Nigerian Youth Investment Fund Loan Application 2020 | : The Nigerian Youth Investment Fund (NYIF) is an Initiative of the Federal Ministry of Youth and Sports Development Funded by the Central Bank of Nigeria. With the Nigeria Youth Investment Fund, you Access up to N3 Million Credit Facility Dedicated to investing in the innovative ideas, skills & talents of Nigerian youths aimed at turning them into entrepreneurs, wealth creators and employers of labour
If you want to apply or take part in this opportunity, or you are searching for the official application portal for the Nigerian Youth Investment Fund (NYIF) then you should stay on this page and read further important information on how you can apply, the step by step application procedures and many more.
Nigeria Youth Investment Fund.
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. 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.
The plan targets young people between the ages of 18-35 years and details the needed actions required to support business establishment, expansion and consequent employment creation for youth in critical economic and social sectors.
Objectives of the NYIF.
Below are the objectives of the Nigerian Youth Investment Fund (NYIF Loan).
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 organizations.
Nigerian Youth Investment Fund Eligibility.
Read carefully below the requirements every interested applicant of the NYIF must possess in order to be part of the N75 billion Loan beneficiaries.