Link to Apply for Nigeria Youth Investment Fund (NYIF)

The Federal Ministry of Youth Development has reopened applications for the Nigeria Youth Investment Fund (NYIF), a major government initiative created to empower young Nigerian entrepreneurs with access to capital, training, and business support. This relaunch is part of the federal government’s strategy to boost youth employment, promote entrepreneurship, and stimulate economic growth nationwide. (Nairametrics)

The NYIF offers soft loans, grants, and equity investment opportunities to young Nigerians looking to start or expand a business. Whether you have a business idea or an existing enterprise, this fund could be the push you need to scale.

NYIF Application Portal (Apply Here)

To begin your application, click below:

Apply Now: https://fmyd.gov.ng/
(Official portal link as shared by the Ministry on its social channels)

What Is the Nigeria Youth Investment Fund (NYIF)?

The NYIF is a government-backed financial inclusion program designed to help young Nigerian entrepreneurs access funding and business resources. Initially launched in 2020, the fund was expanded and strengthened after the Federal Executive Council approved ₦110 billion for its rejuvenation under the current administration. (Ministry of Information)

Who Can Apply?

The fund primarily targets:

• Young Nigerians aged 18–40
• Aspirant entrepreneurs with viable business ideas
• Existing businesses seeking expansion capital
  This means whether you’re just starting out or ready to scale, you’re eligible if you meet the criteria and requirements.

Key Objectives of the NYIF

The Nigeria Youth Investment Fund aims to:

1. Increase Youth Employment – By helping young founders create sustainable jobs. (bbcnews.com.ng)
2. Bridge the Capital Gap – Enabling youth with limited access to traditional finance to start or grow ventures.
3. Promote Inclusive Economic Growth – Through youth-led businesses across key sectors.
4. Build Entrepreneurial Skills – Including mentorship, training, and business development support.
5. Stimulate Innovation and Digital Adoption – Encouraging new solutions and tech-driven enterprises.

How to Apply for NYIF – Step by Step

The application process is straightforward and designed for all eligible Nigerian youths. Here’s how to apply:

1. Visit the NYIF Online Portal
   Go to: https://fmyd.gov.ng/
2. Complete the Application Form
   You will be asked to enter your personal and business information.
3. Upload Required Documents
   a. If starting a new business – A short business summary that clearly explains your idea, funding needs, projected breakeven, and expected results.
   b. If expanding an existing business – An executive summary outlining your growth plans
4. Submit Your Application
   Review your details carefully before submitting to ensure accuracy.

Key Benefits of the NYIF

The NYIF provides a range of financial and developmental benefits:

• Access to Loans and Grants – Funds available for eligible entrepreneurs at favorable terms.
• Support for Business Growth – Funding to scale production, expand operations, or increase market reach.
• Mentorship and Training Programs – Access to business development resources to increase success rate.
• Boost in Job Creation – Supporting youth entrepreneurs leads to increased employment opportunities across sectors.

Recent Developments & Expansion

The Federal Government has not only reopened the NYIF portal but also increased funding to ₦110 billion to better support youth innovators and business owners nationwide. This funding increase reflects a renewed commitment to youth empowerment and sustainable economic impact.

In addition to capital assistance, the NYIF programme now includes skills development and entrepreneurship strategic support, making it a holistic investment in youth capacity building.

Contact & Support

For enquiries about the NYIF:

Address: Federal Secretariat, Abuja, FCT, Nigeria
Phone: +234 777 0023
Email: info@fmyd.gov.ng

Final Tips for Applicants

• Ensure your details (especially BVN and email) are correct.
• Prepare a clear and concise business summary if applying for startup funds.
• Respond quickly to any communication from the Ministry after submission.

Applying early and accurately improves your chances of approval and disbursement.