Apply for the N110 Billion Nigeria Youth Investment Fund (NYIF): A Step-by-Step Guide

The Nigerian government is inviting youths to apply for the N110 billion Nigeria Youth Investment Fund (NYIF), an initiative designed to empower young entrepreneurs. Here’s everything you need to know to take advantage of this opportunity.

What is the Nigeria Youth Investment Fund (NYIF)?

The NYIF is a funding program aimed at boosting youth-led businesses, promoting job creation, and supporting innovation across Nigeria. Youth aged 16 to 40 are encouraged to apply and benefit from affordable financing that can elevate their business ideas and help them grow sustainably.

Why Apply for the NYIF?

This fund provides much-needed financial support, allowing young entrepreneurs to access affordable loans and gain mentorship. The goals include reducing unemployment and giving young Nigerians the chance to succeed through entrepreneurship.

Eligibility Requirements

To apply, ensure you meet these criteria:
1. Age: 16 to 40 years old
2. Valid identification, such as National Identification Number (NIN) or BVN
3. Active email and phone number
4. Proof of educational qualifications
5. Evidence of business activities or experience (where applicable)
6. Details about your business, including a description, status, and amount required
7. CAC registration (if applicable)
8. A referee or guarantor to vouch for your application

How to Apply for the NYIF

Here’s a simple step-by-step guide to applying:
1. Visit the official NYIF application portal: https://www.fmyd.gov.ng/nyif_application
2. Complete the application form with your personal details and business information.
3. Upload the necessary documents, including proof of identity, business proposal, and any business registration certificates.
4. Review your application to ensure all information is accurate, then submit.
5. Watch for an email confirmation indicating that your application has been successfully received.

Documents Required for NYIF Application

Applicants must upload:
- A valid ID (such as NIN)
- Business registration documents (if available)
- A business plan detailing your proposal and how funds will be used

Core Objectives of the NYIF

1. Offer affordable financing for youth-led ventures
2. Drive creativity and support innovative ideas among young Nigerians
3. Provide a pathway out of unemployment for Nigeria’s youth
4. Promote self-sufficiency and raise the standard of living
5. Aid youth-driven businesses in achieving long-term success

Apply Now

https://www.fmyd.gov.ng/nyif_application