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.
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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.
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“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.
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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).
When will the federal ministry of Youths and Sports organized training center for the the applicants?
Please, in the form provided for applicant, a bvn was requested… Why bvn.?
I didn’t see any place where BVN was required in the form. Please help me and direct me
I guess to ascertain your real age
I didn’t see any place where BVN was required in the form. Please help me and direct me
I have filled the form but I didn’t see any provision for BVN space. Please help me
Adeyemo Aderonke Maria
I have filled the form any update on the training program time and venue for the appointment
Sir,
This really a great package indeed.
Could you please tell me the conditions and necessary documents for eligibility
Is there any noninterest loan available now that somone can apply for.
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
Imagine a whole said government website showing error a website trainee can’t afford to make.
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.
Please what is eligibility
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!
Sir,
This really a great package indeed.
Could you please tell me the conditions and necessary documents for eligibility
Please where can I get my form?
Please let the federal government asure it, because this will another opportunity for we yonth
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.
Really this regime remained the best in every ramifications, may God help pmb to succeed
I guess you’re benefitting from this clueless and and wicked Government.
Mumu! Receive the funds into your aza first before swearing for pmb and his regime all in the name praying… Aturu!!!
We the youths have suffered a lot ,if the government want to help us let them help and stop playing games with us
Please … How does one apply for it ?
Am unable to apply, is saying my name doesn’t mach with my bvn
Sir I have not gotten the link, I will be very glad if it can be helped
I try to register but bvn was also require for that reason I log why bvn?
Why will bvn be requested. ?? Hope the website is not scam
Me too o
Confirm the name you used in registering your BVN
Pls BVN was required why
Bvn was required. Please why?
Please when exactly is the training commence
Can a cooperative society apply
The link I opened is asking for my BVN. Hope it’s not fraudster.
THE DATE OF THE TRAINING PLEASE
when or how we going to repay the money and why requesting for BVN
Why the Bvn ?
Adeyemo Aderonke Maria
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!
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!
Thank you for this
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!
Pls sir when the training will commence?
Pls how can I join the training group,and how can I contact them
Please is this not scam? This one that bvn is required. What for?
How can are get this loand