NYIF Application Form 2024 – Nigeria Youth Investment Fund Registration (N110 Billion)

Jul 27, 2024

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NYIF Application Form 2024 – Nigeria Youth Investment Fund Registration (N110 Billion)

Are you a Nigerian entrepreneur looking for opportunity to finance your business? Search no more, the Nigerian Youth Investment Fund (NYIF) is back again for the year 2024.

Federal Government had approved N110 billion for youths in business within the age of 18 to 40 years. Disbursement will be channelled through established youth enterprise clusters governed by the Presidential Initiative For Youth Enterprise.

Summary of the NYIF Program

Fund Size: N110 Billion
Disbursement Limits: N50,000,000
Tenor: Maximum of 5 Years
Interest Rate: 5%
Moratorium: Up to 12 Months
Processing Monitoring And Evaluation: To be done by Partner Mfis
Disbursement Strategy: Primarily through youth enterprise clusters

Nigeria Youth Investment Fund

Application Deadline	Not Specified
Value	N50,000,000
Type	Entrepreneurs
Sponsor	Federal Ministry of Youth and Sports Development (FMYSD)
State of Origin	Abuja
Gender	Men and Women

Benefits of (NYIF) Nigeria Youth Investment Fund

The goal is to turn them into entrepreneurs who can create wealth and employment, thereby contributing significantly to national development.

Fund Size: N110 Billion
Disbursement Limits: N50,000,000

Objectives of the NYIF

To reduce youth unemployment by fostering entrepreneurship.
To provide young entrepreneurs with access to affordable finance.
To support youth-led businesses in achieving sustainable growth.
To encourage innovation and creativity among the youth.
To create job opportunities and improve the standard of living.

Requirements for (NYIF) Nigeria Youth Investment Fund

To be eligible for the NYIF, applicants must meet the following criteria:

Be a Nigerian citizen aged between 18 and 40 years.
Have a business or business idea that aligns with the Fund’s objectives.
Possess a National Identification Number (NIN).
Demonstrate a willingness to contribute to the economic development of Nigeria.
Provide a viable business plan.

Application Documents

Applicants must upload the following documents:
Copy of National Identification Card (NIN)
Business Registration Certificate
Business Plan/Proposal
Proof of Business Ownership (if applicable)

How to Apply

Register: Create an account on the NYIF portal.
Complete Application Form: Fill out the online application form with accurate personal and business details.
Upload Documents: Attach the required supporting documents.
Submit Application: Review your application and submit it online.

Application Process