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You are at:Home General News Business NYIF Registration Form 2021 – How To Apply via www.nyif.nmfb.com.ng
Business

NYIF Registration Form 2021 – How To Apply via www.nyif.nmfb.com.ng

By James KaseFebruary 17, 202123 Comments5 Mins Read
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NYIF Registration Form 2021 – How To Apply via www.nyif.nmfb.com.ng: Nigerian Youth Investment Fund (NYIF) is a government initiative created to support youths in business financially. The Nigerian youth investment fund application portal is now open for the Nigerian Youth to submit their applications. The Nigeria youth investment fund (nyif) application portal opened and it’s for Nigerian Youths from the age of 18- 35 years that met the requirements.


NYIF Application Form Portal 2021: The Nigeria Youth Investment Fund (NYIF) Application Registration form is now open for applications. Nigerian Youths can now register for NYIF application form online.

READ ALSO: Access Bank Announces N50billion Interest-free Facility for Businesses

Contents

  • 1 NYIF Registration Form 2021 – How To Apply via www.nyif.nmfb.com.ng.
  • 2 Aim and Benefits of Nigeria Youth Investment Fund
  • 3 Requirements for Nigeria Youth Investment Fund NYIF Registration Form.
    • 3.1 FORMAL BUSINESS ENTERPRISES- Youth Owned Enterprises
    • 3.2 INFORMAL BUSINESS ENTERPRISES (INDIVIDUAL & SOLE PRORIETORS)
    • 3.3 INEGIBILITY
  • 4 Documents Required for NYIF Application Form Registration.
  • 5 How to Apply for Nigerian Youth Investment Fund (NYIF).
  • 6 NYIF Application Process – Step By Step Guide
    • 6.1 Step 1: Visit NYIF Application Portal for the Application Form
    • 6.2 Step 2: Enter Your Personal Information
    • 6.3 Step 3 – Chose Preferred Training Center
    • 6.4 Step 4: Select How You Heard About NYIF
    • 6.5 Step 5: Accept NYIF Terms of Service
    • 6.6 Step 6: Submit Your Application

NYIF Registration Form 2021 – How To Apply via www.nyif.nmfb.com.ng.

The registration portal is now open via https://nyif.nmfb.com.ng/Applicants/New

Follow this guide for How do you apply for a NYIF 2021 application portal on nyif.nmfb.com.ng portal?

Aim and Benefits of Nigeria Youth Investment Fund

NYIF fund aims to reach 500,000 youth annually between 2020 and 2023. Each fund approval will range from N250, 000 to N50, 000,000, with a spread across group applications, individual applications, working capital loans set at 1 year and term loans set at 3 years with single digit interest rate of 5%.

  • GLOBAL LIMIT : N12.5 billion
    FACILITY TYPE : Term Loan
    SINGLE OBLIGOR LIMIT: Individual / Non registered Business: Up to #250.000.00 | Registered Businesses( Business Name, Limited liability/ Corporative Societies / Commodities Associations): Up to N3,000.000.00.
  • LOAN TENOR : Maximum of 5 years
  • MORATORIUM : Maximum of 12 months
  • Repayment Structure : Repayment will be on installment basis inline with businesses and NMFB evaluation.

Recommended posts:

  • Nigeria Youth Investment Fund (NYIF) Application Portal nyif.nmfb.com.ng
  • Nigeria LNG Limited (NLNG) Post Primary Scholarship Scheme 2020/2021
  • Entry for US Diversity Visa Program 2022 – DV Lottery 2022
  • CBN Social Housing Loan Registration Portal www.fhfl.com.ng
  • How to Access CBN Non-Interest Accelerated Agricultural Development Scheme (AADS Loan)
  • How to Access CBN Non-Interest Accelerated Agricultural Development Scheme (AADS Loan)
  • NIRSAL CBN Covid-19 Loan Portal – https://nmfb.com.ng/covid-19-support

Requirements for Nigeria Youth Investment Fund NYIF Registration Form.

