• Home
  • Make Money
  • Loans

Voice of Nigeria

voiceofnigeria.org.ng is the number go-to for making money, grants, fund, loan options and federal government jobs

CBN discloses eligible businesses, those ineligible to apply for N75 billion Youth Investment Fund

November 19, 2020 By Amitverain Leave a Comment

The Central Bank of Nigeria (CBN), has disclosed businesses and activities that are eligible to benefit from the Nigeria Youth Investment Fund (NYIF), which was recently launched by the Federal Government. The apex bank also pointed out the applicants that are not eligible to apply to benefit from the funds.

This was disclosed in the framework for the implementation of the Nigeria Youth Investment Fund, published by the Central Bank of Nigeria and signed by its Director, Development Finance Department.

Those Ineligible to apply

In the publication, applicants who are ineligible to apply for the funds, which is an initiative of the Federal Ministry of Youth and Sports Development are:

Applicants that are currently enjoying NIRSAL Microfinance Bank (NMFB) loans – which includes Targeted Credit Facility (TCF) and Agribusiness/Small and Medium Enterprises Investment Scheme (AgSMEIS) loans, that remains unpaid.

In addition, beneficiaries of other government loan schemes that remain unpaid are also not eligible to participate in this scheme.

Important Links

  • NYIF News
  • NYIF Application Form
  • NYIF Registration Portal
  • NYIF Shortlisted Candidates
  • Nigerian Youth Investment Fund Guidelines

Eligible Businesses/Activities

The CBN also outlined in the framework, the businesses and activities that are legally allowed to be eligible in the scheme. These include;

  • Technology/Innovation
  • Agriculture and related value chain
  • Green Economy and Renewable energy sector
  • Manufacturing
  • Hospitality/Tourism
  • Construction
  • Logistics and supply chain
  • Healthcare value chain
  • Creative sector
  • Trading and services
  • Others as may be determined by NYIF/CBN from time to time.

The CBN, however, states that preference shall be given to enterprises that will support the growth of priority sectors, specifically those identified by the Economic and Recovery Growth Plan (ERGP) and the Nigerian Youth Employment Action Plan.

The Federal Ministry of Youth and Sports Development is expected to collaborate with relevant stakeholders to identify potential youths for training and mentoring. The youths that are duly screened (and undergo the mandatory training where applicable) shall be advised to log on to the portal provided by the NIRSAL Microfinance Bank (NMFB) to apply for the facility.

NYIF in 2023, Application Process & Requirements

Application for the NYIF in 2023 According to reports that have been obtained from credible sources, there is a possibility that the Federal Government of Nigeria will begin accepting applications for the Nigeria Youth Investment Fund in the year 2023 ...
Read More

NYIF Registration Portal & Fill Application : nyif.nmfb.com.ng

NYIF Portal Login: How To Apply, Verify Your Email REGISTER FOR NYIF NEWS  To know immediately about the NYIF Registration Portal news update, nyif application form, registration process and upcoming NYIF News in the near future, you can subscribe to our ...
Read More

NYIF 2023: Application, BVN Validation, Eligibility & More

NYIF 2023 Application: There is a possibility that the Federal Government of Nigeria may begin accepting applications for the Nigeria Youth Investment Fund in the year 2023, according to the reports that have been obtained from reliable sources. (more…) Related ...
Read More

Easy Steps to Validate your BVN on the (NYIF) Portal

JUST IN: Steps to Validate your BVN on the Nigerian Youth Investment Fund (NYIF) Portal in the ongoing Validation Process Did you apply for NYIF? and you are yet to validate your BVN to move to the next phase, here ...
Read More

NYIF Login: Application, BVN Validation, Eligibility & More

NYIF Login BVN: How to Validate Your BVN On NYIF Portal How to Apply for NYIF Registration: For registered Businesses The Central Bank of Nigeria (CBN), has disclosed businesses and activities that are eligible to benefit from the Nigeria Youth ...
Read More

NYIF Fund Approval Begins: Register Email for Nigerian Youth Investment Fund

NYIF Disbursement Begins: How to Check Nigerian Youth Investment Fund Loan Status If you have applied for a loan from the NYIF Nigerian Youth Investment Fund, it doesn’t end there. You need to follow up and make sure you get ...
Read More

NYIF Loan Application Form 2022/2023 Reopens for Fresh Applicants

NYIF Loan Application Portal 2022 Reopens for Fresh Applicants – How to Apply for NYIF Loan Empowerment Programme 2022 Have you been looking for a way to apply for the Nigeria Youth Investment Fund Loan? If yes then we have ...
Read More

