NYIF Application Registration Form Portal – The Nigerian Youth Investment Fund (NYIF) Registration Application Portal is now open through the Federal Executive Council (FEC) with approved capital allocation of N110 billion for the NYIF. This fund is intended to support startups and early-stage businesses owned by young Nigerians.
The Federal Government through the Ministry of Youth Development, has reopened applications for the Nigeria Youth Investment Fund (NYIF). This initiative aims to support young entrepreneurs in Nigeria by providing financial assistance to help them start or expand their businesses.
NYIF Portal Login For Grant
NYIF Application Registration Form Portal: (https://nyif.nmfb.com.ng/app.) Applications are currently open to the Federal Government’s N110 billion Nigerian Youth Investment Fund (NYIF). Funded by the Central Bank of Nigeria (CBN), the NYIF program is launched by the Federal Department of Youth and Sports Development (FMYSD) to provide investment loans to young people and businesses by youth. domestic ownership.
NYIF 2024 Application Registration Form Portal
The NYIF aims to create sustainable businesses that can provide employment opportunities for other young people. By supporting youth-led businesses, the fund contributes to the overall development of the Nigerian economy.
NYIF Grant and Loan Application Requirements
Do you know the requirements for applying for NYIF? We’ve got you covered. Here are the requirements needed to register for the Nigerian Youth Investment Fund. We also thought you should know that NYIF has requirements for both businesses and individuals. These are the requirements for NYIF Loan:
- You must be between ages of 18-35 Years of Age.
- You must have a Valid National Identity Card.
- Your BVN is needed on the portal.
- Summary of your Business Plan should be Uploaded.
- Your Current Phone Number and Email Address.
NYIF Login Dashboard | Benefits and Aims of Nigeria Youth Investment Fund
GLOBAL LIMIT : N12.5 billion
FACILITY TYPE : Term Loan
SINGLE OBLIGOR LIMIT: Individual / Non registered Business: Up to #250.000.00 | Registered Businesses( Business Name, Limited liability/ Corporative Societies / Commodities Associations): Up to N3,000.000.00.
LOAN TENOR : Maximum of 5 years
MORATORIUM : Maximum of 12 months
Repayment Structure: Repayment will be on installment basis inline with businesses and NMFB evaluation.
Portal: https://nyif.nmfb.com.ng/app.
Read Also: NELFUND Academy Student Loan
NYIF Portal Login For Application | www.nyif.nmfb.com.ng
All interested traders can apply online. Below are easy steps and by following these you can easily apply:
- Visit NYIF Registration Portal (https://www.fmyd.gov.ng/youth-empowerment-program)
- Once website loaded successfully navigate it carefully
- Click on “Apply” link
- NYIS Portal for Registration
- Fill the NYIF Application Form (First Name, Middle Name, Last Name, NYIF BVN)
- Click on Next button
- Fill all the required information correctly
- Upload documents
- Submit the application form
NYIF Registration Procedures
- First Name
- Middle Name
- Surname (Last Name)
- BVN
- Date of Birth
- Email address
- Phone
- Gender
- Residential Address
- Geo-Political Zone
- State of Origin
- LGA
- Educational Level (Primary, Secondary & Tertiary)
NYIF Loan Status
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. When your loan is approve, it is either you accept or reject. If your accept it, then the loan amount will be send to your bank account within 14 working days.
NYIF Training
Candidates must undergo mandatory entrepreneurship training arranged or approved by the federal Department of Youth and Sports Development..
Eligible Activities/Businesses
Legally allowed activities in the sectors or focal areas listed below shall be eligible:
(i) Technology/ Innovation;
(ii) Agriculture and related value chain;
(iii) Green Economy and Renewable energy sector;
(iv) Manufacturing,
(v) Hospitality/Tourism;
(vi) Construction;
(vii) Logistics and supply chain;
(viii) Healthcare value chain,
(ix) Creative sector and
(x) Trading and Services.
(xi) Others as may be determined by NYIF/CBN from time to time.
Types of Facilities
Term Loan (for asset acquisition/improvement)
(i) Individual (Unregistered business)
Shall be determined based on activity/nature of project subject to the maximum of N250,000
(ii) Registered Businesses (Business name, Limited Liability, Cooperative, Commodity Association shall be determined by activity/nature of project subject to the maximum N3.0 million (including working capital).
Note: Immovable assets acquired with the loan must be registered with the National Collateral Registry (NCR)
How To Apply For NYIF -Nigerian Youth Investment Fund
- Visit official website: https://nyif-nmfbloan.com.ng
- Create account with your email and phone number
- Supply your full names, gender, and type of business
- Supply your BVN and NIN
- Upload your certificate of origin and NIN
- Click on submit
The Nigerian Youth Investment Fund Portal is open. Apply now and be a part of the NYIF programme beneficiaries.
If this article was informative to you kindly share below via our social media buttons.
