The application is now open for the Nigerian Youth Investment Fund (NYIF). The application which started on the13th of October 2020 is opened to Nigerian Youths from the age of 18- 35 years. Nigerian youths wanting to apply for the program need not have a registered business or existing business.
The fund aims to reach 500,000 youth annually between 2020 and 2023. Each fund approval will range from N250, 000 to N50, 000,000, with a spread across group applications, individual applications, working capital loans set at 1 year, and term loans set at 3 years with a single-digit interest rate of 5%.
Nigeria Youth Investment Fund
AN INITIATIVE OF THE FEDERAL MINISTRY OF YOUTH
AND SPORTS DEVELOPMENT FUNDED BY THE CENTRAL BANK OF NIGERIA
If you are interested in applying for the Nigerian youth investment fund (NYIF). Kindly visit https://nyif.nmfb.com.ng/Applicants/New