Apply for Nigerian Youth Investment Fund (NYIF) Loan Application 2024/2025 via online. We are delighted to inform you the Federal Government has reopen portal for NYIF Loan. See requirements and steps to apply online.
Nigerian Youth Investment Fund (NYIF) Loan Target
- To reduce youth unemployment by fostering entrepreneurship.
- To provide young entrepreneurs with access to affordable finance.
- To support youth-led businesses in achieving sustainable growth.
- To encourage innovation and creativity among the youth.
- To create job opportunities and improve the standard of living.
More things you need to know about NYIF Loan Application 2024/2025
- Fund Size: N110 Billion
- Disbursement Limits: N50.000,000
- Tenor: Maximum Of 5 Years
- Interest Rate: 5%
- Moratorium: Up to 12 Months
- Processing Monitoring and Evaluation: To Be Done By Partner MFIs
- Disbursement Strategy: Primarily Through Youth Entrepreneur Clusters
Who can apply for NYIF Loan Application Registration Form 2024/2025
- Be a Nigerian citizen aged between 18 and 40 years.
- Have a business or business idea that aligns with the Fund’s objectives. Possess a National Identification Number (NIN).
- Demonstrate a willingness to contribute to the economic development of Nigeria. Provide a viable business plan.
Link to apply/submit form for Nigerian Youth Investment Fund (NYIF) Loan
Register: Create an account on the NYIF portal at https://www.fmyd.gov.ng/nyif_application
- Complete Application Form: Fill out the online application form with accurate personal and business details.
- Upload Documents: Attach the required supporting documents.
- Submit Application: Review your application and submit it online.
Apply also: National Construction and Household Support Programme Grants 2024/2025
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