The NYIF is an initiative of the Federal Ministry of Youth and Sports Development and funded by the Central Bank of Nigeria (CBN), which would be spread over 3 years to cater to youth-owned businesses and investment needs.
The CBN Youth Investment Fund is dedicated to investing in the innovative ideas, skills, talents and enterprise of the Nigerian youth with the aim of turning them into entrepreneurs.
The Nigerian Youth Investment Fund (NYIF) 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%.
General Eligibility
Formal Business Enterprises – Youth Owned Enterprises
Informal Business Enterprises (Individual / Sole Proprietors)
Documentation Required
Interested and qualified youths with business ideas that require funding can apply for the fund through the following application portal – https://nyif.nmfb.com.ng/Applicants/New
We thought you should also know about
Nasarawa State College of Education Recruitment 2020 for Non-Academic Staff
UBEC Screening Exam Date 2020 – Federal Teachers’ Scheme (FTS ) Shortlist Examination Update 2020
MTN Nigeria Recruitment 2020 for a Chief Marketing Officer Position
Federal Teaching Hospital, Ido-Ekiti Recruitment 2020/2021 – 11 Job Positions
Register for Nigerian Army Recruitment (80RRI) for Trades/Non Tradesmen & Women 2020
Corona Virus: Recommendations to Safeguard Yourself from COVID-19
5G Network: Everything you need to Know About 5th Generation Network – Spark Gist
12 of the World Worst Epidemics and Pandemics Disease in History – Spark Gist
Honey and Health Benefits: 9 Benefits/Importance of Consuming Honey that you don’t know
University of Africa, Toru-Orua Recruitment 2024/2025 - Recruitment for Academic and Non-Academic Staff Positions at the University of Africa, Toru-Orua.…
Akwa Ibom State Government Recruitment for Arise Youth Application Form Portal 2024 – Akwa Ibom State this is to inform…
FIRS Recruitment Application Form 2024/2025 Open - This is to inform the general public that the Federal Inland Revenue Service…
Federal Inland Revenue Service Recruitment Portal 2024 is open. This page contains step by step guide on how to apply…
UAE Work Visa Apply now - The Service of Labor issues a Brief Work Allowance in Dubai to the individual…
Luxembourg Labor Jobs with Visa Sponsorship - Luxembourg is renowned for its high quality of life, security, and dynamic economy.…