Nigeria Youth Investment Fund NYIF 2022

Completing NYIF Online Application Form

How To Apply To NYIF
Applying For The NYIF

Nigeria Youth Investment Fund (NYIF)

I want to share with you quickly how to apply online for the Nigeria Youth Investment Fund 2022.
If you want to apply for the 2022 NYIF, you can get started on the Nigeria Youth Investment Fund Portal through https:/nyif.nmfb.com.ng.

About NYIF Initiative

The Nigerian Youth Investment Fund (NYIF) was set up as an initiative of the Federal Ministry of Youth and Sports Development (FMYSD) and funded by the Central Bank of Nigeria (CBN) to invest in youth ideas to build sustainable businesses that can activate enterprise and increase job opportunities in Nigeria.

Like most SMEs loans, the fund is dedicated to investing in the innovative ideas, skills & talents of Nigerian youths aimed at turning them into entrepreneurs, wealth creators and employers of labour, contributing to national development.

Requirements For The NYIF Initiative

  1. Individuals / Non-registered Businesses
  2. Applicants must be Nigeria citizen
  3. Individual within the age bracket of 18 to 35 years
  4. Has a valid BVN and means of ID
  5. Provision of Business plan Summary or Completed Questionnaire
  6. Entrepreneurship Training Certification from FMYSD Entrepreneurship Development Institutes (EDIs)
    Registered Businesses
  7. Formal business enterprises (Youth owned enterprises), duly registered with the Corporate Affairs Commission (CAC)
  8. Business plan Summary or Completed Questionnaire
  9. Valid Bank Verification Number (BVNs) of Directors
  10. Provision of Tax Identification Number (TIN)
  11. Entrepreneurship Training Certification from FMYSD EDIs.

NYIF Online Application Form

The following are key steps to adhere to:

  1. Get Trained – Applicants to attend a compulsory entrepreneurship training with an approved Federal Ministry of Youth & Sports Development (FMYSD) EDIs
  2. Apply For Loan – Successfully trained prospective applicants proceed to NIRSAL Microfinance Bank (NMFB) portal to apply for the loan.
  3. Submit An Application – Eligible applicants should submit applications successfully on NMFB’s portal.
  4. Approval – NMFB conducts loan assessment in line with Risk Assessment Criteria and programme guideline, make appropriate decision and forward recommended applications to CBN for final approval.
  5. Disbursement – CBN reviews applications and gives final approval for disbursement to NMFB.

Applying For The NYIF – Completing The Nigeria Youth Investment Fund Online Form

Once the Nigeria Youth Investment Fund (NYIF) portal connection above is opened in your web browser, click the “APPLY NOW” button to start the NYIF application process.

The first page of the NYIF application portal needs you to fill in the following:

First name, first name
Middle Name
Surname
BVN

Recommended: Best Freelance Job Websites

After filling in the above info, click NEXT

If the BVN given is right, your date of birth will be pre-filled automatically on the next page. So, you are just going to be asked to enter your:

E-mail address
Telephone number
Gender
Residential Address
State
LGA

Apply For Federal Mortgage Loan

Once you’ve finished providing the above details, click NEXT

On the third tab, you will need to pick the following from the drop-down list:
Geo-Political Zone;
State of Origin;
LGA;
Educational degree.

Click the NEXT button when you are done.

The last tab  will  prompt you to pick your preferred training center, how you learned about the Nigeria Youth Investment Fund before proceeding with the submission of the Nigeria Youth Investment Fund application form.

Go to site Nigeria Youth Investment Fund NYIF

Apply For The Graduate Entrepreneurship Fund Loan

In order not to miss out on prompt updates from careerinfos.com, enter your email address below and hit the subscribe button beneath.

A confirmation link will be sent to your inbox or check your spam mails if its not in your inbox. Make sure you click the link to confirm your subscription in order not to miss any updates from this blog. All comments (related to the post above) should be dropped via the comment section below.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button
Translate »