To apply for the Nigeria Youth Investment Fund, all you need to do is fill out the online application form on their website. You will be required to provide your name and email address, then answer a few questions about your business idea and its potential impact on Nigeria’s economy.
Nigeria youth investment fund registration portalÂ
Nigeria youth investment fund application portal: https://nyif.nmfb.com.ng/Applicants/New
The Nigeria Youth Investment Fund is a public-private partnership initiative aimed at improving the lives of Nigerian youths and promoting economic development. The fund was established in 2015 by the Nigerian government, with support from the World Bank, as an instrument to finance youth-led social enterprises that promote innovation, entrepreneurship, and job creation.
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Nigerian youth investment fund portalÂ
The Nigerian Youth Investment Fund is a government-owned program that provides funding to young Nigerians who have a viable business ideas.
Nigerian Youth Investment Fund Application Form
Application Fee: $150.00
Amount of Loans: Up to $5,000.00
Number of Loans: Up to 3
Duration of Loan: Up to 6 months
Who Is Eligible for NYIF Loan?
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1) Individuals/Non-registered Businesses
- Individuals within the age bracket of 18 to 35 years
- Has a valid BVN and means of ID
- Provision of Business plan Summary or Completed Questionnaire
- Entrepreneurship Training Certification from FMYSD Entrepreneurship Development Institutes (EDIs)
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2) Registered Businesses
- Formal business enterprises (Youth owned enterprises), duly registered with the Corporate Affairs Commission (CAC)
- Business plan Summary or Completed Questionnaire
Eligible Activities/Businesses:
Technology/ Innovation
Agriculture and related value chain
Green Economy and Renewable energy sector
Manufacturing
Hospitality/ Tourism
Construction
Logistics and supply chain
Healthcare value chain
Creative sector
Conclusion
The Nigerian Youth Investment Fund is a development fund set up to provide financial assistance to Nigerian youths.
The Nigerian Youth Investment Fund is a development fund set up by the government of Nigeria to provide financial assistance to Nigerian youths. The fund provides grants, loans, and equity financing for youth-owned small and medium enterprises (SMEs) in Nigeria.
The fund aims at providing opportunities for young Nigerians, who have the potential but lack the resources and skills needed to start or grow their businesses.