• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Spotlight

FG launches application for N75 billion Youth Investment Fund at 5% interest, how to apply

Chike OlisahbyChike Olisah
3 years ago
in Spotlight
President Buhari to address Nigerians on Lekki toll plaza shootings after investigation , Youth Investment Fund:  Ministry of Finance and CBN to launch provision of funds- Minister, Federal Ministry of Youth and Sports launch DEEL initiative
Share on FacebookShare on TwitterShare on Linkedin

The Federal Ministry of Youth and Sports Development, on Thursday, October 15, 2020, flagged off the application for the N75 billion Nigeria Youth Investment Fund (NYIF) recently approved by the Federal Government.

During the launch of the application, the Minister of Youth and Sports Development, Sunday Dare, said that the NYIF underscored the importance placed on youths by the current administration.

READ: CBN raises alarm over fraudulent loan offers, investment schemes with charged fees

The Minister said that the fund, which is an initiative of the Federal Ministry of Youth and Sports Development and funded by the Central Bank of Nigeria (CBN), would be spread over 3 years to cater to youth-owned businesses and investment needs.

Sunday Dare stated, “I must mention the support we enjoyed from the Central Bank of Nigeria (CBN), which in line with the President’s directive, provided the initial N12.5 billion required for the Fund to operate in the remaining part of the year 2020.

READ: NYSC Orientation camps set to reopen on November 10, 2020

“We are also grateful that the Ministry of Finance, Budget and National Planning has on its part, committed to providing the next tranche of the fund in the 2021 budget.’’

The Minister said that the loan, provided under the NYIF, has an interest rate of 5% per annum and a tenor of 5 years with a moratorium of up to 12 months.

READ: FG launches Presidential Youth Empowerment Scheme

He explained that any youth who wished to apply as an individual or a non-registered business could draw up to N250,000, while youth-owned registered businesses could apply for up to N3 million.

Going further, he said, “Our commitment to seeing the youth succeed is such that the loan is bundled with training that will ensure business sustainability for successful applicants.

“It is my belief that the fund will grow to become a permanent feature of our society, where beneficiaries run successful businesses and repay the loans.”

READ: Youth Investment Fund: Ministry of Finance, CBN to make provision for funds

The Minister said that application is available on the Nigeria Youth Investment Fund Application Portal on NIRSAL Microfinance Bank’s site, www.nmfb.com.ng; and the ministry’s website, www.youthandsport.gov.ng or www.noya.ng.

Applicants are expected to provide their Names, Email address, and Website (if available).

Related

Tags: Business NewsNigeria Youth Investment FundNNPC Nigeria NewsNYIF

Comments 50

  1. Dr ujah Sunday Emmanuel says:
    October 16, 2020 at 10:05 am

    When will the federal ministry of Youths and Sports organized training center for the the applicants?

    Reply
    • Prince says:
      October 18, 2020 at 7:39 pm

      Please, in the form provided for applicant, a bvn was requested… Why bvn.?

      Reply
      • ONAH COLLINS EJIKE says:
        October 19, 2020 at 10:56 am

        I didn’t see any place where BVN was required in the form. Please help me and direct me

        Reply
      • virgo says:
        October 29, 2020 at 11:49 am

        I guess to ascertain your real age

        Reply
    • ONAH COLLINS EJIKE says:
      October 19, 2020 at 10:57 am

      I didn’t see any place where BVN was required in the form. Please help me and direct me

      Reply
      • ONAH COLLINS EJIKE says:
        October 19, 2020 at 11:00 am

        I have filled the form but I didn’t see any provision for BVN space. Please help me

        Reply
    • Adeyemo Aderonke maria says:
      October 29, 2020 at 12:45 pm

      Adeyemo Aderonke Maria

      Reply
      • Augusta Izebhor says:
        November 11, 2020 at 12:01 pm

        I have filled the form any update on the training program time and venue for the appointment

        Reply
  2. OLADELE O. Johnson says:
    October 16, 2020 at 8:01 pm

    Sir,
    This really a great package indeed.
    Could you please tell me the conditions and necessary documents for eligibility

    Reply
    • Jmb says:
      October 31, 2020 at 6:31 am

      Is there any noninterest loan available now that somone can apply for.

      Reply
  3. lateefat olaide Isiaq says:
    October 16, 2020 at 10:20 pm

    I have served since 2019 and no reasonable job since then, I will be glad if you can help me with money to start up my own business

    Reply
  4. Ola says:
    October 17, 2020 at 2:14 am

    Imagine a whole said government website showing error a website trainee can’t afford to make.

