NYIF Application portal Login nyif.nmfb.com.ng|www.nyif gov.ng|NYIF Training portal|all you need to know

NYIF Application portal Login nyif.nmfb.com.ng|www.nyif gov.ng|NYIF Training portal|all you need to know

The Nigerian Youth Investment Fund was initiated by the Federal Ministry of Youth and Sports Development (FMYSD) as a recovery strategy to give a significant response to the youth employment challenges in the Nigerian economy.

The major purposes of the scheme are to deal with the obstacles of youth innovations and to empower Nigerian youth with capital and investment needed to build successful businesses that can become sustainable contributors and employers of labour that will contribute to Nigeria’s development.

The scheme aims at young people within the age range of 18-35 years and components required to support business organizations, growth, and consequent employment action for youth in fundamental economic and social sectors.

What NYIF Fund is all about

The sum of N75, 000,000,000.00 (seventy-five billion naira) was approved by The Federal Executive Council few months ago to fund the Nigeria Youth Investment Fund for the period of 2020 – 2023.

This fund will be committed sponsoring of creative ideas, talents, and skills of Nigerian Youth, and to constantly provide the youth with a special opportunity for needed funds, finances, business management skills and other information essential for sustainable business development.

FMYSD is in charge of budgetary expenditures and funds distribution. The fund aims to reach 500,000 youth yearly between 2020 and 2023.

Each successful beneficiary will access funds that range from N250, 000 to N50, 000,000, with a sweep through group applications, individual applications, working capital loans set for the tenor of a year, and term loans set to last 3 years with a single-digit interest rate of 5%.

The aim is to increase access to finance for youth and youth-owned businesses for national growth, to create employment opportunities, limit youth dissatisfaction, increase the administrative capability of the youth and improve their abilities to become corporate organizations in the future.

Requirements for accessing the fund

A huge percentage of youth are employed in the informal sector. Consequently, the NYIF will promote the growth of informal businesses owned by youth into the formal mainstream economy where they can be funded completely,

build a bankable track statement; and be actively captured as full-time participants in economic development.

Interested youth must fulfill the following requirements:

  • (i) Be a youth within the age range of 18-35 years.
  • (ii) Owned business/enterprises domiciled and functional in Nigeria.
  • (iii) Has no financial crime record in the last 10 years.
  • (v) Has a valid Bank Verification Number (BVN)
  • (vi) Has a Local Government Indigene Certificate.

Formal Business Enterprises (Youth Owned Enterprises)

These are enterprises owned by youths that are legitimate entities registered with the Corporate Affairs Commission (CAC).

Required Document include;

  • (i) Proof of registration with Corporate Affairs Commission (Certificate of Incorporation and Form CAC 2A);
  • (ii) Business questionnaire;
  • (iii) File of Directors with BVN nos.;
  • (iv) Proof of regulatory approvals (where applicable);
  • (v) Tax Identification Number (TIN).

Cooperative organizations registered with the appropriate government bodies and members of Commodity Associations that are within the required age range can also participate.

Types of Facilities

1. Term Loan (for asset acquisition improvement

(i) Individual (Unregistered business)

Shall be selected based on activity/type of project subject to the maximum of N250,000

(ii) Registered Businesses (Business name, Limited Liability, Commodity Association, Cooperative shall be selected by activity/type of project liable to the maximum of N3.0 million (including laboring capital).

Note:

Fixed assets obtained with the loan must be registered with the

National Collateral Registry (NCR), with the tenor of 5 years and 1-year moratorium depending on the type of business and the assets earned, also with an interest rate of not more than 5% per annum (all-inclusive).

How to Apply for NYIF|NYIF Application Process – Step By Step Guide

Follow these steps to successfully register for the ongoing Nigeria Youth Investment Fund (NYIF) if you’re interested and eligible

Step 1: Visit NYIF Application Portal for the Form

Visit the NYIF application portal. Once the NYIF portal opens, you will see the application form.

Step 2: Enter Your Personal Information

The following personal information is required

  • First Name
  • Middle Name
  • Last Name (Surname)
  • BVN

Click the “Next” button when you’re done

Step 3: Select Preferred Training Center

Click on the select box to select your preferred training center. The following training centers are available;

  • National Youth Development Center (North-Central)
  • National Youth Development Center (North-West)
  • National Youth Development Center (North-East)
  • National Youth Development Center (South-East)
  • National Youth Development Center (South-South)
  • National Youth Development Center (South-West)
  • Federal Ministry of Youth Sports and Development

Step 4: Select How You Heard About NYIF

The 4th step is ticking a box asking you how you came across NYIF. The following options are available

  • CBN
  • SMS
  • Facebook
  • NMFB Staff
  • Linkedin
  • Google Ads

Step 5: Accept NYIF Terms of Service

The 5th step is a button instructing you to verify that the information provided is true and correct. Click on the accept.

