NYIF Application Form – How To Apply For Nigeria Youth Investment Fund. This is to inform Nigerians, that the application portal for the N75 Billion Nigeria Youth Investment Fund (NYIF)! is now open for registration for all applicants.
The Nigeria Youth Investment Fund (NYIF) application portal is officially open! and the registration kick-off on 13th October 2020. The NYIF is an initiative of the Federal Ministry of Youth and Sports Development Funded by the Central Bank of Nigeria.
This is an amazing opportunity for all Nigerian youths, as much as you are eligible and you meet the requirements. Basically, the program aims to assist Nigerian Youths with business ideas or existing businesses! that require funding to grow or establish their businesses.
However, the Nigeria Youth Investment Fund aims to reach 500, 000 Nigerian youths annually from 2020 to 2023. The fund that will be given among applicants will range from N250, 000 to N50, 000, 000 only.
Also, the repayment plan for the working capital is one year, while the term loan will be paid at a three-year period at a 5 percent single interest rate.
Requirements For Nigeria Youth Investment Fund
To participate in the ongoing Nigeria Youth Investment Fund registration; you will have to meet the below criteria.
- One of the requirements is that you must be a Nigerian.
- You must be between 18 – 35 years of age.
- Must have a Biometric Verification Number (BVN)
- The CAC registration number is not compulsory.
NYIF Application Form
To apply for the Nigeria Youth Investment Fund kindly;
- Click on https://nyif.nmfb.com.ng/Applicants/New
- Fill in your full name (Surname, Middle Name, and First Name).
- Enter your BVN and click Next.
- Click Next.
- Fill in the following details ( E-mail address, Phone Number, Gender, Residencial Address, State, and Local Government).
- Then click on the Next button.
- Enter, your Geo-Political Zone, State of Origin, LGA, and Educational Level and click Next.
- Choose your preferred training center.
- Select how you heard about NYIF
- Tick the small box that the information you filled in is correct and true.
- Finally, click on Submit.
- You will receive a Congratulatory message that your request has been submitted successfully.
Note that there is No training fee, the training will be online, and the training duration is 5 days.
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