    Reply
  5. Bukky wealth says:
    October 17, 2020 at 6:40 am

    Nigeria government have started their lies again, it’s on internet we would be seen it but real real life it’s all about fake news or people in charge of it have embezzled it. why can’t Nigeria empowerment be real for once.

    Reply
  6. Anonymous says:
    October 18, 2020 at 10:29 am

    Please what is eligibility

    Reply
  7. Anonymous says:
    October 18, 2020 at 1:31 pm

    I don’t trust anything from this government! It’ll take years to build any element of trust in any Nigerian government engagement. #Deceitful, #untrustworthy!

    Reply
  8. Abidoye oyeyemi Yusuf says:
    October 18, 2020 at 4:12 pm

    Sir,
    This really a great package indeed.
    Could you please tell me the conditions and necessary documents for eligibility

    Reply
    • Ogar James Bisong says:
      December 3, 2020 at 12:31 pm

      Please where can I get my form?

      Reply
  9. Ajayi olawale says:
    October 18, 2020 at 8:43 pm

    Please let the federal government asure it, because this will another opportunity for we yonth

    Reply
  10. Mstar Mathew says:
    October 19, 2020 at 12:54 am

    Sir please how do I get link for over 3days I have registered through online about the form but no reply yet in my e-mail. I speaks french, An Actor, Comedian and movie producer…sir I need your help,Thank you.

    Reply
  11. Ochoche Daniel says:
    October 19, 2020 at 9:02 am

    Really this regime remained the best in every ramifications, may God help pmb to succeed

    Reply
    • Anonymous says:
      October 20, 2020 at 5:30 am

      I guess you’re benefitting from this clueless and and wicked Government.

      Reply
    • Virus says:
      October 29, 2020 at 5:52 am

      Mumu! Receive the funds into your aza first before swearing for pmb and his regime all in the name praying… Aturu!!!

      Reply
  12. Iorpuu Benjamin says:
    October 19, 2020 at 9:55 pm

    We the youths have suffered a lot ,if the government want to help us let them help and stop playing games with us

    Reply
  13. Olanrewaju Abiodun says:
    October 20, 2020 at 8:32 am

    Please … How does one apply for it ?

    Reply
  14. Effiong utibe edet says:
    October 20, 2020 at 11:56 pm

    Am unable to apply, is saying my name doesn’t mach with my bvn

    Reply
    • Akinlosotu Ayokunnumi says:
      October 25, 2020 at 2:05 pm

      Sir I have not gotten the link, I will be very glad if it can be helped

      Reply
      • aiworo fagustine says:
        October 28, 2020 at 4:42 pm

        I try to register but bvn was also require for that reason I log why bvn?

        Reply
        • Anonymous says:
          October 29, 2020 at 2:39 pm

          Why will bvn be requested. ?? Hope the website is not scam

          Reply
    • Gloria says:
      October 29, 2020 at 1:13 pm

      Me too o

      Reply
    • Unknown says:
      November 21, 2020 at 6:15 pm

      Confirm the name you used in registering your BVN

      Reply
  15. Anonymous says:
    October 23, 2020 at 3:21 am

    Pls BVN was required why

    Reply
    • Ezihe Ruth chioma says:
      October 26, 2020 at 3:53 am

      Bvn was required. Please why?

      Reply
  16. Jamiu jimoh ishola says:
    October 23, 2020 at 11:41 am

    Please when exactly is the training commence

    Reply
  17. Michael says:
    October 26, 2020 at 5:05 pm

    Can a cooperative society apply

    Reply
  18. Daniel Praise says:
    October 27, 2020 at 11:02 am

    The link I opened is asking for my BVN. Hope it’s not fraudster.

    Reply
  19. Anonymous says:
    October 27, 2020 at 1:28 pm

    THE DATE OF THE TRAINING PLEASE

    Reply
  20. Yemi says:
    October 28, 2020 at 3:08 pm

    when or how we going to repay the money and why requesting for BVN

    Reply
  21. Rob taborota Emmanuel says:
    October 29, 2020 at 3:24 am

    Why the Bvn ?

    Reply
    • Adeyemo Aderonke maria says:
      October 29, 2020 at 12:49 pm

      Adeyemo Aderonke Maria

      Reply
  22. Anonymous says:
    October 29, 2020 at 6:04 am

    Hmm… I will rather die a pober than accept any help from this cold blooded set of monsters who clef themselves the government. The devil they say do not give & not take back with blood.
    It is too late to accept any for of help from you now. Has the police brutality on innocent civilians stopped for good? No! Has politicians stopped earning armed robbers’ salary every month? No! And so many other untackled issues facing the country.
    Hmm… My fellow youth, this is but a sweet ploy to erase the idea of the youth taking over the streets of Nigeria in order to end all these atrocious acts coming from these men in power. Well, I don’t think I can be arrested for airing my observation, after all it’s free world and a freedom of speech. So, if you like too, you can as well come to Togo where I am and flog me. Thank you!

