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NYIF Registration Portal
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.
The registration portal is now open.
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 2020 application portal on nyif.nmfb.com.ng portal?
You can apply directly via official websites or over the phone. NYIF will handle the application process, thereby significantly cutting down the time and effort it would usually take.
This loan is sponsored by the Central Bank of Nigeria in collaboration with NIRSAL Microfinance Bank.
Come on, see the terms and conditions, and complete process for applying for this loan below:
A lot of Nigerians have heard about Nigeria Youth Investment Fund but do not know about the NYIF Registration Portal i.e. www.nyif.nmfb.com.ng A lot of aware Nigerians have registered for at official portal.
We have prepared this page to make you aware. Here you will be guided regarding how to use NYIF registration portal, how to apply Nigeria Youth Investment Fund.
Aim and Benefits of Nigeria Youth Investment Fund
This NYIF fund is dedicated to investing in the innovative ideas, skills and talents of Nigerian youth between the ages of 18 and 35, and provides them with specific mechanisms to access capital, finance, business management skills and other essential input. to develop a sustainable business. Among other things, the framework states that NYIF aims to empower Nigerian youth financially to create at least 500,000 jobs between 2020 and 2023.
NYIF fund aims to reach 500,000 youth annually between 2020 and 2023. Each fund approval will range from N250, 000 to N50, 000,000, with a spread across group applications, individual applications, working capital loans set at 1 year and term loans set at 3 years with single digit interest rate of 5%.
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, BVM)
- 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)
Select Preferred Training Center
- (a) Federal Ministry Youth Sports & Development
- (b) National Youth Development Centre (North Central)
- (c) National Youth Development Centre (South South)
- (d) National Youth Development Centre (North West)
- (e) National Youth Development Centre (North East)
- (f) National Youth Development Centre (South East)
- (g) National Youth Development Centre (South West)
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)
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