NYIF Approval Begins: Login NYIF DASHBOARD Check Loan Status

NYIF Disbursement Begins: How to Check Nigerian Youth Investment Fund Loan Status If you have applied for a loan from the NYIF Nigerian Youth Investment Fund, it doesn’t end there. You need to follow up and make sure you get ...
Read More

NYIF Login BVN: How to Validate Your BVN On NYIF Portal

NYIF: Have you received verification messages at your email address? NYIF Login BVN: How to Validate Your BVN On NYIF Portal NYIF: If You Haven’t Gotten Email Verification Link, Here is What You Should Do. (more…) Related ...
Read More

Easy Steps to Validate your BVN on the (NYIF) Portal 

JUST IN: Steps to Validate your BVN on the Nigerian Youth Investment Fund (NYIF) Portal in the ongoing Validation Process Did you apply for NYIF? and you are yet to validate your BVN to move to the next phase, here ...
Read More

NYIF ₦500k Loan Approval Status | NYIF ₦500k Loan Shortlisted Candidates is out

In today’s article we are going to talk about NYIF ₦500k Loan Shortlisted Candidates & Approval Status And you are also searching about the same. And want to know about NYIF ₦500k Loan Approval Status then this article plays a very ...
Read More

NYIF Approval Begins: Login NYIF DASHBOARD Check Loan Status

NYIF Disbursement Begins: How to Check Nigerian Youth Investment Fund Loan Status If you have applied for a loan from the NYIF Nigerian Youth Investment Fund, it doesn’t end there. You need to follow up and make sure you get ...
Read More

NYIF How to Transfer the Loan To Your Bank Account

Easy way to transfer NYIF loan from NPF Microfinance Bank to your bank account Are you struggling to transfer your approved 2022 NYIF loan from NPF Microfinance Bank to your bank account? Here you will find  How to Transfer the ...
Read More

NYIF Update: Check your loan status for faster distribution

NYIF Update: How to check your loan status for faster distribution If you have registered for the Nigerian Youth Investment Fund (NYIF) loan program, and you have not yet been granted a loan, it is important that you know the ...
Read More

NYIF Loan Disbursement: LAPO MFB starts disbursement

NYIF Loan Disbursement: LAPO MFB starts disbursement LAPO Microfinance Bank has taken the lead in disbursing the Nigeria Youth Investment Fund (NYIF loan). Loans will be disbursed to 25,000 recently selected beneficiaries of the program. (more…) Related ...
Read More

NYIF News: Shortlisted Applicants to Respond Promptly

Minister: We ask shortlisted applicants to respond immediately. NYIF loan application portal – FMYSD asks shortlisted applicants to respond promptly. (more…) Related ...
Read More

NYIF News: Latest loan approval updates

NYIF N75bn youth fund: beneficiaries to reply email or risk losing loan NYIF: FG appeals 22,000+ young people to complete the loan process NYIF Loan Application Portal 2022 updates shortlist, approval NYIF Disbursement Begins: Check Fund Loan Status. NYIF: Simple ...
Read More

NYIF: FG appeals 22,000+ young people to complete the loan process

The Federal Ministry of Youth and Sports Development has appealed to over 22,000 successful applicants to respond to emails approving the disbursement of loans under the Nigeria Youth Investment Fund (NYIF). (more…) Related ...
Read More

NYIF N75bn youth fund: beneficiaries to reply email or risk losing loan

NYIF N75bn youth fund: Ministry asks beneficiaries to reply email or risk losing loan The Ministry of Youth and Sports Development has asked Nigerian youths to respond to their emails who have applied for loans under the Nigeria Youth Investment ...
Read More

NYIF News – New Registration, Approval, Disbursement, Training and More

NYIF News – Latest news updates related to Approval, Shortlist, Disbursement, Training, Application, Registration portal, status, and more.  (more…) Related ...
Read More

Related

FREE REGISTRATION

Reader Interactions

Leave a Reply Cancel reply

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

Primary Sidebar

Search Jobs in Nigeria

Recent Posts

  • Make Money As a Student with ChatGPT Free Version
  • U-Save Foundation Fellowship Program 2023 (Only for Nigerians)
  • Dollar to Naira Rates in Nigeria Today 6th June 2023
  • 25+Visa-Free and Visa-On-Arrival Countries for Nigerian Passport Holders
  • Make N500,000 Every Month – Zero Investment Business Ideas
  • Earn ₦1,000,000 Monthly with Jumia – Start Earning Today
  • Fully Funded Scholarships in Canada 2024: Your Gateway to Quality Education
  • NPC News: New Date For National Census
  • Top 7+ Secret Websites To Make Money in 2023 [₦46000 Daily]
  • How I Read Deleted Messages On WhatsApp, A Secret Guide
Copyright © 2020 Voice of Nigeria. All Rights Reserved
Contact   About  Disclaimer  Privacy Policy