000The Nigeria Youth Investment Fund (NYIF) is a groundbreaking government initiative launched by the Federal Ministry of Youth and Sports Development to unlock the potential of Nigerian youth. By providing financial support, the NYIF enables young entrepreneurs to turn their business ideas into reality, addressing the long-standing challenge of accessing capital.
JOIN US FOR MORE ON:
or
or Follow us on WhatsApp Channel
The fund offers a range of financial instruments, including loans, grants, and equity, to eligible applicants, driving economic growth, job creation, and youth empowerment across various sectors.
Initially established in 2020 with a seed capital of ₦12.5 billion, the NYIF aims to create at least 500,000 jobs by 2023. The fund is part of the Nigerian Youth Employment Action Plan, a comprehensive strategy to tackle youth unemployment and fragmentation of initiatives.
The NYIF’s primary objectives are to:
- Streamline youth initiatives for greater impact
- Provide investment inputs for young entrepreneurs to build sustainable businesses
By achieving these goals, the NYIF is poised to transform Nigeria’s economic landscape, empowering youth to become drivers of growth and development.
NYIF is to serve as a sort of Youth Bank that will fund and support the innovative ideas, skills, talents and enterprise of the Nigerian Youth; a loan and credit pathway dedicated to assessing credit and soft loans.
Eligibility
You are eligible to apply if you are;
- Nigerian Youth within the age of 18 and 35 years
- Youths with Innovative ideas, skills, talents and enterprise
Before you apply below, please read these:
- 10 Key Points About The Nigeria Youth Investment Fund (NYIF)
- Each beneficiary of NYIF will receive between N250,000 to N5million
- CBN Unveils Framework for N12.5bn Youth Investment Fund
Read all existing information about the Nigerian Youth Investment Fund.