Nigerian Youth Investment Fund registration 2021 Portal is officially open. Nigerian Youth Investment Fund (NYIF) is a government initiative created to support youths in business financially.
The Nigerian youth investment fund application portal is now open for the Nigerian Youth to submit their applications. The Nigeria youth investment fund (nyif) application portal opened on 13th of October 2020 and it’s for Nigerian Youths from the age of 18- 35 years that met the requirements.
The online registration form is free, we will work you through all the online registration guidelines.
if you want to apply for nyif registration form, then you need to kindly take your time and go through the complete information we have on this page.
Nigerian Youth Investment Fund Registration available to all qualified candidates. If you have interest in filling the form, then you need to go through online registration requirements.
Nigerian Youth Investment Fund Registration Financial Programs
Complete your
- Payroll Support Registration
- Guaranteed Offtake Registration
- www.survivalfund.gov.ng
- NYIF Application Portal
- www.survivalfundapplication.com
- Nigeria Youth Investment Fund
- nyif.nmfb.com.ng
NYIF Application Form 2021
https://nyif.nmfb.com.ng/Applicants/New
NYIF Application Portal
NYIF Portal Login
Login to check NYIF shortlisted candidates.
https://nyif.nmfb.com.ng/ApplicantDashboard/Business/Login
NYIF Loan Application Form 2021
NYIF Loan Application portal
NYIF Implementation Framework
Nigeria Youth Investment Fund NYIF
- Type Entrepreneurs
- Organisation Federal Ministry of Youth and Sports Development (FMYSD)
- Country to study –
- School to study –
- Course to study Not specified
- State of Origin
- Gender Men and Women
- Application Deadline Not Specified
Aim and Benefits of Nigeria Youth Investment Fund NYIF
fund aims to reach 500,000 youth annually between 2020 and 2023. 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 single digit interest rate of 5%.
- GLOBAL LIMIT : N12.5 billion
FACILITY TYPE : Term Loan
SINGLE OBLIGOR LIMIT: Individual / Non registered Business: Up to #250.000.00 | Registered Businesses( Business Name, Limited liability/ Corporative Societies / Commodities Associations): Up to N3,000.000.00. - LOAN TENOR : Maximum of 5 years
- MORATORIUM : Maximum of 12 months
- Repayment Structure : Repayment will be on installment basis inline with businesses and NMFB evaluation.
Requirements for Nigeria Youth Investment Fund NYIF Qualification
FORMAL BUSINESS ENTERPRISES- Youth Owned Enterprises
- Duly registered formal business enterprises (Youth owned enterprises) with Corporate Affairs Commission (CAC)
- Provision of Business plan Summary / Or Completed Questionnaire
- Evidence of Training Certificate from approved FMYSD EDIs
- Valid Bank Verification Number (BVNs) of Director
- Provision of Tax Identification Number (TIN)
INFORMAL BUSINESS ENTERPRISES (INDIVIDUAL li SOLE PRORIETORS)
- Must be a Nigerian youth within the age bracket of 18 to 35yrs
- Have an operational business /enterprise domiciled In Nigeria (Those with unregistered business can also apply)
- Has not been convicted of any financial clime in the last 10 years
- Valid Bank Verification Number (BVN)
- Evidence of Local Government Indigene Certificate
INEGIBILITY
- Beneficiaries of NMFB loans (such as Targeted Credit Facility TCF) and Agribusiness/Small and Medium Enterprises Investment Scheme (AGSMEIS) that remain unpaid are not eligible to apply.
- Beneficiaries of other Government loan schemes that remain unpaid are not eligible to apply.
Checkout: Scholarship for All – Click Here to Apply
Documents Required for Application
- Training Certificate from approved FMYSD EDIs
- Evidence of registration with Corporate Affairs Commission (Certificate of Incorporation and Form CAC 2A
- Valid Bank Verification Number (BVN) for Individuals and Directors
- Evidence of Local Government Indigene certificate
- Duly completed Application form
- A copy of Birth Certificate
- Valid Tax Identification Number (TIN)
- A Summary Business plan / Questionnaire
- Valid means of Identification (Voter’s Card. Drivers License. National ID/NIN Slip 3. International passport)
- Automated two years bank statement analysis.
Application Deadline
Not Specified
How to Apply
Interested and qualified? Go to Federal Ministry of Youth and Sports Development (FMYSD) on nyif.nmfb.com.ng to apply
NYIF Application Process – Step By Step Guide
Here is a step by step guide on how you can successfully apply for the ongoing Nigeria Youth Investment Fund (NYIF)
Step 1: Visit NYIF Application Portal for the Application Form
Click on the link above to open the NYIF application portal. Once the NYIF portal loads, you will see the application form.
Step 2: Enter Your Personal Information
Enter the following personal information
- First Name
- Middle Name
- Last Name (Surname)
- BVN
When you are done filling the above, click the “Next” button
Step 3 – Chose Preferred Training Center
Click on the select box to chose the training center of your choice. The following training center options are available;
- National Youth Development Center (North-Central)
- National Youth Development Center (North-West)
- National Youth Development Center (North-East)
- National Youth Development Center (South-East)
- National Youth Development Center (South-South)
- National Youth Development Center (South-West)
- Federal Ministry of Youth Sports and Development
Step 4: Select How You Heard About NYIF
The 4th step is a select box asking you how you knew about NYIF. The following options are available
- CBN
- NMFB Staff
- SMS
- Google Ads
Step 5: Accept NYIF Terms of Service
The 5th step is a check button requesting you to confirm that the information you provided is true and correct. Click on the button to accept
Step 6: Submit Your Application
Click on the submit button to finally finish your application.
Note
- No training fees required
- Online Training only
- Training duration is 5days
The Nigeria Youth Investment Fund registration portal is https://nyif.nmfb.com.ng/Applicants/New .
The youth investment fund application form is found on the page when you open the link above
The youth investment fund portal has no closing date yet
For more details visit Nigeria youth investment fund website
How To Apply For Scholarships – And Get Taken
Want to study abroad? Find Ongoing Scholarships to Study Abroad Here
Joecrackconcept.com
Share this Federal Government of Nigeria Youth Investment Fund 2021 for young Nigerian Entrepreneurs
Subscribe for scholarship alert.
Be among the first to know whenever new Federal Ministry of Youth and Sports Development (FMYSD) is going on. Enter your email address and click the Subscribe button ↓
How to be updated regularly
Kindly subscribe to the site using your Email address for more updates for FREE
- Subscribe to the site www.joecrackconcept.com using your Email address. Subscription is totally FREE
- LIKE our Facebook page for direct updates
- FOLLOW our Twitter News Handle for updates
- In case of any issue or challenge or questions, Click Here
Leave a Reply