Important HIGHLIGHTS OF THE 2024 Loan Application Programme To Apply Now
Apply for the Nigeria Youth Investment Fund NYIF program
NOTE: It’s a Loan Application Programme
HIGHLIGHTS OF THE 2024 NYIF PROGRAM
FUND SIZE: N110 Billion
DISBURSEMENT LIMITS: N50,000,000
TENOR: MAXIMUM OF 5 YEARS
INTEREST RATE: 5%
MORATORIUM: UP TO 12 MONTHS
PROCESSING MONITORING AND EVALUATION: TO BE DONE BY PARTNER MFIs
DISBURSEMENT STRATEGY: PRIMARILY THROUGH YOUTH ENTERPRISE CLUSTERS
Eligibility Criteria
To be eligible for the NYIF, applicants must meet the following criteria:
Be a Nigerian citizen aged between 18 and 40 years.
Have a business or business idea that aligns with the Fund’s objectives.
Possess a National Identification Number (NIN).
Demonstrate a willingness to contribute to the economic development of Nigeria.
Provide a viable business plan.
How to Apply
Register: Create an account on the NYIF portal.
Complete Application Form: Fill out the online application form with accurate personal and business details.
Upload Documents: Attach the required supporting documents.
Submit Application: Review your application and submit it online.
Required Documents
Applicants must upload the following documents:
Copy of National Identification Card (NIN)
Business Registration Certificate (CAC)
Business Plan/Proposal
Proof of Business Ownership (if applicable)
Application Process
Step 1: Online Registration and Application
Step 2: Submission of Required Documents
Step 3: Application Review and Verification
Step 4: Funding Decision and Disbursement