FORMAL BUSINESS ENTERPRISES- Youth Owned Enterprises

  • Duly registered formal business enterprises (Youth owned enterprises) with Corporate Affairs Commission (CAC)
  • Provision of Business plan Summary / Or Completed Questionnaire
  • Evidence of Training Certificate from approved FMYSD EDIs
  • Valid Bank Verification Number (BVNs) of Director
  • Provision of Tax Identification Number (TIN)

INFORMAL BUSINESS ENTERPRISES (INDIVIDUAL & SOLE PRORIETORS)

  • Must be a Nigerian youth within the age bracket of 18 to 35yrs
  • Have an operational business /enterprise domiciled In Nigeria (Those with unregistered business can also apply) 
  • Has not been convicted of any financial clime in the last 10 years
  • Valid Bank Verification Number (BVN)
  • Evidence of Local Government Indigene Certificate

INEGIBILITY

1. Beneficiaries of NMFB loans (such as Targeted Credit Facility TCF) and Agribusiness/Small and Medium Enterprises Investment Scheme (AGSMEIS) that remain unpaid are not eligible to apply.

2. Beneficiaries of other Government loan schemes that remain unpaid are not eligible to apply.

Documents Required for NYIF Application Form Registration.

  • Training Certificate from approved FMYSD EDIs
  • Evidence of registration with Corporate Affairs Commission (Certificate of Incorporation and Form CAC 2A
  • Valid Bank Verification Number (BVN) for Individuals and Directors
  • Evidence of Local Government Indigene certificate
  • Duly completed Application form
  • A copy of Birth Certificate
  • Valid Tax Identification Number (TIN)
  • A Summary Business plan / Questionnaire
  • Valid means of Identification (Voter’s Card. Drivers License. National ID/NIN Slip 3. International passport)
  • Automated two years bank statement analysis.

How to Apply for Nigerian Youth Investment Fund (NYIF).

Interested and qualified? Go to Federal Ministry of Youth and Sports Development (FMYSD) on https://nyif.nmfb.com.ng/Applicants/New to apply

  • CBN Social Housing Loan Registration Portal www.fhfl.com.ng
  • How to Access CBN Non-Interest Accelerated Agricultural Development Scheme (AADS Loan)
  • How to Access CBN Non-Interest Accelerated Agricultural Development Scheme (AADS Loan)
  • NIRSAL CBN Covid-19 Loan Portal – https://nmfb.com.ng/covid-19-support
  • CBN Loan for Creative Industry Financing Initiative (Creative Industry Loan)
  • How to Access CBN AGSMEIS Loan For SMEs & Agricultural Businesses

NYIF Application Process – Step By Step Guide

Here is a step by step guide on how you can successfully apply for the ongoing Nigeria Youth Investment Fund (NYIF)


Step 1: Visit NYIF Application Portal for the Application Form

Click on the link above to open the NYIF application portal. Once the NYIF portal loads, you will see the application form.

Step 2: Enter Your Personal Information

Enter the following personal information

  • First Name
  • Middle Name
  • Last Name (Surname)
  • BVN

When you are done filling the above, click the “Next” button

Step 3 – Chose Preferred Training Center

Click on the select box to chose the training center of your choice. The following training center options are available;

  • National Youth Development Center (North-Central)
  • National Youth Development Center (North-West)
  • National Youth Development Center (North-East)
  • National Youth Development Center (South-East)
  • National Youth Development Center (South-South)
  • National Youth Development Center (South-West)
  • Federal Ministry of Youth Sports and Development

Step 4: Select How You Heard About NYIF

The 4th step is a select box asking you how you knew about NYIF. The following options are available

  • CBN
  • NMFB Staff
  • Facebook
  • Linkedin
  • SMS
  • Google Ads
  • Facebook

Step 5: Accept NYIF Terms of Service

The 5th step is a check button requesting you to confirm that the information you provided is true and correct. Click on the button to accept

Step 6: Submit Your Application

Click on the submit button to finally finish your application.

Note

  • No training fees required
  • Online Training only
  • Training duration is 5days

The Nigeria Youth Investment Fund registration portal is https://nyif.nmfb.com.ng/Applicants/New.

The youth investment fund application form is found on the page when you open the link above. The youth investment fund portal has no closing date yet.

