The application portal for Nigeria Youth Investment Fund is now open. You can now access up to N3 Million Credit Facility through the Federal Government of Nigerian Youth Investment Fund program targeted at young individuals and business owners.
The program is dedicated to investing in the innovative ideas, skills & talents of Nigerian youths aimed at turning them into entrepreneurs, wealth creators and employers of labour. The Nigerian Youth Investment Fund (NYIF) was set up as an initiative of the Federal Ministry of Youth and Sports Development (FMYSD) and funded by the Central Bank of Nigeria (CBN).
Program Sponsor(s): The Federal Government of Nigeria
Program Type: Youth Investment Fund (investment loan)
Program Targeted at: Individuals and Businesses Owners (youths entrepreneurs only)
Funding Amount: N250, 000 to N3, 000,000
Loan Tenor: 5years
Interest Rate: 5% p.a (All inclusive).
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Eligibility Criteria | Nigeria Youth Investment Fund 2021
The selection of candidates for the Nigerian Youth Investment Fund will be based on the following eligibility criteria;
INFORMAL BUSINESS ENTERPRISES (INDIVIDUAL & SOLE PRORIETORS)
- Must be a Nigerian youth within the age bracket of 18 to 35 years of age
- Have an operational business /enterprise domiciled in Nigeria (Note: Those with unregistered business can also apply)
- Has not been convicted of any financial crime in the last 10 years
- Valid Bank Verification Number (BVN)
- Evidence of Local Government Indigene Certificate.
FORMAL BUSINESS ENTERPRISES (Youth Owned Enterprises)
- Duly registered formal business enterprises (Youth owned enterprises) with Corporate Affairs Commission (CAC)
- Provision of Business plan Summary / Or Completed Questionnaire
- Evidence of Training Certificate from approved FMYSD EDIs
- Valid Bank Verification Number (BVNs) of Directors + Provisions of Tax Identification Number (TIN)
Eligible Activities/Businesses:
- Technology/ Innovation
- Agriculture and related value chain
- Green Economy and Renewable energy sector
- Manufacturing
- Hospitality/ Tourism
- Construction
- Logistics and supply chain
- Healthcare value chain
- Creative sector
Ineligible Applicants:
- Beneficiaries of NMFB loans (such as Targeted Credit Facility (TCF) and Agribusiness/Small and Medium Enterprises Investment Scheme (AGSMEIS) that remain unpaid are not eligible to apply
- Beneficiaries of other Government loan schemes that remain unpaid are not eligible to apply.
See Also: FG Survival Fund Program 2021 for Nigerians: Steps to Apply
Application Procedures
How-to-Apply: You can apply for the Federal Government of Nigeria Youth Investment Fund by filling the online NYIF application form at youth investment fund application portal nyif.nmfb.com.ng based on information provided at noya.ng. Participation in program will involve the following steps;
Step 1: Get Trained
Applicants to attend a compulsory entrepreneurship training with an approved Federal Ministry of Youth & Sports Development (FMYSD) EDIs
Step 2: Apply For Loan
Successfully trained prospective applicants proceed to NIRSAL Microfinance Bank (NMFB) portal to apply for the loan.
Step 3: Submit an Application
Eligible applicants submit applications successfully on NMFB’s portal.
Step 4: Approval
NMFB conducts loan assessment in line with Risk Assessment Criteria and programme guideline, make appropriate decision and forward recommended applications to CBN for final approval.
Step 5: Disbursement
CBN reviews applications and gives final approval for disbursement to NMFB
Please note: You should only access application forms made available at the Nigeria Youth Investment Fund websites nyif.nmfb.com.ng and noya.ng (informational).
Admin please the mail I used for the registration has been hacked, so I do not have access to it. Please what should I do
I also apply for survive fund, since 2020 till date I have not heard from them again.
How can I apply for survival fund?
I need money to start up business, pay my house rentan my children school fees
I need this loan to support my business, an also pay my children school fees
Are they still applying for covid-19 loan
I have received pre-qualified from nyif since late last year and I validated my bvn successfully but since then I have not heard anything from them again please is there still hope? because when I try to reregister they said my account has already exist if I try to check my loan status it pop up this account has not been verified.
I received the confirmation mail but I don’t know what to do next. Please Assit
Go to the portal and create your account
Pls am new here can someone please explain to me pls
i have received my email verification link and i have tried to verified but is telling me that “message verification failed” pls Admin how do i do ?
