBN CIFI Loan are:

1. Fashion business loan (you can apply for as much as will cover your rental/service fees)
2. Information technology business loan (apply for as much as will cover your rental/service fees)
3. Loan for software engineering students to develop software (up to 3 million naira)
4. Movie Production loan (up to 30 million naira)
5. Movie Distribution loan (up to 500 million naira)
6. Music business loan (as much as will cover your training, equipment, rental and service fees).

HERE ARE 5 IMPORTANT STEPS TO SUCCEED WITH CBN CIFI LOAN

Don't just jump up and start applying for the loan. Instead, follow these steps meticulously:

STEP 1 - HAVE A STRONG FAITH: Everything starts from your mind. Thus, the first step to success with this loan scheme is to have a strong faith that you can get it. Often times, Nigerians complain that the government is not doing well. Of course, no one says that the Government is perfect just as it is elsewhere. But many times, we Nigerians miss many opportunities that the government has for us due to our own skepticism. This loan is meant for real Nigerians like YOU and not for spirits or for Americans or Ghanaians. It is for Nigerians from any of the 36 states and the FCT. Those who are already accessing it have only one head just like you. So, YOU can also get it as they did. Believe this strongly from now.

STEP 2 - TAKE IT VERY SERIOUSLY: If you have a strong faith that you can get this loan, how you will know is that you will take it very seriously and not as one of those things you have heard on the internet. Work on it assiduously and without any reservation.

STEP 3 - GET EVERY BIT OF KNOWLEDGE THAT YOU NEED TO SUCCEED: The money is available which is why the Government has made the announcement. However, don't expect that everyone who applies for the loan will get it. Instead, as in everything, only those who know the way will get to the destination.

STEP 4 - TAKE ACTION: Once you have all the knowledge that you need to ensure success with this loan, apply for it according to the knowledge that you have. You can get the circular here https://www.cbn.gov.ng/out/2019/ccd/creative%20industry%20financing.pdf

Then, there will be an online seminar on Telegram today where you are going to be taught more details on how to apply successfully for this loan. Among other things, you will be guided on how to come up with or repurpose your business idea to make your application succeed. If you are interested in joining, you can send your Telegram number to 0705-331-1253.

STEP 5 - REMAIN IN PRAYERFUL ALERTNESS: Whether you are a Christian, a Muslim, or a Traditional worshipper, you can never overemphasize the importance of the spiritual angle to everything. So, after applying for the loan, keep praying for it to pull through. Also, as you pray, keep checking the inbox of your phone and of the email account you must have used to apply. With God all things are possible. It is well. Good luck to you.