How to Apply for Nigeria Youth Investment Fund (NYIF)

The Federal Executive Council in March 2024 approved the take-off of the restructured N-YIF with an initial seed-up capital of N110 billion. The objective of the N-YIF is to improve access to finance for youths and youths-owned enterprises for national development; generate much-needed employment opportunities to curb youth restiveness; encourage out-of-school, marginalized, unemployed and underemployed […]

General Jul 29, 2024 0 25 Add to Reading List

How to Apply for Nigeria Youth Investment Fund (NYIF)

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ARE YOU TIRED OF LOW SALES TODAY?

Connect to more customers on doacWeb

Post your business here..... from NGN1,000

WhatsApp: 09031633831

ARE YOU TIRED OF LOW SALES TODAY?

Connect to more customers on doacWeb

Post your business here..... from NGN1,000

WhatsApp: 09031633831

The Federal Executive Council in March 2024 approved the take-off of the restructured N-YIF with an initial seed-up capital of N110 billion. The objective of the N-YIF is to improve access to finance for youths and youths-owned enterprises for national development; generate much-needed employment opportunities to curb youth restiveness; encourage out-of-school, marginalized, unemployed and underemployed youths to venture into sustainable, viable, income-generating projects or ventures; and promote active participation of youths in the socio-economic development of Nigeria through youth enterprise clusters across the country.

The initiative is 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.

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.

Which Business is Eligible to Apply for NYIF?

Your business must be among these categories to be eligible for NYIF:

Startup-Ups and Early to Growth Stage Businesses: Eligible for 3 million – 20 million
Growth Stage Businesses and Others: Eligible for 15million – 50million
High Growth Businesses: Eligible for 10million – 100million

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Eligibility Criteria for NYIF

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 Nigeria’s economic development.
Provide a viable business plan.

Required Documents for NYIF

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 for Nigeria Youth Investment Fund (NYIF)

The application process for the NYIF is straightforward and involves the following steps:

Register: Click the button below to visit NYIF Portal and create an account.

Fill in the application form: The registration process requires basic personal and business information.

Submit Application: Once the form and documents are complete, applicants can review their submissions and submit the application online.

Complete the Application Form: After registration, applicants must fill out an online application form. This form requires detailed information about the business or business idea, including financial projections, market analysis, and business strategy.

Upload Documents: Applicants must upload the necessary supporting documents, including: A copy of the National Identification Card (NIN), Business Registration Certificate, detailed Business Plan/Proposal, and proof of Business Ownership

Application Process

The NYIF application process includes several key steps:

Online Registration and Application: Applicants register and fill out the application form on the NYIF portal.
Document Submission: Applicants upload all required documents.
Application Review and Verification: Submitted applications undergo a review and verification process to ensure all information is accurate and meets the fund’s requirements.
Funding Decision and Disbursement: Successful applicants receive funding based on their business needs and the quality of their business plans.

APPLY HERE: NYIF