LSETF Broiler Project Loan Programme
Job Description
Lagos-based broiler farmers can now access financing support of up to ₦5 million through the Lagos Broiler Project Loan Programme. This initiative is powered by the Lagos State Employment Trust Fund (LSETF) in partnership with CubeSeed. The programme is designed to support broiler poultry farmers in Lagos State who want to expand production capacity and grow their poultry businesses sustainably. Eligible applicants can access loans of up to ₦5,000,000 at a 9% annual interest rate, with a repayment period of 12 months.
Loan Benefits for the LSETF Broiler Project Loan Programme
Selected farmers will receive a comprehensive financing package tailored to the needs of broiler poultry operations. The LSETF Broiler Project Loan Programme offers terms that are far more affordable than typical commercial lending options.
- Loan Amount: Up to ₦5,000,000 to fund expansion and operational costs
- Interest Rate: 9% per annum, significantly lower than standard bank rates
- Repayment Duration: 12 months with a flexible repayment structure
- Production Support: Assistance for production of up to 1,000 broiler chickens per cycle
This initiative aims to boost poultry production in Lagos by improving access to affordable finance for small and medium-scale broiler farmers. The goal is to increase local food production while creating sustainable livelihoods.
Eligibility Requirements for the LSETF Broiler Project Loan Programme
Applicants must meet specific identification, business, and financial requirements to qualify for this funding. The LSETF Broiler Project Loan Programme is structured to ensure that funds reach genuine farmers who are ready to scale their operations.
Identification Requirements
- Valid government-issued ID such as a National ID, Driver’s Licence, or Voter’s Card
- LIRS Registration ID for tax compliance verification
- LASRRA ID proving registration with the Lagos State Residents Registration Agency
Business and Financial Requirements
- CAC Registration Documents showing legal business status
- Valid BVN for identity verification and credit checking
- Six months of official business bank account statements demonstrating transaction history
Commitment and Security Conditions
- Applicant must provide 5% of the total project cost as a commitment contribution
- Two reliable guarantors are required to support the loan application
- Must be a Lagos resident with verifiable address
- Must be willing to undergo physical farm verification by CubeSeed agents before approval
Who Can Apply for This Loan Programme?
This programme is strictly for broiler farmers operating within Lagos State. Applicants outside Lagos are not eligible. Whether you are a small-scale farmer looking to move to medium-scale production or an existing operation seeking working capital for feed and equipment, the LSETF Broiler Project Loan Programme offers a practical solution.
Why This Loan Programme Matters for Broiler Farmers
Access to affordable capital remains one of the biggest challenges facing poultry farmers in Nigeria. High interest rates from commercial banks often make expansion impossible or too risky. The LSETF Broiler Project Loan Programme removes this barrier by offering single-digit interest rates and a realistic 12-month repayment window. With the added flexibility of the repayment structure, farmers can focus on growing their birds and their business rather than worrying about unmanageable debt.
This opportunity is ideal for poultry farmers seeking affordable capital to scale production without the burden of high commercial lending rates. With manageable repayment terms and targeted agricultural support, the Lagos Broiler Project provides a practical pathway for business growth.
How to Apply for the LSETF Broiler Project Loan Programme
Interested and qualified broiler farmers should complete the application through the official portal. Early submission is strongly recommended as funds are limited and demand is expected to be high. Prepare all required documents before starting your application to ensure a smooth process. Take the next step toward expanding your poultry business today.