Maybe someone with similar experience can help you. Or you can start again from beginning to register your profile.
I applied for about 5 months ago but yet I did not received any message from NYIF and I try to validate my bvn and I was told that I have not been trained what will I do now
Good
Pls help me, I selected registered business
by mistake how can I go back to the previous step to select individual
thanks for sharing let see
Hello admin pls i have submit my BVN and also creat a Password, and it was sucessful and the told me athat a confirmation has been sent to my mail, but i hv check my mail nothing has been sent pls why?
Wait for it, at times it delays
Have even been trained since October 23 till date, yet have not been paid.
Please what should I do?
I believe it takes processes, so you should wait for it.
After the system said successful is there any step apart from the process that have said successful
Pls is the application still on
I have my validated my bvn but haven’t received the confirmation email and I have done it up to three times I hope no problem if someone tries it more than once
Wait until you receive the message before you proceed
My registration is successful and said the have sent a link to my mail and I have not seen it please what should I do
Check all inboxes including spam folder. If you can’t find it then wait for it
I use wrong email to register any solution pls
You will have to contact NYIF site admin or support team to update your profile
I’m a dry cleaner but don’t hv cac yet what should I do to complete the registration
If the registration is on going, how can I access the form because I have tried the link: http://www.nyif.nmfb.com.ng
is the program still on?
I need money start business
I’m a Business man I apply the youth Investment but the don’t send me the massage place I need your assistance so that I invested my business
I want to be part of it
Is the registration closed ?
It is on-going as at now
Up till now no confirmation
yes
i have done this so call investment fund from government for like 2 month now and still no response from you guys. from my source i believed the programmed has commence and still people are applying for what?
Joseph, once the programme commences you’ll be informed here. Application is still ongoing
The site not accepting my bvn what can I do? Pls
Verify that all information provided are correct
Age cannot greater than 35 years and not less than 18 years only 18 to 35 are eligible to apply.
thanks regards s.a danmaliki
Yes, of course maybe you should verify if you are within the age range
it is very good programme for youths
Pls, what’s the next stage after the registration and how can i do it
If you have completed your application, you may not have to do anything. Just keep checking back on this space for further updates.
This is rumours
Hi Sabiu, you think it’s rumours? There are no rumours on Study Green. We advice you take the information serious, just like every other opportunity posted here
Please how do we get trained…? who trains and where?
What is the fate of those of us who are above forty? Are we not Nigerians? I am forty-two and you say not more than thirty-five.
This is a very good and welcome development from the Buhari government for us the youth of Nigeria.
I pray am selected as I really need to boost my business
The site is not validating BVN or even registering what can one do?
Hello Godwin, sorry for the inconveniences. Please do try again later as there may be system glitches. Best regards
it keeps showing sorry you have previously submitted this data go to home page but i haven’t submitted d datails cos i haven’t done the registration so what could be the issue
Hello Nwobz, Sorry for the challenge you are experiencing. Keep trying till you are able to apply. Best regards
Pls how do I apply for the training
Please follow the steps outlined on this page to apply and wait for invitation to the training. Regards
How we are benefit the program
I really want to be part of it. May God help us
Waken, we hope that you’ll get it. Best of luck
It’s good I want to apply
Best of luck Mohammad
Nice one
Please am registering for the nyif-nmfb but am experiencing difficulty entering the residential L. G. A. What should I do
You may have to reload the page, if the issue continues try using a different device
Change the state and local government but don’t summit and come back to put your real state and local government then you can proceed and submit
Thanks regards s.a danmaliki
Kudos Sirajo, I hope your submissions will help a lot others
I want to be part of this group which youth investment fund
May god help us
this site has been very helpful to me base on the NYIF
Hello Matthew, we are glad that you find the content helpful. Best regards.
I want to apply for the nyif loan
How can i edit my email. There was a typing err. Thanks
I’m afraid we can’t help with that. You will have to contact NYIF portal support directly if you want to get that corrected
Please I have applied for this program,but no message have send to me yet, please help me admin,🙏🙏🙏🙏🙏 am not receive message yet,
Adamu, we really can’t help in that regard. We are only able to guide you through the application process. Best wishes
Wow. Thank you for sharing. Let me apply!
I have receive text messages stating I’m selected and I was asked to click on the link which I didn’t but am yet to receive my confirmation code..what should I do?
Wait for it