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Nigeria Youth Investment Fund Website: how to apply for NYIF
The Nigeria Youth Investment Fund website is now open for registration to eligible and enterprising Nigerian youth to apply for the loan.
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) to invest in youth ideas to build sustainable businesses that can activate enterprise and increase job opportunities in Nigeria. The fund 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, contributing to national development.
A minimum of N25 billion each year in the next 3 years, totaling N75Billion will be required to ring fence the N-YIF. For the remaining part of 2020 an initial sum of N12.5 billion will be needed to kick start the N-YIF. It is expected that successive governments will keep the Fund, akin to a Youth Bank, alive.
The Nigerian Youth Investment Fund (N-YIF) is a ringfenced Fund that will strictly cater to the investment needs of persons between the ages of 18 and 35 years old. It is a restricted Fund that can only be used for the set purpose of Youth Investment.
What Percentage interest NYIF charges per annum??
With 5% interest rate per annum, the NYIF is dedicated to investing in the innovative ideas, skills, talents and enterprise of the Nigerian youth with the aim of turning them into entrepreneurs.
How much can I Apply for in NYIF?
Individual or non-registered businesses are able to draw up to two hundred and fifty thousand naira (₦250,000.00), while youth owned registered businesses can apply for up to three million naira (₦3,000,000.00). Loans are with a tenor of five years and moratorium of up to 12 months.
Disbursement of the Nigeria Youth Investment loan will be through various channels, which will include Micro Credit Organizations across the country under the Central Bank of Nigeria supported by BOI, Fintech Organizations and Venture Capital Organizations, registered with the CBN.
Youth seeking to benefit from the fund must be a Nigerian within that bracket with a bankable business plan. Investment will be supported on the strength of the business case and will follow a scoring template and a transparent evaluation process driven largely by technology.
How to Apply for NYIF?:
You can fill the Nigeria Youth Investment Fund application form online now at https://nyif.nmfb.com.ng
Yonash Entrepreneur Centre Avail You Opportunity to Get Up to 10M CBN AGSMEIS Loan (2020)
In other to accces the CBN AGSMEIS business loan, you will have to go through a compulsory Entrepreneurship training to certify you ok for the loan.
The Good New:
is one the accredit CNB entrepreneurship institute in North central Nigeria.
How it works:
You register for a comulsary one week intensive training by Yonash services limited,
Step 1
After registration, Yonash will training you for one week with a certificate at the end of the program
Step 2
Yonash services will guide you on;
How to apply, write your business plan that will get you qualify for the loan, that’s not all, Yonash will also guide you on how you can run the business, keep your records and pay back your loan.
How Register with Yonash Services
Step 1
Head over to their website → https://www.yonashservices.com/
Step 2
Navigate to the registration area or click here
Fill the form make payment and you will be schedule for training in any of the batches
Cost of Training at Yonash entrepreneurship development
the cost of the compulsory entrepreneurship training is N10,000 only.
No. 10 Atom Kpera Road, Township, Makurdi, Nigeria
Is CBN AGSMEIS Loan Good For Startup? Find Out Now
Stop being an Idea Guy and grab this CBN Business Loan Opportunity.
With CNB AGSMEIS Loan, it is time to action on your age-long business plan
The central bank of Nigeria is currently supporting Agri-business, small and medium scales enterprises to scale up their businesses with the country.
This kind gesture is extending through an initiative of the Bankers’ Committee Called AGSMEIS Business Loan.
Generally I will not recommend a Loan for start-up except you have a required knowledge and good strategy to succeed in such business.
But AGSMEIS loan Is slightly an exception because of the flexibility in Loan repayment.
So, I encourage you to apply for the Loan, you need a business plan so as to succeed in your desired business space.
Learn how to apply for the loan step by step
Why You Apply for CBN AGSMEIS Load
- The loan is Business friendly
- a comfortable repayment plan
- no collateral in needed for the loan
- It will enable you reach a wider market
