Nigeria youth investment fund. The youth fund is dedicated to investing in the innovative ideas skills talents and enterprise of the nigerian youth and aimed at turning them into entrepreneurs wealth creators and employers of labour contributing to national development.
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The nyif application portal opened on 13th of october 2020 and all young persons of nigerian nationality between the age of 18 35 years and met the other requirements can apply.
Youth investment fund 2020. Secondly applicant must be 18 years and above before applying. Nigerian youth investment fund nyif details. The nyif loan application 2020 official portals are.
Nairaland forum nairaland general n75 billion nigeria youth investment fund nyif 2020 application portal 279 views. And the ministry s website www youthandsport gov ng or www noya ng. Nyif is the acronym for nigeria youth investment fund.
It consists equally of 250 million capital and 250 million resource spending. N75 billion nigeria youth investment fund nyif 2020 application portal nairaland general nairaland. Nigeria youth investment fund nyif 2020 form requirements.
Objectives of the scheme the nyif aims to financially empower nigerian s youth to generate at least 500 000 jobs between 2020 and 2023. Last name surname bvn. 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.
The fund aims to reach 500 000 youth annually between 2020 and 2023. The first requirement for this registration is a valid national identity card. Fill in the form.
The federal executive council on the 22nd of july 2020 approved the sum of n75 000 000 000 00 seventy five billion naira for the establishment of the nigeria youth investment fund for the period of 2020 2023 dedicated to investing in the innovative ideas skills and talents of nigerian youth and to institutionally provide our youth with a special window for accessing much needed funds finances. Nyif is a government sponsored initiative created to provide financial support to business minded youths. Nyif application form portal login register ten things to know about the nigerian youth investment fund nyif chinese companies get record breaking 5 8.
Make sure you name and date of birth corresponded with what you have on your school certificates. The youth investment fund will cost 500 million over five years including 68 million in 2020 21. The federal executive council on wednesday july 22 2020 approved the establishment of the nigerian youth investment fund nyif.
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