NYIF Portal Login: How To Apply, Verify Your Email
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NYIF Registration Portal – www.nyif.nmfb.com.ng
The Nigerian federal government has set up various projects to protect the population from disadvantage. One of these many projects is an advance by the Nigerian Youth Investment Fund NYIF.
NYIF Registration at Youth Investment Fund Website for the Nigeria Youth Investment Fund.
This assistance is intended for those interested in complete guidelines and how to apply for the 75b NYIF Loan.
This page is created to present the latest and every information regarding the NYIF Application Form & NYIF Registration also known as Nigeria Youth Investment Fund.
Applications are currently open to the Federal Government’s N75 billion Nigerian Youth Investment Fund (NYIF). Funded by the Central Bank of Nigeria (CBN), the NYIF program is launched by the Federal Department of Youth and Sports Development (FMYSD) to provide investment loans to young people and businesses by youth. domestic ownership.
Follow this guide for How do you apply for a NYIF application portal on https://nyif.nmfb.com.ng/app portal?
You can apply directly through the official websites or by phone. NYIF will handle the application process, significantly reducing the time and effort required to do so.
The loan is sponsored by the Central Bank of Nigeria in association with NIRSAL Microfinance Bank.
Please see below the terms and conditions and the entire process for applying for this loan:
Many Nigerians have heard of the Nigerian Youth Investment Fund but are not aware of the NYIF registration portal as www.nyif.nmfb.com.ng Many aware Nigerians have registered on the official portal.
We have created this page to make you aware. Here you will be guided on how to use the NYIF Registration Portal, how to apply for Nigeria Youth Investment Fund.
Aim and Benefits of Nigeria Youth Investment Fund
GLOBAL LIMIT : N12.5 billion
FACILITY TYPE : Term Loan
SINGLE OBLIGOR LIMIT: Individual / Non registered Business: Up to #250.000.00 | Registered Businesses( Business Name, Limited liability/ Corporative Societies / Commodities Associations): Up to N3,000.000.00.
LOAN TENOR : Maximum of 5 years
MORATORIUM : Maximum of 12 months
Repayment Structure: Repayment will be on installment basis inline with businesses and NMFB evaluation.
NYIF Portal Application Login at www.nyif.nmfb.com.ng 2020
Here we want to make it clear that this post is designed to enhance your knowledge but it is not part of the official NYIF registration portal.
All interested traders can apply online. Below are easy steps and by following these you can easily apply.
- The very first step is to visit NYIF Registration Portal i.e. nyif.nmfb.com.ng
- Once website loaded successfully navigate it carefully
- Click on “Apply” link
- Fill the NYIF Application Form (First Name, Middle Name, Last Name, NYIF BVN)
- Click on Next button
- Fill all the required information correctly
- Upload documents
- Submit the application form
NYIF Registration Procedures
- First Name
- Middle Name
- Surname (Last Name)
- Date of Birth
- Email address
- Residential Address
- Geo-Political Zone
- State of Origin
- Educational Level (Primary, Secondary & Tertiary)
Candidates must undergo mandatory entrepreneurship training arranged or approved by the federal Department of Youth and Sports Development..
Legally allowed activities in the sectors or focal areas listed below shall be eligible:
(i) Technology/ Innovation;
(ii) Agriculture and related value chain;
(iii) Green Economy and Renewable energy sector;
(vii) Logistics and supply chain;
(viii) Healthcare value chain,
(ix) Creative sector and
(x) Trading and Services.
(xi) Others as may be determined by NYIF/CBN from time to time.
Types of Facilities
Term Loan (for asset acquisition/improvement)
(i) Individual (Unregistered business)
Shall be determined based on activity/nature of project subject to the maximum of N250,000
(ii) Registered Businesses (Business name, Limited Liability, Cooperative, Commodity Association shall be determined by activity/nature of project subject to the maximum N3.0 million (including working capital).
Note: Immovable assets acquired with the loan must be registered with the National Collateral Registry (NCR)
Why to Subscribe VoiceofNigeria for NYIF Registration Updates
Voice of Nigeria is the one stop place for NYIF Application Status updates. We ensures that all the updates get notified to all our visitorswhich published at www.nyif.nmfb.com.ng / https://nyif.nmfb.com.ng/app.