The Nigerian youths investment fund portal also known as the NYIF loan application portal and its form is out for people to register.
To apply for the NYIF Loan you have to visit the official portal and fill out the official NYIF loan form in order to get considered for loan approval.
We reported not long ago that the Nigerian youths investment fund portal is currently open and is currently accepting applicants who are interested in the fund.
We already have past beneficiaries of the loan by the Federal Government, the loan is open and free to all applicants this means you don’t have to pay.
Do take note that the only official portal site to apply for the NYIF loan is www.nyif.nfmb.com.ng, it is important to make sure that you are registering on the authentic site.
Right in this article, we will guide you through the process you need to register your profile on the NYIF portal and to get considered for a loan.
Let’s start by following the steps below:
Table of Contents
Nigerian Youths Investment Fund portal (NYIF) Application
The Nigerian Youths Investment Fund portal (NYIF) was set up as an initiative of the Federal Ministry of Youth and Sports Development (FMYSD) and funded by the Central Bank of Nigeria (CBN) to invest in youth ideas to build sustainable businesses that can create enterprise and increase the rate of job opportunities in Nigeria.
Nigeria Youth Investment Fund (NYIF) Application Requirements
Before you apply for the Nigerian Youths Investment Fund portal you need to meet the requirements below:
- Must be of age 18 years and above
- Provision of your personal information
- Bank Account Number (Details)
- Provision of Business plan Summary or Completed Questionnaire
- Bank Verification Number (BVN)
- Provision of any Valid Means of Identification (Voter’s Card or National ID Card)
- Entrepreneurship Training Certification from FMYSD Entrepreneurship Development Institutes (EDIs)
Benefits of the Nigerian Youths Investment Fund (NYIF)
The fund is dedicated to investing in the innovative ideas, skills & talents of Nigerian youths with the aim of transforming them into entrepreneurs.
It is also to help bring about wealth creators and employers of labor, contributing to national development.
The fund helps fund to support business establishment, growth, expansion, in the light of creating employment for youths.
How to register for NYIF Loan Application Form
Registering for the NYIF Loan is straightforward, all you need to do is to follow the steps below carefully:
Start by visiting the NYIF portal https://nmfb.com.ng/
When on the page, click on the “Apply Now” button
After you will be redirected to a page to fill in your personal details
This will create you an account after that complete your profile
Attach all the necessary documents you need depending on your loan
Now apply for a loan and wait for the mail.
Frequently Asked Questions (F.A.Qs)
What is the NYIF Loan about?
Nigeria Youth Investment Fund is a program created by the Federal Government to help boost the financial life of Youth in Nigeria.
Is NYIF loan real or fake?
This is a question that goes around every day, the answer to this is “NYIF is real and not fake”. The program is powered by the Federal Government to help youths.
How much of a loan can I access?
Individual / Non-registered Businesses: Can access up to ₦250,000.00
Registered Businesses (Business Name / Limited Liability / Cooperative Societies/ Commodities Associations): Can access up to ₦3,000,000.00
How long is the loan for?
Term loans have a maximum tenor of not more than 5 years.
What valid means of identification do I need?
Any valid means of identification such as a Driver’s license, National ID & International passport.
What is the official NYIF portal website?
The only official to register for Nigerian Youths Investment Fund Portal NYIF is www.nyif.nfmb.com.ng and registration should only be done on the official site.