Connect with us


CBN Approves Payment Date for NYIF Applicants (N75 billion)

The Federal Government has approved payment date for applicants of N75 billion Nigerian Youths Investment Fund (NYIF).

Get Federal Government Loan for Business Startup => See Here!


NYIF was established last month by the Federal Government in collaboration with Central Bank of Nigeria(CBN) to funding and supporting youths in their businesses.

NYIF is designed to reduce unemployment rate by creating more jobs opportunities for unemployed Nigerian youths.

The money will be disbursed through different channels including Micro Finance Bank, approved by Bank Of Industry(BOI) and Central Bank Of Nigeria(CBN).

According to the statement by the Bank Financial Development Department;

“The disbursement will be made immediately after proper approval by the Central Bank Of Nigeria and NISRAL Micro finance bank BEFORE the END of this YEAR.

And it will continue till 2023 with N25 billion each year, Which will be only available to youths under the age of 18-35years”.

If you have not registered for NYIF, visit NYIF loan application portal.

Share this post

Also Read:  How To Apply For Sterling Bank Specta Loan
Continue Reading
You may also like...


  1. Ameh Lawrence praise



  2. Emmanuel


    Pls I applied for the loan over 2weeks and up till now I am yet to receive please don’t know what’s going on

  3. Deenzy


    pls enlight us more about it, I how that bank will partner with others bank to run it smoothly

  4. Valentine


    Pls I applied for the NYIF but I don’t have an account with any micro finance except commercial banks. Will CBN pay to our commercial bank account or we will need to open an account with the approved Micro finance bank.

  5. Labe Selumun Elijah


    I thank the federal government for making ways so that youth and citizen will not be idle both have something doing. I pray that they should fulfill it. Kudos once again.

Leave a Reply

Your email address will not be published. Required fields are marked *

More in Loans/Finance


Recent Posts

Subscribe to Our Newsletter

Enter your email address to SUBSCRIBE for FREE to this blog and receive notifications of new posts by email.

Join 8,792 other subscribers
To Top