The Nigeria Youth Investment Fund (NYIF) Programme, with a budget of N110 billion, is an initiative aimed at supporting young Nigerian entrepreneurs and innovators. This fund is designed to provide financial assistance to youth-led businesses, enabling them to grow, create jobs, and contribute to the nation’s economic development. To apply and submit the necessary information, please use this link to register: https://fmyd.gov.ng/nyif_application…
It will interest you to know that, applicants with CAC can request 1 million naira and 500k for applicants without CAC Repayment — 3 years Moratorium — 12 months 110 billion naira has been set aside to empower youths in priority sectors.
Objectives of the ₦110 Billion Nigerian Youth Investment Fund (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.
HIGHLIGHTS OF THE 2024 NYIF PROGRAM
PROCESSING MONITORING AND EVALUATION: TO BE DONE BY PARTNER FINANCIAL INSTITUTIONS
DISBURSEMENT STRATEGY: PRIMARILY THROUGH YOUTH ENTERPRISE CLUSTERS
Contents
How to Submit Application
- 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.