Link to Apply for New NYIF Loan (2024 Application Portal)

It is no news that the Federal Ministry of Youth Development has reopened applications for the Nigeria Youth Investment Fund (NYIF), a landmark initiative aimed at empowering young Nigerian entrepreneurs.

The NYIF is designed to provide financial support to young people who are keen on starting or expanding their businesses, thereby driving economic growth and creating jobs.

The Ministry announced the relaunch of the NYIF through its official X (formerly Twitter) handle, encouraging young entrepreneurs to seize this opportunity.

NYIF Application Link

To start your application, go to http://bit.ly/NYIF-APPLY.

Key Objectives of the NYIF

1. Addressing the fragmentation of youth programs to create a cohesive and impactful approach.

2. Providing necessary capital to help young entrepreneurs start or expand their businesses.

3. Aiming to generate at least 500,000 jobs between 2020 and 2023.

4. Stimulating economic activity through youth-led enterprises.

Application Process

The application process is designed to be accessible for all eligible young Nigerians. Here are the steps to apply:

1. Go to NYIF Application Portal.
2. Fill out the required fields, including your personal and business details.
– Name

– National Identification Number

– Bank Verification Number

– Email Address

– Date of Birth

– Phone Number

– Permanent Home Address

– Highest Qualification

– State of Business Implementation

– Type of Business/Program of Interest

3. Upload Required Documents:

– For those seeking startup funding, a one-page business summary including the amount needed, breakeven details, and number of employees.

– For existing businesses or clusters, an executive summary detailing the proposed expansion or new initiative.

4. Submit Your Application:

Ensure all information is accurate and complete before submitting.

Application Link: http://bit.ly/NYIF-APPLY

Key Benefits of the NYIF

• Loans, grants, and equity investments tailored to young entrepreneurs.
• Enabling young Nigerians to create jobs and reduce unemployment.
• Contributing to national growth through innovative and sustainable business ventures.

Additional Support and Resources

The Federal Ministry of Youth Development is committed to providing comprehensive support to NYIF beneficiaries. This includes:

• Equipping young entrepreneurs with the skills needed to manage and grow their businesses.
• Connecting beneficiaries with experienced business leaders for guidance and support.

Contact Information:

Address: Federal Secretariat, Abuja, FCT, Nigeria.

Phone: +2347770023

Email: info@fmyd.gov.ng

Stay connected for the latest updates and opportunities by following the Ministry on social media.