Nigerian Youth Investment Fund - Eligible Businesses

The Central Bank of Nigeria (CBN), has disclosed businesses and activities that are eligible to benefit from the Nigeria Youth Investment Fund (NYIF).

Eligible Businesses/activities for NYIF Scheme

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.

Businesses Ineligible to apply for NYIF Registration

In the publication, applicants who are ineligible to apply for the Nigerian Youth investment fund include:
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.

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

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 Investment Fund (NYIF).

Registered Businesses wishing to apply for the Nigerian Youth Investment programme, should provide the following details as listed below. Then click the link in the next line.