09/04/2021
Update on the Nigerian Youth Investment Fund (NYIF)
On 22 July 2020 President Buhari approved the sum of N75,000,000,000.00 (Seventy-five Billion Naira) for the establishment of the Nigeria Youth Investment Fund (NYIF) for the period of 2020-2023.
The will target Youth within the age group 18-35 years with innovative ideas to start new businesses or grow existing business enterprises.
The offers a special window through which young Nigerians can access capital support for their businesses in addition to training and mentorship.
The is dedicated to investing in the innovative ideas, skills and talents of Nigerian Youth.
The aims to financially empower existing and potential Nigerian Youth entrepreneurs to generate at least 500,000 jobs between 2020 and 2023.
Applicants that have unpaid government intervention loans such as COVID-19 and AGSMEIS loans will be disqualified from the NYIF Loan application.
Applications for the closedFebruary 28 for New/fresh registration and does not affect already registered applicants and those awaiting verification mails.
Entrepreneurship training for shortlisted applicants for the commenced on Monday 22 March 2021. Applicants that qualify will be informed in batches.
Please note that all applicants are encouraged to check their email account regularly. Applicants that have recieved emails for training should keep checking their emails for the new date.
After successful training, qualified applicants will receive loan approval notifications and will be credited subsequently.
Please DO NOT share your personal details and BVN on social media.
---
Kindly join Villa Updates group for details, tips and answers to your questions on this and other FG programmes, policies, jobs, grants and loans, on Telegram at https://t.me/villaupdates or WhatsApp at https://villaUpdates.ng
Thanks for reading and kindly remember to SHARE with your contacts.
Join one of our 800 WhatsApp groups (min of 1 per LGA), other social media channels and stay up to date with authentic govt news, programs, events, job openings and other empowerment opportunities. Join now at www.VillaUpdates.ng