The national youth investment fund nyif initiative is a federal government program started its journey in the year 2020 october with a mission to invest in the youths. With relaxed regulations a central approach towards government funding would provide.
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The fund is meant to cater to the investment needs of those between 18 35.
National youth investment fund. Secondly applicant must be 18 years and above before applying. Nigeria youth investment fund nyif 2020 form requirements. Make sure you name and date of birth corresponded with what you have on your school certificates.
Last name surname bvn. Fill in the form. The nigerian youth investment fund application portal is now open for the nigerian youth to submit their applications.
The nigeria youth investment fund nyif application portal opened on 13th of october 2020 and it s for nigerian youths from the age of 18 35 years that met the requirments. The ministry of finance budget and national planning mfbnp and the central bank of nigeria cbn will provide the financing to kick start the nigeria youth investment fund nyif. An initiative of the federal ministry of youth and sports development funded by the central bank of nigeria.
The youth fund is dedicated to investing in the innovative ideas skills talents and enterprise of the nigerian. Nigeria youth investment fund. The fund aims to reach 500 000 youth annually between 2020 and 2023.
Nigeria youth investment fund. And as we know a normal routine for federal government funding opportunities is to invest in creative ideas and skills that will contribute to the country s infrastructure. The ministry of finance budget and national planning mfbnp and the central bank of nigeria cbn will provide the financing to kick start the nigeria youth investment fund nyif.
Ad hoc measures like the national youth fund are abortive against issues of youth enterprise in nigeria. 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 single digit interest rate of 5. Re validate if you havent receive any funds.
Both individuals and groups can apply for the loan. The first requirement for this registration is a valid national identity card. The federal ministry of youth and sports development has commenced the process on how to oprn application portal for nigerian youths to apply for the nigerian youth investment fund n yif approved by the federal executive council on wednesday july 22 2020 for establishment.
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