NIGERIA YOUTH INVESTMENT FUND (NYIF)

Investment Fund (NYIF). Funded by the Central Bank of Nigeria (CBN), the NYIF scheme was launched by the Federal Ministry of Youth and Sports Development (FMYSD) to provide investment loans to youths and youth-owned businesses in the country.

Nigeria Youth Investment Fund

Eligibility

Youths applying as individuals or sole proprietors must be within the ages of 18 to 35 years and have operational businesses in Nigeria.

To qualify, they must have not been convicted of any financial crime in the last 10 years as well as possess a local government of origin certificate.

For youth-owned enterprises, they must be duly registered with the Corporate Affairs Commission and provide a business plan. They must have a Tax Identification Number (TIN) and a training certificate from approved FMYSD Entrepreneurship Development Institutes (EDIs).

All applicants must possess valid Bank Verification Numbers to be eligible.

How to Apply

Here are five (5) easy steps to apply for the Nigeria Youth Investment Fund (NYIF):

1. Apply through the NYIF Portal

To begin your application, log on to nyif.nmfb.com.ng on your mobile phone or computer. Click “Apply Here” to proceed.