Nigerian Youth Investment Fund (NYIF) Registration 2021 Form – Apply Now

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

https://nyif.nmfb.com.ng

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

https://nyif.nmfb.com.ng/app

NYIF Implementation Framework

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.

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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

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