Step 6: Submit Your Application

Click on the submit button and you finally finish your application.

The MYSD will collaborate with appropriate stakeholders to specify potential activity for training.

Conclusion

The closing date has not yet been announced for the youth investment fund portal. All applications through the NYIF portal is free, there’s no form of payment.

  1. No training fees required
  2. The training is available online only
  3. The training period is 5days

81 thoughts on “NYIF Application portal Login nyif.nmfb.com.ng|www.nyif gov.ng|NYIF Training portal|all you need to know”

  1. Thanks for federal government of Nigeria but i have a little problem about my registration,i seek for solve my i got mistake from my Gmail address, instead to ibrahimalisaje4@gmail.com
    I wrote ibrahimalisaje@gmail.com i beg federal government to solve my this little problem in systemtic way.Thanks again

    Reply
    • Please someone should help me, I made a mistake with my Gmail obianujuzor2016@gmail.com instead of obianujuozor2016@gmail.com.

      Reply
    • Up till now, I haven’t got my verification email, even after repeatedly creating account and asking for several re-sends.

      Reply
  2. Pls,I have been trying to login to website of the NYIF, because I was sent a that I have been pre-qualified.So why is it not opening?

    Reply
  3. Good day sir, with all due respect to your humble personality, sir I have filled the form but if I click next it will shows that I have never been trained,and even they did not show me where to register the training center I prefer and even they didn’t show me any space to put on my gmail, please I need your assistance, have a nice day.

    Reply
  4. Ma/sir I have been sent an SMS that am pre-qualified for the nyif since last week friday but I’m facing difficulty to obtain the loan form…what do I do please help Admin.

    Reply
  5. Please someone should help me I was been pre-qualified. What does that mean. I long in and I created an account but up to now no message on my email

    Reply
  6. they sent me a msg of pre-qualification and after logging in with my BVN i have not heard any thing from you. i hope it is not a scam?

    Reply
  7. I HEAR FROM MANY PEOPLE ABOUT NYIF,I REALLY APPRIATIATE FOR WHAT THE ARE DOING,BECAUSE OF YOUTH,THANK YOU MUCH AND GOD BLESS U

    Reply
  8. I don’t receive my own verification code because I have a problem with my email address please send it to me through SMS and my correct email is ochenibenjamin@gmail.com that is the only problem that I have if not I’m already pri qualified

    Reply
  9. Am trying to complete my application for nyif. I’m finished for the steps 1,2,3,4,5,6. Am waiting for the next step which is acco hisunt and email verify.but the network is too much low. Please help me out

    Reply
  10. Am trying to complete my application for nyif. I’m finished for the steps 1,2,3,4,5,6. Am waiting for the next step which is account and email verify.but the network is too much low. Please help me out

    Reply
  11. Help i made a mistake on my Email address with a wrony email address. Instead of me to write okoiatim@gmail.com i ready wrote okoiarim@gmail.com pls let the frederal government help and correct it for me, to enable me have access to my account for confiramtion so i can apply for the loan and do my online training, this is the number i use during the registeration 08169914585 thanks.

    Reply
  12. We’re praying for This great administration, we approve 500000 in other to increases our business may Almighty Allah help us to succeed in our request to the federal government Ameeeen thank you sir.

    Reply
  13. Good evening Sir, after I have succeeded in creating password the remaining steps refuses to open so that i should proceed with the remaining steps. Thanks

    Reply
  14. I need 500,000 thousand to put in the my business I just started it with low capital so that it can grow up

    Reply
  15. As we have a good plan about this loan, we are eager to complete all the necessary issues relavant to this application, but it seem like there is something wrong with the portal because some time you may take up to 2weeks before you can successfully finished with the particular stage and move to the next one this happened may be as a result of bad network. We really need your assistance here
    Thank you sir

    Reply
  16. Please someone should help me, I made a mistake with my Gmail obianujuzor2016@gmail.com instead of obianujuozor2016@gmail.com.

    Reply
  17. Please I need help have checked through my email have not seen any Link,I was pre selected, and I fill in my bvn.thank,08138914087

    Reply
  18. Pls resend my confirmation link to my phone.the yahoo boys hacked any accout they could just because of this massae.

    Reply
  19. I summite my data but i didn’t see text and some people that summit before me get there sms please its random or serial if serial so it mean i got some wrong information

    Reply

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