National youth investment fund

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Esther A

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Jul 28, 2022
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Nigeria
National youth investment fund

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What is the National Youth Investment Fund?
The National Youth Investment Fund (NYIF) is an application form for individuals, Nigerian youths, and youth-owned enterprises. It is a government initiative which was created for youths to apply for an investment fund.

The Nigerian Youth Investment Fund, (NYIF) was set up as an initiative of the Federal Ministry of Youth and Sports Development. The investment fund is funded by the Central Bank of Nigeria (CBN) and its aim is to invest in the ideas of nigerian youths so as to build sustainable businesses. They invest in the skills and talents of these youths.

For youths who choose to apply as individuals or a non-registered business can apply for up to a sum of N250,000, while those who own registered businesses can apply for up to N3 million.

Is the NYIF a loan?
This investment fund is a loan. These are j. Phases and they are based on the tyoe of business.

What is the interest rate for the NYIF loan?
5%

Youth Investment Fund portal
Nigerian youth investment fund portal is a platform for interest participants to apply for the investment fund. On the website, you can click to learn more, see frequently asked questions and also click to apply.

https://youthinvestmentfund.org.uk/login/

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Nigerian youth investment fund registration portal

The Nigerian youth investment fund application and registration portal is available. The link to apply is on their website and it is shared below.

https://youthinvestmentfund.org.uk/how-to-apply/

To register for the Investment fund, the NYIF application form can be downloaded on the Nigerian Youth Investment Fund portal.
There are guidelines on the application to ensure a smooth and easy application process.


Nigerian youth investment fund application portal
How to Apply for NYIF registration?


To apply, you need the following
  1. Must be between the age of 18 years and 35 years old
  2. Have a valid BVN
  3. Have a valid and working Phone number
  4. Email address
  5. Have a business plan
The process includes
  1. Log in to portal
  2. click on the 'Apply' on the website to proceed.
  3. Provide your details (Name and BVN)
  4. Select your Preferred location or Centre for training