For latest news on NYIF Application Portal www.nyif.nmfb.com.ng Registration, simply talk to us in the comment section below so we can assist you.

Previous ArticleNDLEA Shortlisted Candidates 2021 Names and Checking Portal
Next Article NYIF Loan Application Portal 2021 – https://nyif.nmfb.com.ng

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View 23 Comments

23 Comments

  1. Maureen on March 25, 2021 10:41 pm

    Please how do I fill the column that states “minimum of 10 characters” in the loan purpose?

    Reply
  2. Ashiru Adamu on March 23, 2021 11:26 pm

    Please is there way a i can change my email ?

    Reply
  3. Victoria on March 1, 2021 11:15 am

    How do I fill the column that says loan purpose minimum of 10 characters

    Reply
  4. Joseph Timothy on November 3, 2020 7:30 pm

    I have been trying to register, but it did not open for me I need help

    Reply
  5. Joseph Timothy on November 3, 2020 7:26 pm

    Please, I want to register

    Reply
  6. Joseph Timothy on November 3, 2020 7:25 pm

    Please, I want to register and I want to be part of it.

    Reply
  7. Dalili lucky on November 2, 2020 9:26 pm

    I need help sir

    Reply
    • James Kase on November 2, 2020 9:30 pm

      H, What can I help you with sir?

      Reply
  8. Ebenezer on November 2, 2020 1:45 pm

    Sir hw can i edit my email,there was a mistake in my email adress

    Reply
    • James Kase on November 2, 2020 3:36 pm

      I’m sorry, but you cannot edit your registered email after registration. Thank you.

      Reply
  9. Ola on October 30, 2020 5:47 am

    I tried to make my registration the first time.. I did the first step by visiting the registration site of NYIF .. the second step was filling in my information names and bvn. after I click on next.. the browser keep saying — – – Checking your browser before accessing https://nyif.nmfb.com.ng/Applicants/New.
    This process is automatic. Your browser will redirect to your requested content shortly.

    Please allow up to 5 seconds… – – – – and this has been going on for several days. what exactly is happening .

    Thanks so much, I want help with the Government program,..at least even if this is gonna be ONE TIME.

    Regards.
    Ola

    Reply
    • James Kase on October 30, 2020 5:56 am

      Your internet connection isn’t strong enough to access the website. Kindly restart your connection or visit a cyber cafe to assist you with the registration.

      Reply
  10. Temidayo Paul Adepoyi on October 29, 2020 11:26 pm

    Please sir, when I completed first step to fill application form, my first nam, last name email and BVN, to go to the next level the system said I am not eligible. Though I am more than 35 a bit, but I think formal business is not limited to 35years old. Please sir kindly assist me, let my business rise from crawling please. Thank you

    Reply
    • James Kase on October 30, 2020 5:26 am

      This initial verification is done automatically. So I guess since you’re above 30, you’re ineligible.

      Reply
    • James Kase on October 30, 2020 5:29 am

      But kindly retry it after some days

      Reply
  11. Ifeayime on October 29, 2020 7:43 pm

    When will the training begin?
    Will we receive a message via email to inform us about it?

    Reply
  12. Opara Christian Ugochukwu on October 29, 2020 11:48 am

    Bvn error! Why being rejected of my Bvn number. When I’ve confirmed it’s mine

    Reply
    • James Kase on October 29, 2020 11:54 am

      It might be incorrect or the information submitted may be false.

      Reply
  13. Obi collins on October 29, 2020 9:31 am

    Have been trying to register, but haven’t been able, need help please, how can I apply

    Reply
    • James Kase on October 29, 2020 10:15 am

      How can I be of assistance sir? Where exactly can I help you at?

      Reply
  14. Azubuike Ernest Agugua on October 28, 2020 7:17 pm

    Which office in OWERRI should I go for assistance to print out and fill the form. I really need help. Thx

    Reply
  15. Wisdom on October 28, 2020 8:23 am

    How can I edith my profile on NYIF
    There is an error in email input

    Reply
    • Iloba Ifeoma on April 24, 2021 9:25 am

      please how can I edit my profile. there is a mistake in my registration

      Reply

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