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How To Apply And Benefit From The 75bn Youth Investment Fund (NYIF)

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The Minister of Youth and Sports Development Minister, Mr Sunday Dare has on Thursday, launched the application for the Nigeria Youth Investment Fund (NYIF) in Abuja.

The loan provided under NYIF has an interest rate of five per cent per annum with youths applying as individuals or non-registered businesses being able to draw up to N250,000, while youth owned registered businesses could apply for up to N3,000,000.

The loans has a five years tenure with moratorium of up to 12 months and NISRAL Microfinance Bank was selected as disbursement agency, given its reach and spread which ensured that youths across the country had access to apply for the fund.

To apply for the Nigeria Youth Investment Fund loan, follow these steps;

1. Visit the fund portal at https://nyif.nmfb.com.ng/ which looks like this;

2. Click the “Apply Here” button to be redirected to a new page for registration that looks like this;

There you’d fill in your name and your BVN, on completion, after which you’d click submit.

3. Next you’ll be taken to another page to fill in details about your gender, phone number, address and the likes, on completion, click submit once again.

4. On this page you’d be asked to fill in details of where you’d like to have your training, be it North Central, South West, South South etc. and others, on completion click submit and it ends there.

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The fund is opened to youths around the country between the age of 18 to 35 and must be able to identify him/herself as a citizen and must have a guarantor.

See more details;

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