NYIF Loan Application Portal 2023 Reopens for New Applicants – How to Apply for NYIF Loan Empowerment Programme 2023.

NYIF Loan Application Portal 2023 Reopens for New Applicants – How to Apply for NYIF Loan Empowerment Programme 2023.

 

Have you been looking for a way to apply for the Nigeria Youth Investment Fund Loan? If yes then we have good news for you! The NYIF Loan Application Portal will reopen again in 2023.

 

The NYIF Loan Portal 2022 is currently NOT open for online applications. You can register and apply for a NYIF loan 2023 through the official Nigerian Youth Investment Fund portal and get a NYIF loan approval immediately. 

Here is everything you need to know about this program and how to apply it successfully without interruption. Learn how to access the NYIF application form below.

About NYIF Loan

In 2022, the Nigerian Youth Investment Fund (NYIF) loan portal is again available to all Nigerian youth. All you need to do is submit an application for your active email and associated credentials.

You can Access up to N3 Million Credit Facility Dedicated to investing in the innovative ideas, skills & talents of Nigerian youths aimed at turning them into entrepreneurs, wealth creators and employers of labour.

Nigeria Youth Investment Fund (NYIF) Loan 2023 Application Portal will be open again, interested and qualified applicants can now apply for Nigeria Youth Investment Fund Loan as the portal is live again, please don’t miss this golden opportunity.

NYIF Loan 2023 Link Portal allows you to access up to N3 Million Credit Facility Dedicated to investing in the innovative ideas, skills & talents of Nigerian youths aimed at turning them into entrepreneurs, wealth creators and employers of labour.

In this post you will get to know more about Nigeria Youth Investment Fund (NYIF) Loan Application Form, to know if you are eligible to apply and how to apply/register online. Get started below:

Who Is Eligible for NYIF Loan?

1) Individuals/Non-registered Businesses

a. Individual within the age bracket of 18 to 35 years

b. Has a valid BVN and means of ID

c. Provision of Business plan Summary or Completed Questionnaire

d. Entrepreneurship Training Certification from FMYSD Entrepreneurship Development Institutes (EDIs)

2) Registered Businesses

a. Formal business enterprises (Youth owned enterprises), duly registered with the Corporate Affairs Commission (CAC)

b. Business plan Summary or Completed Questionnaire

c. Valid Bank Verification Number (BVNs) of Directors

d. Provision of Tax Identification Number (TIN)

e. Entrepreneurship Training Certification from FMYSD EDIs

How NYIF Loan Application Works

Step 1: Get Trained

Applicants to attend a compulsory entrepreneurship training with an approved Federal Ministry of Youth & Sports Development (FMYSD) EDIs

Step 2: Apply for Loan

Successfully trained prospective applicants proceed to NIRSAL Microfinance Bank (NMFB) portal to apply for the loan.

Step 3: Submit an Application

Eligible applicants submit applications successfully on NMFB’s portal.

Step 4: Approval

NMFB conducts loan assessment in line with Risk Assessment Criteria and programme guideline, make appropriate decision and forward recommended applications to CBN for final approval.

Step 5: Disbursement

CBN reviews applications and gives final approval for disbursement to NMFB

How to Apply for NYIF Loan 2023

Register with the Nigerian Youth Investment Fund here.

Individuals/Non-registered Businesses and Registered Businesses should check the loan application portal when it goes live in 2023.