How to Apply For Nigeria Youth Investment Fund 2024 (NYIF)

The government of Nigeria is rolling out the huge sum of N110 billion for its Nigeria Youth Investment Fund scheme. The sum according to the government, is to aid in providing financial assistance to youth-led businesses, and helping them in growing jobs, as well as contributing to the country’s economic development.

It is a scheme design to help in reducing the high level of unemployment rate among Nigerian youth. This is to help in promoting entrepreneurship and innovation to boost the country’s economy. Nigeria Youth Investment Fund (NYIF) is here, and this is how you can apply.

How To Be Eligibility?

To be eligibility, here is what you must know;

Applicant must be a Nigerian citizen.
He or she must be between 18 and 40 years old.
He or she must have a valid National Identification Number (NIN).
And also must submit a detailed business proposal that includes the business idea, market potential, financial projections, and growth strategy.

How To Apply?

Start be creating an account on the NYIF Portal which requires you to provide your basic personal and business information such as your name, date of birth, contact details, and business details.
Fill out an online form detailing your Business name and description, Industry sector, Target market and competition, Business strategy and goals, Financial details such as expected costs, revenues, and profit margins.
Upload the required documents which include a scanned copy of the National Identification Card (NIN), Bank Verification Number (BVN), Proof of educational and professional qualifications, Corporate Affairs Commission (CAC) registration certificate (if applicable) or Community Development Association Certification for unregistered businesses, A concise business plan (no more than 5 pages) including: Executive Summary, General Business Information, Product/Service Description, Market Analysis and Marketing Plan, Organizational Structure and Management Team, Financial Information and Projections and Implementation Schedule.
Next is to two referees and then review and submit your applications.