Close Menu
  • About
  • Contact Us
Facebook X (Twitter) Instagram
CareersngrCareersngr
  • About
  • Contact Us
CareersngrCareersngr
Home

Three (3) Million NYIF Loan – Begins

Facebook Twitter LinkedIn WhatsApp

The Federal Government has commenced a three (3) Million NYIF Loan for Start-Up and early to grow stage businesses. This loan scheme was approved by the  Federal Executive Council in March 2024.

The NYIF loans aim to enhance financial access for young people and youth-owned enterprises, fostering national development.

Contents

CHECK OUT: Nigerian Youth Investment Fund (NYIF) 2024 – Apply Now!

They seek to create employment opportunities to mitigate youth restiveness, particularly among out-of-school, marginalized, unemployed, and underemployed youths.

The loans also encourage these youths to engage in sustainable income-generating projects, promoting their active involvement in Nigeria’s socio-economic development through youth enterprise clusters nationwide.

The loan aims to empower Nigerian youths financially with the goal of creating a minimum of one million jobs by 2024.

ALSO: ₦110 Billion Nigerian Youth Investment Fund (NYIF) Programme – Begins

Three (3) Million NYIF Loan Requirements

To qualify for the NYIF, applicants must fulfill the following requirements:

  • Be a Nigerian citizen aged between 18 and 40 years old.
  • Have a business or business concept that aligns with the Fund’s goals.
  • Possess a National Identification Number (NIN).
  • Show commitment to advancing Nigeria’s economic growth.
  • Present a feasible business proposal.

How to Submit your Three (3) Million NYIF Loan Application

Application Process

1. Registration:

  • Create an account on the NYIF portal to begin the application process.

2. Application Form Completion:

  • Fill out the online application form accurately, providing both personal and business details.

3. Document Upload:

  • Attach the necessary supporting documents, including:
    • Copy of National Identification Card (NIN)
    • Business Registration Certificate
    • Business Plan/Proposal
    • Proof of Business Ownership (if applicable)

4. Submission:

  • Review your application thoroughly and submit it through the online portal.

Required Documents

Applicants are required to upload:

  • National Identification Card (NIN)
  • Business Registration Certificate
  • Business Plan/Proposal
  • Proof of Business Ownership (if applicable)

Application Steps

Step 1: Register and complete the application form online.

Step 2: Upload the required documents.

Step 3: Your application will undergo review and verification.

Step 4: Await the funding decision and subsequent disbursement.

Individual Application | Apply Now for Clusters

Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Copyright © 2024 Careersngr | All Right Reserved. DISCLAIMER: Unless Specified, careersngr.com is not in any way affiliated with any of the job and vacancy providers featured in this website. The material provided here is mainly for innformational purposes. visitors are advice to use the information at their own discretion.
  • Privacy Policy
  • About
  • Contact
  • Disclaimer

Type above and press Enter to search. Press Esc to cancel.