What Is Nigeria Youth Investment Fund
Nigerian Youth Investment Fund is a government inventiveness created to improve the economy of Nigeria through leverage and access to finance for youths.
The fund hopes to serve as a catalyst to unleash the potential of the youth and enable many of them build businesses that will increase the employment rate.
The NYIF aims to reach 500,000 youth annually between 2020 and 2023. Each fund approval will range from N250, 000 to N50, 000,000, with a spread across group applications, individual applications, working capital loans set at 1 year and term loans set at 3 years with single digit interest rate of 5%.
Disbursement will be through various channels, which will include micro finance, finance firms and deposit money banks regulated by the Central Bank of Nigeria and supported by Bank of Industry.
Start or grow your own business with the help of a government-backed loan and free business support. A great alternative for individuals looking for business loans to fund their business.
How To Apply For Nigeria Youth Investment Fund
The government has officially unveiled the registration portal for the N75 Billion Nigeria Youth Investment Fund (NYIF), thereby paving the way for interested young Nigerians between the age of 18-35 years old to apply.
Successful applicants will undergo 5 days of compulsory online training which is free.
Fund approval will range from N250,000 to N5,000,000 with a spread across group applications, individual applications, working capital loans set at 1 year, and term loans set at 3 years.
- Visit NYIF
- Type First Name , Middle Name , Last Name and BVN
- Select Preferred Training center
- Select how you heard about NYIF
- Select NYIF Trems and submit form
• Residential Address
• Geo-Political Zone
• State of Origin
• Educational Level
• Select Preferred Training Center
• How did you hear about NYIF?