Link to Apply for Nigeria Youth Investment Fund (NYIF)

Link to Apply for Nigeria Youth Investment Fund (NYIF)

The Federal Executive Council in March 2024 approved the take-off of the restructured N-YIF with an initial seed-up capital of N110 billion. The objective of the N-YIF is to improve access to finance for youths and youths-owned enterprises for national development; generate much-needed employment opportunities to curb youth restiveness; encourage out-of-school, marginalized, unemployed and underemployed youths to venture into sustainable, viable, income-generating projects or ventures; and promote active participation of youths in the socio-economic development of Nigeria through youth enterprise clusters across the country.

The initiative is targeted at young people ages 18 to 40. It outlines the actions required to support business establishment, expansion, and employment creation. The fund aims to financially empower Nigerian Youths to generate at least one million jobs in 2024.

Objectives of the NYIF

• 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.

Eligibility Criteria

• To be eligible for the NYIF, applicants must meet the following criteria:
• 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 Nigeria's economic development.
• Provide a viable business plan.

Link to Apply

https://www.fmyd.gov.ng/youth-empowerment-program

How to Apply

• Register: Create an account on the NYIF portal.
• 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.

Required Documents

Applicants must upload the following documents:

• Copy of National Identification Card (NIN)
• Business Registration Certificate
• Business Plan/Proposal
• Proof of Business Ownership (if applicable)

Application Process

Step 1: Online Registration and Application Step 2: Submission of Required Documents Step 3: Application Review and Verification Step 4: Funding Decision and Disbursement