The Nigerian Youth Investment Fund (NYIF) was set up as an initiative of the Federal Ministry of Youth and Sports Development (FMYSD) and funded by the Central Bank of Nigeria (CBN) to invest in youth ideas to build sustainable businesses that can activate enterprise and increase job opportunities in Nigeria.
Have you been looking for a way to apply for the Nigeria Youth Investment Fund NYIF Loan? If yes then we have good news for you! The NYIF Loan Application Portal Is Live Again.
You can access up to N3 Million Credit Facility Dedicated to investing in the innovative ideas, skills & talents of Nigerian youths aimed at turning them into entrepreneurs, wealth creators and employers of labour
Who Is Eligible?
1) Individuals/Non-registered Businesses
a. Individual within the age bracket of 18 to 35 years
b. Has a valid BVN and means of ID
c. Provision of Business plan Summary or Completed Questionnaire
d. Entrepreneurship Training Certification from FMYSD Entrepreneurship Development Institutes (EDIs)
2) Registered Businesses
a. Formal business enterprises (Youth owned enterprises), duly registered with the Corporate Affairs Commission (CAC)
b. Business plan Summary or Completed Questionnaire
c. Valid Bank Verification Number (BVNs) of Directors
d. Provision of Tax Identification Number (TIN)
e. Entrepreneurship Training Certification from FMYSD EDIs
How to apply
To apply for the NYIF Loan, Simply
Click here to apply
Leave a Reply