Check NYIF Registration Form 2021 via Online Portal : Current School News

Check NYIF Registration Form 2021 via Online Portal

Filed in Job by on October 29, 2021

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– NYIF Registration Form –

NYIF Registration Form 2021 Reopens for Fresh Applicants. Fill NYIF Registration Form Online. Have you been looking for a way to apply for the Nigeria Youth Investment Fund Loan? If yes then we have good news for you! The NYIF Loan Application Portal Is Reopen Again.

NYIF Loan Application Form Portal 2021 for Fresh Applicant www.nyif.nmfb.com.ng

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.

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 NYIF Application Form

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.

NYIF Application Particulars

  1.  Name

  2. Phone Number

  3. Gender

  4. Residential Address

  5. Geo-Political Zone

  6. BVN

  7. State of Origin

  8. LGA

  9. Educational Level

  10. Select Preferred Training Center

  11. How did you hear about NYIF? e.t.c

Who Is Eligible for NYIF Loan?

1) Individuals/Non-registered Businesses

a. Individual within the age bracket of 18 to 35 years

b. Has a valid BVN and means of ID

c. Provision of Business plan Summary or Completed Questionnaire

d. Entrepreneurship Training Certification from FMYSD Entrepreneurship Development Institutes (EDIs)

You may want to also check How To Apply For CBN Undergraduate, Graduate TIES Grant

2) Registered Businesses

a. Formal business enterprises (Youth owned enterprises), duly registered with the Corporate Affairs Commission (CAC)

b. Business plan Summary or Completed Questionnaire

c. Valid Bank Verification Number (BVNs) of Directors

d. Provision of Tax Identification Number (TIN)

e. Entrepreneurship Training Certification from FMYSD EDIs

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However, we cherish your opinion and we look forward to it. Hence, if you have any questions as regards the NYIF Registration Form 2021.

Kindly scroll down to the comment section and we will respond in no time.

What’s your take on these NYIF Registration Form 2021? I urge you to use this same opportunity to share this information with others using our FacebookTwitter, or Google+. share button below.

CSN Team.

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