Nigerian Youth Investment Fund (NYIF) Recruitment 2021
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– Nigerian Youth Investment Fund –
Nigerian Youth Investment Fund 2021 Reopens for Fresh Applicants. Fill NYIF Application Form Online. Have you been looking for a way to apply for the Nigeria Youth Investment Fund Loan? Good news for you! The NYIF Loan Application Portal Is Reopen Again.
In its efforts at reducing the unemployment rate among Nigerians, the federal government has released the link for the application to access the Nigerian Youth Investment Fund (NYIF) aimed at supporting innovative Nigerian youths between the ages of 18 and 35.
However, in a move that underscores his absolute confidence in the innovative skills, talents, and industry of the Nigerian youth.
President Muhammadu Buhari on Wednesday led the Federal Executive Council to approve the establishment of the Nigeria Youth Investment Fund (NYIF) to the tune of 75 billion naira for 3 years.
Dedicated to investing in the innovative ideas, skills & talents of Nigerian youths aimed at turning them into entrepreneurs, wealth creators and employers of labour
Objectives of the Scheme
Access – Improve access to finance for youth and youth-owned enterprises, for national development
Employment – Generate much-needed employment opportunities to curb youth restiveness.
Training – Boost the managerial capacity of the youth and develop their potential to become the future large corporate organisations.
Eligibility Guide
Nigerian Youth within the age of 18 and 35 years
Youths with Innovative ideas, skills, talents and enterprise
How it Works
STEP 1
- Submit An Application
Eligible applicants submit applications successfully on NMFB’s portal.
STEP 2
- Get Trained
Applicants to attend a compulsory entrepreneurship training with an approved Federal Ministry of Youth & Sports Development (FMYSD) EDIs
STEP 3
- Apply For Loan
Successfully trained prospective applicants proceed to NIRSAL Microfinance Bank (NMFB) portal to apply for the loan.
STEP 4
- Approval
NMFB conducts loan assessment in line with Risk Assessment Criteria and programme guideline, make the appropriate decision, and forward recommended applications to CBN for final approval.
STEP 5
- Disbursement
CBN reviews applications and gives final approval for disbursement to NMFB
How to Apply for the Nigeria Youth Investment Fund (NYIF)
The Ministry of Youth and Sports Development has been directed to immediately commence the process of operationalization and possible legislation of the NYIF in collaboration with relevant MDAs.
The application portal and process is yet to be communicated. Do visit back later.
You can visit https://nyif.nmfb.com.ng/Applicants/New to start your application.
For more information about the nyif.nmfb.com.ng portal, kindly check the website right now.
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