Federal Government Youth Investment Fund 2020/2021

Filed in Uncategorized by on October 27, 2020 0 Comments

Federal Government Youth Investment Fund for Business- Youth Investment Fund is established by the Federal Executive Council of Nigeria to empower youths in all the 36 states of the federation. The Federal Executive Council currently approved and released the sum of N75 billion for an immediate development of the youths enterprise between the age range of 18 to 35.

What Youth Investment Fund 2020 is all About

President Muhammadu Buhari in his administration has being so much up and doing to eradicate poverty among Nigerian youth, by introducing Npower programme, and currently now  Nigerian Youth Investment Fund programme for youth business development. 

This was officially announced by the Minister of Youth and Sports Development ( Sunday Dare ) while briefing State House correspondents at the end of the Council meeting, presided over by President Muhammadu Buhari. 

Who is Qualify for Youth Development Fund 2020 ?

The Minister of Youth and Sports Development ( Sunday Dare ) made it officially known to all Nigerians that the fund released is specifically for the youths between the age bracket of 18 and 35. The Minister of Youth and Sports Development ( Sunday Dare ) further said the fund will be well distributed to qualified youths through Micro-credit banks in the country.  
Please Note; The fund will only be released to youths that are able to fill in their information correctly as stated in the form- AVOID MISTAKE while filling the form. Below is the snap shot of the form and the information required.

Youth Investment Fund Rating

Youth Investment Fund is to be issued out to two categories of youths
1.  Youth owned non-registered business
2. Youth owned registered business
Youth owned non-registered business can only apply and access up to N250,000, while Youth owned non registered business can only apply and access up to N3, 000,000 as loan. The loans will run for a maximum of 5 years and attract a 5% interest per annum.

Youth Investment Fund Rating Eligibility

  • Youth applying for the fund must possess a valid Bank Verification Number (BVN).
  • Youth applying for the fund must be between the age range of 18 and 35
  • Youth applying for the fund must have a business plan or existing business
  • Youth applying for the fund must not be convicted of any financial crime in the last 10 years
  • Youth applying for the fund must possess local government of origin certificate.
  • Youth applying for the fund under youth-owned enterprises, they must be duly registered with the Corporate Affairs Commission and provide a business plan. They must have a Tax Identification Number (TIN) and a training certificate from approved FMYSD Entrepreneurship Development Institutes (EDIs).

 

How to Apply Youth Investment Fund

1. Stage 1;

Start the application process by logging in to nyif.nmfb.com.ng on your mobile phone or computer. Click “Apply Here” to access the form.

Screenshot of Nigeria Youth Investment Fund Portal

2. Stage 2;

Enter Correctly your first name, middle name and last name (your surname). Fill in your 11-digit BVN correctly in the column required. Click “Next” to for another page.

Screenshot of Nigeria Youth Investment Fund Portal

3.  Stage 3;

Here in this stage your date of birth, phone number, residential address, residential state, email address, select your gender, and residential state local government area is what required.

Fill in your residential address, state and local government area. These are the house address, state and local government area where you live. Check again to ensure there are no errors. Click “Next” to continue.

Screenshot of Nigeria Youth Investment Fund Portal

4. Stage 4;

Here in this stage you are required to enter your geo-political zone, example– North West, North East, North Central, South West, South East or South South. Select your state of origin and local government area of origin.

Carefully choose your highest educational level then click “Next” to proceed to final stage.

Screenshot of Nigeria Youth Investment Fund Portal

5. Stage 5;

Here is the last stage of your application. Simply click on a preferred training centre and how you heard about the NYIF Youth Investment Fund programme.

Screenshot of Nigeria Youth Investment Fund Portal

The 5-day training is free, beware of scammers. The training will be held online. After feeding in your data correctly, go to the declaration box and click “Submit” to finish.

Screenshot of Nigeria Youth Investment Fund Portal

WISH YOU BEST OF LUCK …

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