How to Apply for 2024 Nigeria Youth Investment Fund (NYIF Loan)

The Federal Government has commenced registration for the 2024 Nigeria Youth Investment Fund (NYIF Loan).

The Federal Executive Council in March 2024 approved the take-off of the restructured NYIF with an initial seed-up capital of N110 billion.

The objective of the 2024 Nigeria Youth Investment Fund popularly known as the NYIF Loan is to improve access to finance for youths and youths-owned enterprises for national development; generate much-needed employment opportunities to curb youth restiveness; encourage out-of-school, marginalized, unemployed and underemployed youths to venture into sustainable, viable, income-generating projects or ventures; and promote active participation of youths in the socio-economic development of Nigeria through youth enterprise clusters across the country.

The Nigeria Youth Investment Fund  (NYIF Loan) is targeted at young people ages 18 to 40. It outlines the actions required to support business establishment, expansion, and employment creation. The fund aims to financially empower Nigerian Youths to generate at least one million jobs in 2024.

Link to apply for 2024 Nigeria Youth Investment Fund (NYIF Loan)

Interested Applicants can apply for the 2024 NYIF Loan through https://www.fmyd.gov.ng

(a) For Individual Application: Apply through https://www.fmyd.gov.ng/nyif_application

(b) For group Application: Apply via https://www.fmyd.gov.ng/nyif-2024-clusterapplication

How to apply for the 2024 NYIF Loan

(i) Register: Create an account on the NYIF portal.

(ii) Complete Application Form: Fill out the online application form with accurate personal and business details.

(iii) Upload Documents: Attach the required supporting documents.

(iv) Submit Application: Review your application and submit it online.

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Required Documents

(1) Applicants must upload the following documents:

(2) Copy of National Identification Card (NIN)

(3) Business Registration Certificate

(4) Business Plan/Proposal

(5) Proof of Business Ownership (if applicable)

Application Process

Step 1: Online Registration and Application Step 2: Submission of Required Documents Step 3: Application Review and Verification Step 4: Funding Decision and Disbursement.