    Reply
  23. Virus says:
    October 29, 2020 at 6:05 am

    Hmm… I will rather die a pober than accept any help from this cold blooded set of monsters who clef themselves the government. The devil they say do not give & not take back with blood.
    It is too late to accept any for of help from you now. Has the police brutality on innocent civilians stopped for good? No! Has politicians stopped earning armed robbers’ salary every month? No! And so many other untackled issues facing the country.
    Hmm… My fellow youth, this is but a sweet ploy to erase the idea of the youth taking over the streets of Nigeria in order to end all these atrocious acts coming from these men in power. Well, I don’t think I can be arrested for airing my observation, after all it’s free world and a freedom of speech. So, if you like too, you can as well come to Togo where I am and flog me. Thank you!

    Reply
    • Anonymous says:
      October 29, 2020 at 6:00 pm

      Thank you for this

      Reply
  24. Virus says:
    October 29, 2020 at 6:20 am

    Hmm… I will rather die a pober than accept any help from this cold blooded set of monsters who called themselves the Nigerian government. Like y’al know; “The devil they say do not give & not take back with blood.”
    Well, it is too late to accept any form of help from you now. Wait! Let me asking you guys a pressing question that demands honest but precise answers… Has the police brutality on innocent civilians stopped for good? Has politicians stopped earning armed robbers’ salary every month? Has an average worked observed salary increment? And so many other untackled issues facing the country.
    Hmm… My fellow youths, this is but a sweet ploy to erasing the idea of the Nigerian youths taking over the streets of Nigeria in order to end all these atrocious acts perpetrated from these evil men in power. Well, I don’t think I can be arrested for airing my observations here, after all it’s a free world and also a freedom of speech. So, if you like too, you can as well come to Melbourne, Australia where I am right now and flog me. Thank you!

    Reply
  25. Janet says:
    October 31, 2020 at 6:15 pm

    Pls sir when the training will commence?

    Reply
  26. Blessing says:
    November 1, 2020 at 10:13 pm

    Pls how can I join the training group,and how can I contact them

    Reply
  27. Isaac says:
    November 11, 2020 at 7:24 am

    Please is this not scam? This one that bvn is required. What for?

    Reply
  28. Julius bulus says:
    March 25, 2021 at 5:30 pm

    How can are get this loand

    Reply
  29. Anonymous says:
    June 14, 2021 at 2:25 pm

    Waste of time

    Reply
  30. Aminu magaji says:
    May 23, 2022 at 11:40 am

    Assalamu alaikum ,
    Mudai muna kara rokon gwabnatin baba muhammadu buhari ta kara cigaba da abin kirkin da take mana mu al’ummar ta “yan najeriya ,kuma muna kara rokonta kan alkawarurrukan da ta dauka karta gaza mussaman ga matasa allah ya taimaka ,nigerian youth investment forum NYIF Muna neman agaji ta wannan bangaren a duba halin da al’ummar mu take nagode sako daga aminu magaji jigawa state birnin kudu ,mazauni kasar maiduguri borno state.

    Reply
  31. Aminu magaji says:
    May 23, 2022 at 11:45 am

    Bugu da kari mu ‘yan arewa bamu sami wannan tallafin NYIF ba muna rokon dan allah a taimaka mana sako daga aminu magaji birnin kudu jigawa state ,mazaunin maiduguri borno state

    Reply

Leave a Reply Cancel reply

hfm
UBA
Mega Millions
Mega Millions
fidelity banner
HFM







NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • ROUNDUP: GSK Nigeria laments negative effects of forex scarcity on drug production
  • Foreign airlines’ trapped funds in Nigeria soar to $812.2 million, amid calls for action
  • Workplace best practices to fastrack your career growth

Follow us on social media:

Recent News

GSK Nigeria laments negative effects of forex scarcity on drug production

ROUNDUP: GSK Nigeria laments negative effects of forex scarcity on drug production

June 4, 2023
Foreign airlines' trapped funds in Nigeria soars to $812.2 million

Foreign airlines’ trapped funds in Nigeria soar to $812.2 million, amid calls for action

June 4, 2023
  • Download Nairametrics iOS App
  • Download Nairametrics Android App
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • Login
  • Sign Up

© 2023 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In