Good feelings follow the recent news that the Federal Government has re-opened the NYIF Loan Application Portal.
This means that new youths who want to receive the fund can now apply for NYIF Loan following the opening.
We have created this post to guide you and enlighten you on the benefits, procedures, and steps to apply and get the NYIF loan fund successfully.
As we know the NYIF (Nigeria Youth Investment Fund) was created to benefit the youths of Nigeria and to give out funds from N250,000 – 500,000.
What is the NYIF Loan?
The FG created the NYIF Loan as a fund to help all eligible Nigerian youths to improve their skills, mindset towards creating a job for themselves.
The fund is set to help bring their innovative and entrepreneur spirit out and to help them stand on their feet (to be independent)
This opportunity can help youths focus on their skills and at the same time work to help their society and the country at large with their productivity skills.
NYIF Loan requirements
Age requirement of 18 to 35 years
Your valid BVN
Working Bank Account details
NYIF Loan Eligibility
FORMAL BUSINESS ENTERPRISES
Registered Business / Youth Owned Enterprises
Duly registered formal business enterprises (Youth owned enterprises) with Corporate Affairs Commission (CAC)
Valid Bank Verification Number (BVNs) of Director
Provision of Business plan Summary / Or Completed Questionnaire
Evidence of Training Certificate from approved FMYSD EDIs
Provision of Tax Identification Number (TIN)
INFORMAL BUSINESS ENTERPRISES
Evidence of Local Government Indigene Certificate
(Individual / Non-Registered Business )
Have an operational business /enterprise domiciled In Nigeria (Those with unregistered business can also apply)
Must be a Nigerian youth within the age bracket of 18 to 35yrs
Valid Bank Verification Number (BVN)
How to Apply for NYIF Loan Application Portal 2021
To apply for NYIF Loan you must have checked the above requirement and must be eligible.
The registration portal is only available to those Nigerian youths that have not registered in the past or do not hold an account on the portal.
To start the registration process, you are to visit the portal website here NYIF Loan portal
Then you start with providing the required information such as your Name, BVN, Email address, and others.
You are to start registering your account with the NYIF portal starting from now, this is because it can be closed at any moment from now.
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