Nigerian Youth Investment Fund
The NYIF Nigerian Youth Investment Fund is a government initiative created to boost the Nigerian economy through leverage and access to finance for youth.
The fund hopes to act as a catalyst to unleash the potential of young people and enable many of them to set up businesses that increase employment rates.
NYIF aims to reach 500,000 young people per year between 2020 and 2023. Each fund approval will vary from N 250,000 to N50,000,000, with a margin between group requests, individual requests, working capital loans. ‘one year and term loans. 3 years with a single digit interest rate of 5%.
Disbursements are made through various channels including microfinance, finance companies and deposit banks, regulated by the Central Bank of Nigeria and supported by the Bank of Industry.
Start or grow your own business with the help of a free government guaranteed loan and business support. A great alternative for those looking for business loans to finance their business.
Lots of documentation is required
A viable existing business is needed
Official government ID
The candidate must be between 18 and 35 years old.
Forms for notary guarantors
Bank Verification Number
Viable business idea
NYSC Graduate Certificate