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How to access ₦75 billion NYIF Loan – nyif.gov.ng

This post will serve as a guideline on to apply for the newly approved ₦75 billion Nigerian Youth Investment Fund, NYIF loan of the federal government.

NYIF Loan

The approval range for this loan is between ₦250,000 and ₦50 million, which spread across group applications.

This loan is specifically for Nigerian youths between the age of 18 and 35 years who have a fundable business idea. It is expected that this loan will help reduce the increasing rate of unemployment, which has been worsened by the COVID-19 pandemic.

Requirements for NYIF loan

Below are requirements to access the Nigerian Youth Investment Fund;

  • Prospective beneficiaries must be a Nigerian citizen by birth.
  • Must be between the age of 18 and 35 years.
  • Passport photographs
  • Active phone number and e-mail address
  • Bank Verification Number (BVN) and bank account
  • A fundable business idea or registered business.
  • Must have government issued ID card. See how to check your National Identity Number (NIN) with your mobile phone.
  • Must provide at least two guarantors.

Loan funding

The Central Bank of Nigeria (CBN) and the Ministry of Finance, Budget and National Planning (MFBNP) will jointly provide the financing to kick start the project.

Amount, interest rate and term

The loan ranges from ₦250,000 to ₦50 million, and loan term set at 3 years, with an interest rate of 5%.

A minimum of ₦25billion will be released each year for 3 years, totaling ₦75 billion.

How to apply for Nigerians Youth Investment Fund (NYIF) loan

The loan will be disbursed via various channels like; Micro Credit Bank across the country under the Central Bank of Nigeria supported by BOI, Fintech Organisations and Venture Capital Organisations registered with the CBN.

Qualified Nigerian youths, who have genuine business ideas, should visit any of the 125 micro-credit banks across the Nigeria to access the loan. You can also apply online at https://nyif.nmfb.com.ng/Applicants/New

Below are other loan opportunities you can apply

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63 Comments

63 Comments

  1. Kabiru Musa

    at

    Sir.
    Please help me my business is low and my family are in hunger walahi I don’t wahat to do am in trouble plz

  2. Ekuma Friday Ekuma

    at

    Unemployed graduate looking for laon start up his business for his daily bread at least

  3. Mudassir shuaibu

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    Dear sir I m businessman I waiting for laon

    • Achimugu joy Ojoache

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      Am a graduate,I need the loan to start up business. Thanks.

  4. ekpe ogochukwu

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    interstered

  5. Agbo Friday

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    Am businessman and I need the loan to support my business

  6. Abba Tamshe

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    Interested

    • Abubakar Nasir

      at

      I didn’t received any message up to now

  7. Shamsu Rabilu

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    I am not receive any message through my email

  8. Umar Alhassan

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    I’m not receive any messages in my email

  9. Mohammed

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    How do I train online, I don’t know the essential training portal And I didn’t receive any message meant for training invitation via my mail box or otherwise..

    • Azua Terhemba Timothy

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      Where is exactly portal for training cos I received the message

  10. Shamsu Rabilu

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    I am not receive any message from nyif

  11. Ogamodey Sunday

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    Pls update me when d names is out

  12. Ataka Stephen

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    Please notice me at all time if shortlistted

  13. Adamu Musa Adamu

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    I am graduate I need loan to investing my business pls

  14. Sani Dabo

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    I’m business man I need loan my here 08060008115

  15. Iorzaa lubem

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    Notify me at all times

  16. david James

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    how do I know if am shortlisted

  17. Leo

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    Interested

  18. Igwe Michael

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    I want a loan for my computer business,150,000 I will be happy if my application is been granted thanks

  19. Gladys Etim Ebong

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    Am waiting patiently pls

  20. Blessing habila

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    please when are they going to start it please email me if the side is open

    • Aminu iliyasu

      at

      I to

  21. Ejaitajeph

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    It’s September already and no news about NYIF please mail me when it’s open ejaitajeph@Hotmail.com

  22. Ogbavwerha favour ogba

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    I need the loan .my no,08109694009

  23. Yilchir happiness donendung

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    I need this loan to start piggery

  24. Nuraddeen Abdullahi Yeldu

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    Hi oga at the Top.
    I have a business proposal which I want to start sperghety processing and production. I need this loan to help start this my enterprenuer business. Thank you

  25. ADEMOLA,Olanrewaju Folorunso

    at

    Please sir,i need too.

  26. Yunusa Mohammed

    at

    Am waiting

  27. Nsisong Okon Ekpai

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    I’m a food production processor, I need a help of loan to start up the business, I have my pharmacy technician certificate to place on, thanks for your help

  28. Muhammad usman

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    Please i am a farmer when this portal will be launch i want to farm a beans is late now my phone number 07043708259

    • Danladi nuhu

      at

      Please I am farm plant bean and Beanies see when is this side going to open

  29. Ameh Andrew Oche

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    Am very much interested

  30. Iromaka ikechukwu johnbright

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    Notify me immediately it is launched

  31. Amankwe Godgive chidera

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    Interested

  32. Ugwu Emmanuel

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    Kindly notify me when available.

  33. Sirajo muhammad

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    Please when the program would start

    • Sulaiman muhammad usman

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      Notify me if its launched

  34. Sirajo muhammad

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    This is a kindness thanks

  35. John Kwasin Bally

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    Interested

  36. Sharifdeen Shuaibu chukwuebuka

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    Notify me immediately it is launched

  37. Victoria

    at

    Very interested

  38. George Felix

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    Please keep me updated,, I’m interested this my number 08121376610

  39. Ajayi Temitope

    at

    Keep me informed of the latest development.
    Tel: 08037908508

  40. Femi Abimbola Adele

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    Please I used God to beg update me when the site and everything set because I need of this to boost a business its better plan for the youth here is my number 08156587808

  41. Monday Jacob Thompson

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    Please keep me updated

  42. Dominion edionweme

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    I can’t wait for this,am so happy🙂🙂 pls notify me when the site is out….

  43. Gbemileke Jeremiah

    at

    Please, I can’t wait for the site to be active!!! Email me as soon as the site is launched. Thanks.

  44. Imrana Ibrahim

    at

    I can’t wait, please notify me when the site is launched

    • Yakubu munkaila

      at

      Still now I haven’t received any message through my email

  45. Aliyu Zaria

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    this is a welcome development, kudos to Hon. Sunday Dare. kindly alert me if the process commences.

  46. Abdulrahman Halidu

    at

    I interest for this load

  47. Adie Julius.

    at

    Please keep informed as soon as it commence.

  48. Abdulmalik masa

    at

    please notify me I need it

  49. Awwal

    at

    Notify me when the site start functioning.

  50. Sadiq Usman

    at

    Please inform me when the form is ready

  51. Olumide

    at

    Interested

  52. Fredrick ikechukwu

    at

    Please keep me posted on the nyif

  53. Shafiu yusuf

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    I interest notifying me if started the processing

  54. Shom Gabriel

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    Notify me
    Any time I try such things they won’t work..
    But let me give a try

  55. bolarinwa Micheal

    at

    Is a good idea. Please keep me inform as they start the process

  56. Hamza Hamisu

    at

    Please I need the loan please notify me

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