How To Successfully Apply For Nigeria Youth Investment Fund (NYIF)
When i heard about this scheme, i was so happy because it’s a good news. You can apply for Nigeria Youth Investment Fund successfully here. I will urge you to read up this guide and see steps that will help you apply successfully.
This Initiative is currently funded by the Federal Minister of Youth and Sports Development through the Central Bank of Nigeria
I have come to understand that this is another opportunity the Federal Government of Nigeria has put together to Elevate the Poor masses and the youths in particular.
The questions remains, Will you want to be part of this Scheme?
Nigeria Youth Investment Fund (NYIF)
Let me walk you through on latest information about NYIF, this is a scheme that aims to reach 500,000 youth annually between 2020 and 2023. However 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 singe digit interest rate of 5%.
It doesn’t end there, there will be disbursement of funds through various channels which include micro finance, finance firms, and deposit money banks regulated by the Central Bank of Nigeria and also supported by Bank of Industry.
So this scheme is for everybody for now, what you just need to do is to apply, that’s all.
Nigeria Youth Investment Fund is a scheme where you can also grow your business with the help of government-backed loan and free business support which will turn out to be a great opportunity for individuals looking for business loans to fund their business.
NYIF Eligibility and Requirements
To be eligible for Nigeria Youth Investment Fund and access it, then see this;
- Bring Official Government Identification
- Applicants must be between 18-35 years of age
- Notarized Guarantor Form
- Passport photos
- Bank Verification Number
- Training Certificate
- Fundable business idea
- Registered business
- Must be a Nigerian Citizen
- NYSC Certificates for only Graduate
Meanwhile it will make more sense if you do not only read but apply through the NYIF official portal here
How to Successfully Apply Now
login in and apply
enter the url website as www.https://nyif.nfmb.com.ng
