The economy as we all can see is not stable especially with the pandemic ongoing, well here is an opportunity for you. The Nigeria Youth Investment Fund is the answer.

This is an initiative of the Federal ministry of Youth and development with the aim to increase the Nigerian Financial state by making funds available for youth.

It was put in place to help them build their businesses thereby unemployment rate are reduced.

The application portal was opened on 13th October 2020 and doesn’t have specific date for closure

What are the requirements to apply for NYIF?

1. You must be between 18-35yrs

2. If you own a business, you will need the following

a. Registered with CAC (Corporate affairs Commission)

b. Business plan

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c. Valid BVN

d. Provision of TIN (Tax identification number)

3. Must be a Nigerian

4. You shouldn’t be convicted of any financial issue in the last 10yrs

You are not eligible if:

Eligibilty is not possible if you haven’t paid for past loans organized by government such as NMFB loans & Agribusiness etc.

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Document required for NYIF

  • Certificate of incorporation
  • BVN
  • Local government certificate
  • A copy of birth certificate
  • TIN (Tax Identification Number)
  • Voter’s card,Driver’s licence and National ID

So how do you apply?

1. Enter www.nyif.nmfb.com.ng in the search box

2. Fill in your personal information like first name, surname and middle name

3. Click on the next, then choose your preferred training centre

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4. Indicate where you got the information e.g. Facebook, the website, Goggle Ads etc.

5. Accept the terms of office and submit your application

Thanks for reading…

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