NYIF – Nigeria Youth Investment Fund Application 2020- Are you looking for the application portal for Nigeria Youth Investment Fund (NYIF) Bank loan? Do you want to apply for NYIF fund loan via Noya site or the Ministry of youth and sports? Are you looking for steps on how to register for Youth Bank loan of N75billion ? Are you in search of NYIF Loan Application Form 2020/2021?
In a move that underscores his absolute confidence in the innovative skills, talents and industry of the Nigerian youth, President Muhammadu Buhari on Wednesday led the Federal Executive Council to approve the establishment of the Nigeria Youth Investment Fund (NYIF) to the tune of 75 billion naira.
NYIF PURPOSE –
NYIF is to serve as a sort of Youth Bank that will fund and support the innovative ideas, skills, talents and enterprise of the Nigerian Youth; a loan and credit pathway dedicated to assessing credit and soft loans.
The 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%.
- Nigerian Youth within the age of 18 and 35 years
- Youths with Innovative ideas, skills, talents and enterprise
HOW TO APPLY FOR NYIF
The Ministry of Youth and Sports Development has been directed to immediately commence the registration process of NYIF. Application link can be found below
Do you have an existing business or a fundable business Idea?
Application link : https://nyif.nmfb.com.ng/Applicants/New
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