The ₦110 Billion Nigerian Youth Investment Fund (NYIF) Programme to boost youth enterprises in various sectors for national economic prosperity has commenced by the Federal Ministry of Youth Development, Nigeria.
This NYIF initiative is mainly targeted at young people ages 18 to 40. It outlines the actions required to support business establishment, expansion, and employment creation. The fund aims to financially empower Nigerian Youths to generate at least one million jobs in 2024.
But you know, just like every other grant or loan you must be qualified to apply. The eligibility criteria for this NYIF fund comprises of: 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 Nigeria’s economic development, Provide a viable business plan.
Contents
How to Apply for NYIF Application Form
- 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.
Required 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)
Application Process
- Step 1: Online Registration and Application
- Step 2: Submission of Required Documents
- Step 3: Application Review and Verification
- Step 4: Funding Decision and Disbursement