Opportunities

How to Apply for Nigeria Youth Investment Fund (NYIF) – Application Form Portal & Requirements – www.nyif.nmfb.com.ng

In this article, I will show you how to apply for NYIF  NMFB loan called Nigeria Youth Investment Fund (NYIF). See NYIF loan value, interest rate, requirements, and how to apply.

The NYIF is an Initiative of the Federal Ministry of Youth and Sports Development funded by the Central Bank of Nigeria. The application form is available at the NYIF application portal – www.nyif.nmfb.com.ng.

The Federal Government of Nigeria, through the Federal Ministry of Youth and Sports Development, has officially launched the NYIF application form for the N75 Billion Nigeria Youth Investment Fund. By so doing, interested Nigerian Youths between the ages of 18 to 35 years can apply to get

What is Nigeria Youth Investment Fund (NYIF)?

The Nigeria Youth Investment Fund (NYIF) is a Federal government loan in partnership with the Central Bank of Nigeria and the Ministry of Finance, Budget and National Planning. The loan has five a years tenure with a moratorium of up to 12 months.

NYIF interest rate:

5% per annum. The loan provided under NYIF had an interest rate of five per cent per annum.

As we speak, a total of N75bn has been made available and will spread over three years to cater to youth-owned businesses and investment needs in Nigeria.

NYIF Loan Value: 

Nigerian Youths who are applying as individuals or non-registered businesses can get up to N250,000, while youth-owned registered businesses could apply for up to N3m. You see how to register your business in Nigeria.

NYIF payment bank: NISRAL Microfinance Bank (located in almost all states of the federation).

Nigeria Youth Investment Fund Requirements

These are the things and information you need to apply for the ongoing NYIF loan. 

  1. A good business idea
  2. Age: Not more than 35 years.
  3. Mobile or Smart Phone
  4. Gender
  5. Residential Address
  6. Geo-Political Zone
  7. State of Origin
  8. LGA
  9. Educational Level
  10. Select Preferred Training Center
  11. How did you hear about NYIF?

How to Apply for Nigeria Youth Investment Fund (NYIF)

Youth with business ideas that need funding can apply for the NYIF loan follow the instructions below;

  1. Visit the NYIF application portal: https://nyif.nmfb.com.ng/Applicants/New
  2. Type in your First name, Middle name and Surname.
  3. Type in your BVN and click the “Next” button.
  4. Follow the form fields to complete the form.

How to Succeed

Please note that the N75 Billion Nigeria Nigerian Youth Investment Fund is a dedicated fund aiming at investing in innovative ideas, skills, talents, and enterprise of the Nigerian Youth. The main goal is turning Nigerian Youths into Entrepreneurs, wealth creators and employers of labour contributing to national development.

Therefore, you succeed in getting this loan, you have to submit a killer business idea that has the potential of changing lives. We have various great business ideas you can choose from. See the list below;

20 Best Work from Home Business Ideas in Nigeria

20 Business Ideas you can Comfortably Start with N100,000 in Nigeria

10 New Business Ideas in Nigeria to Start

 50 Most Lucrative Business Ideas in Nigeria

20 Best Home Based Business Ideas in Nigeria

50 Untapped Business Ideas in Nigeria

50 Good Business Ideas to Start in Nigeria

20 Business Ideas You Can Start Without Capital

Top 10 Business Ideas You Can Start With ₦100,000




This post can be helpful to somebody else, please share it on Facebook, Whatsapp, Telegram and Twitter. There are buttons below for this (easy to use too)!

Copyright Warning!

Contents on this website may not be republished, reproduced, redistributed either in whole or in part without due permission or acknowledgment.

.
Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,.

.
All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).

.
We publish all contents with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us at [infoguidenigeria@gmail.com] to file a complaint and we will take necessary actions immediately.



🤑 Start making money from home today!

👉 Get correct FREE TIPS and Guides on how to make money from home today. Click here to start

.

.

👍Advertise your business here!

With over 1M unique users per month across all channels, we have a large audience for you to showcase your products and services. Simply get in touch via 👉 marketing@Infoguidenigeria.com.

 

🤑 Make Money now!

👉 Make money writing for us. Apply for Freelance writing jobs in Nigeria.

👉 Make Money as InfoGuideNigeria Advertising Agents, read more here

.

Ifiokobong Ibanga

Ifiokobong Ibanga is the founder of InfoGuideNIgeria.com. You can get in touch with him on Instagram @ifiokobong. If you need a personal assistance on this topic, kindly send a message. Much Love!

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button

It looks like you're using an ad blocker!

This website InfoGuideNigeria.com is maintained by the advertising revenue and we noticed you have ad-blocking enabled. Please disable Ad-Blocker