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

 In this article, we 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 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

READ ALSO

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. 


A good business idea

Age: Not more than 35 years.

Mobile or Smart Phone

Gender

Residential Address

Geo-Political Zone

State of Origin

LGA

Educational Level

Select Preferred Training Center

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;


 

Visit the NYIF application portal: https://nyif.nmfb.com.ng/Applicants/New

Type in your First name, Middle name and Surname.

Type in your BVN and click the “Next” button.

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. 




 


Comments

Post a Comment

We LOVE reading your comments, suggestions and reactions...please keep them coming..Don't forget to also use the 'LIKE' and 'SHARE' buttons as well.thanks..

Popular posts from this blog

AN EXPERIENCE I WOULD NEVER FORGET!!!

Experience i'd never forget. It's long but please read to the end.. It started when I was in primary school...primary 4 to be precise..I was a typical teachers'  favorite. Guess it's because I was kind of like on the bright side then..a whiz kid..hmm.. Teachers in school would always call me to either help mark their pupil's scripts or help record grades for them...i'd always do it with all happiness. Then there was this teacher...our headmaster. ..a self acclaimed pastor..Thinking of him now  and everything he did, makes me wonder  why people who aren't called by God, say they are pastors.. Now, this is how it started..he called me to his office the very first day(usually we would go to a class, where he'd show me what to do, maybe record grades or something) but that day, we  met at his office.. I got in and he closed the windows immediately..i could tell he was getting tensed..like something was about to happen..he was sweating ...
Continue Reading »

LADIES KNOW YOUR WORTH!! DON'T LET HIM TAKE YOU FOR GRANTED

Image
HI EVERYONE!!! Ladies please don't ever make this mistake.. Don't allow any man take you for granted.. especially when you are not even married to him yet. If you are dating any guy and you show him signs that you are head over heels in love with him, and maybe cannot do without him, if he's not mature enough he'd start taking you for granted..Yes it is good to give your relationship everything you've got to make it work but please don't lay yourself at the mercy of this creature-man. When you act like you can't be happy on your own,you can't make decisions on your own,you're always calling and when he doesn't call, you'd start nagging.... that's how it starts, he begins to feel like the boss..and starts thinking your every action is for him and him alone, then you are FINISHED! A girl would put all her mind in her so-called guy, he'd be in charge of her happiness that when he quarrels with her, her day is ruined and at...
Continue Reading »

Top 15 USA Scholarships for African International Students

Every year many American Universities and Governmental agencies sponsor many scholarship programs to students across the world. Some of these scholarship programs of which are granted by merits and others having their various criteria. Also, some of these scholarship programs offered to students are fully funded, while, some grants to cover for a short while. And others cover only the tuition of the scholars. They are many reasons any student will wish to undertake a program in the United States. Considering the favorable atmosphere, standard educational facilities and serene learning environment. READ ALSO The Best 60 Free Online Courses with Printable Certificates 2020 Top 10 US Embassy Scholarship For International Students The Ten Best USA Scholarships for International Students 5 Common Mistakes You Must Avoid While Applying For Canada Permanent Residency Visa However, knowing that African has a degrading educational system, our team of professionals have come together to...
Continue Reading »