Nigeria Youth Investment Fund 2021/2022 Application Portal Reopens for Fresh Applicants • [NYIF Registration Portal Login • nyif.nmfb.com.ng ]

Nigeria  Youth Investment Fund  Portal • How to Apply online for  Nigeria Youth Investment Fund application 

The federal government has given out the link for Nigerian youths to access funds for investment.

Note : Take your time to read get full details before you click the apply button

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Nigeria Youth Investment Fund (NYIF) Loan 2021/2022 Application Portal is LIVE again, interested and qualified applicants can now apply for Nigeria Youth Investment Fund Loan as the portal is live again, please don’t miss this golden opportunity.

NYIF Loan 2021/2022 Link Portal allows you to 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.

 

The Nigeria Youth Investment Fund Portal is now open for fresh application and everyone who is interested is free to apply online via NYIF portal. The registration portal is live and the link is www.nyif.nfmb.com.ng. THIS APPLICATION PROCESS IS FREE. Do not pay any money to any body claiming to be an Agent of Nigeria Youth Investment Fund

Here, we want to guide you on the easy steps to apply for the Nigeria Youth Investment Fund (NYIF) Loan and qualify to get the loan.  We will show you how you can make good use of this opportunity for Nigeria Youths and get the loan to start up a business or support your existing business to grow.

This article will help you to know more about Nigeria Youth Investment Fund (NYIF) Loan Application Form, to know if you are eligible to apply and how to apply/register online. Get started below:

Requirements for Nigeria Youth Investment Fund (NYIF) Loan ( Individuals )

1. You must be a citizen of Nigeria
2.  Your birth certificate.
3.  Active email address.
4. Registered business.
5.  Present recognized means of identification.
6. Provide your guarantors.
7.  Potential beneficiaries are expected to have a findable business idea.
8. an individual and group can apply for the loan.
9.  Individual within the age bracket of 18 to 35 years
10. Active bank account..
11. Has a valid BVN and means of ID.
12. Provision of Business plan Summary or Completed Questionnaire
13. Entrepreneurship Training Certification from FMYSD Entrepreneurship Development Institutes (EDIs)
14. Individuals/Non-registered Businesses

For  Registered Businesses

• Formal business enterprises (Youth owned enterprises), duly registered with the Corporate Affairs Commission (CAC)
• Business plan Summary or Completed Questionnaire
• Valid Bank Verification Number (BVNs) of Directors
• Provision of Tax Identification Number (TIN)
• Entrepreneurship Training Certification from FMYSD EDIs

 

How to Apply for the  Nigeria Youth Investment Fund

• Potential beneficiaries are expected to have a fundable business idea.
• Registered business
• Must be a citizen  of Nigeria
• Present recognised means of identification and guarantors.
• Also, the Ministry of Youth and Sports claim that the safeguards built around some specifics being crafted around the fund will ensure that potential beneficiaries do not need to know anyone or be “connected” to access the fund.

 

Who qualifies?

It is meant to cater to the investment needs of those 18-35. An individual and group can apply for the loan.

Who provides fund:

The Ministry of Finance, Budget and National Planning (MFBNP) and the Central Bank of Nigeria (CBN) will provide the financing to kick-start the Nigeria Youth Investment Fund (NYIF).

Loan range

The Loan, whose aim is to meet 500, 000 youths from 2020-2023, ranges approval will range from N250, 000 to N50m with a spread across group applications, individual applications, working capital loan set as one year and term loan set at three years with a single-digit interest rate of 5%.

A minimum of N25 billion each year in the next 3 years, totalling N75billion will be required to ring-fence the NYIF. For the remaining parts of 2020, N12.5 billion will be needed to kick start the NYIF. It is expected that successive governments will keep the fund alive.

Disbursement Procedure

It would be disbursed through various channels like Micro Credit Organisations across the country under the Central Bank of Nigeria supported by BOI, Fintech Organisations and Venture Capital Organisations registered with the CBN.

Why it is different from other loan? 

NYIF provides a single-window of Investment Fund for the youth thereby creating a common bucket for all Nigerian youth to access Government support. Providing less cumbersome access to credit and finance for the average Nigerian youth and help lift thousands of the youth out of poverty and birth a whole generation of entrepreneurs.

Ejes Gist Media reported that the Federal Executive Council approved the establishment of a N75 billion NYIF to support enterprise among 68 million Nigerian youths between ages 18 and 35.

The Minister of Youth and Sports Development, Sunday Dare, explained that the funds will not just be randomly distributed among youths, but will be used to assist the most qualified ones with genuine business ideas.

“For the first time in the history of Nigeria, the Federal Executive Council today approved the establishment of the Nigerian Youth Investment Fund (NYIF) to the tune of N75 billion,” he said.

He explained that qualified youths who fall within the stipulated age bracket and have genuine business ideas “can approach any of the 125 micro-credit banks across the country to access it.

The minister added that the fund is meant to create a special window for accessing credit facilities and financing on the part of youths that will help to fund their ideas, innovations and also support their enterprise

To apply and submit your application form online

CLICK HERE TO APPLY ONLINE

• Access the application form and input your personal details like

1. First Name
2. Middle Name
3. Last Name (Surname)
4. BVN

• The next step is for you to choose the training center that is closer to you.
• Then you have to let them know the source from where you got the information about the scheme.
• Finally accept the terms and conditions before submitting your form.

Feel free to ask us questions about Nigeria Youth Investment Fund (NYIF) Loan 2021 / 2022 Application. Our team will respond to you, we promise to update you if there are any changes. All you need to do is to follow us via social media platform.

The project is expected to run for three years between 2021  to 2023 

Please take note, the application process is free of charge. Once you have been able to register, you can then attach the needed document and apply for the NYIF NMFMB NIRSAL Loan successfully.

FAQ

How to Apply for the  Nigeria Youth Investment Fund”

Potential beneficiaries are expected to have a fundable business idea. Registered business Must be a citizen  of Nigeria Present recognised means of identification and guarantors. Also, the Ministry of Youth and Sports claim that the safeguards built around some specifics being crafted around the fund will ensure that potential beneficiaries do not need to know anyone or be “connected” to access the fund.”

 

Who qualifies for Youth Investment Fund?

It is meant to cater to the investment needs of those 18-35. An individual and group can apply for the loan.”

Who provides fund for the Youth Investment Fund:”

The Ministry of Finance, Budget and National Planning (MFBNP) and the Central Bank of Nigeria (CBN) will provide the financing to kick-start the Nigeria Youth Investment Fund (NYIF).”

Youth investment fund Loan range” “

The Loan, whose aim is to meet 500, 000 youths from 2020-2023, ranges approval will range from N250, 000 to N50m with a spread across group applications, individual applications, working capital loan set as one year and term loan set at three years with a single-digit interest rate of 5%.”

Why it is the Youth Investment Fund different from other loan? ” 

NYIF provides a single-window of Investment Fund for the youth thereby creating a common bucket for all Nigerian youth to access Government support. Providing less cumbersome access to credit and finance for the average Nigerian youth and help lift thousands of the youth out of poverty and birth a whole generation of entrepreneurs.”