NYIF Application Form Registration Portal (2024)

Are you a young Nigerian with a business idea or a start-up looking for financial support? The Nigeria Youth Investment Fund (NYIF) might be the opportunity you’ve been waiting for. With a substantial budget of 110 billion naira for the fiscal year, the NYIF is set to support young entrepreneurs like you.

Here’s a straightforward guide to help you understand and navigate the application process for the NYIF.

What is the NYIF?

The NYIF is a government initiative aimed at providing financial backing to young Nigerians who are eager to start or grow their businesses. It’s part of a broader strategy to create jobs, reduce unemployment, and stimulate economic growth.

Who Can Apply for NYIF Loan?

If you’re between 18 and 40 years old and have a business or a solid business idea, you’re likely eligible for the NYIF. The program targets a wide range of sectors and is designed to accommodate various stages of business development, from start-ups to more established enterprises.

NYIF Application Eligibility Requirements

There are certain criteria that those seeking to apply for the National Youth Investment Fund (NYIF) must meet if they must stand a chance to receive the loan.

1. You must be at least 18 and at most 35 years of age.
2. You must be in possession of a Valid National ID Card.
3. You must have your BVN, i.e, Bank Verification Number.
4. A proper summary of your Business Plan.
5. Your valid and accessible email address and current Phone Number.

How Much Can You Get?

The funding amounts vary depending on the stage of your business:

• Start-Ups and Early to Growth Stage Businesses can receive loans from 3 million to 20 million naira.
• Growth Stage Businesses and others may be eligible for loans from 15 million to 50 million naira.
• For Start-Ups, Early to Growth Stage, and High Growth Businesses, grants and equity funding range from 10 million to 100 million naira.

How to Register For NYIF Loan

All interested traders can apply online. Below are easy steps and by following these you can easily apply.

• The very first step is to visit NYIF Registration Portal at nyif.nmfb.com.ng
• Once website loaded successfully navigate it carefully
• Click on “Apply” link
• Fill the NYIF Application Form (First Name, Middle Name, Last Name, NYIF BVN)
• Click on Next button
• Fill all the required information correctly
• Upload documents
• Submit the application form

NYIF Registration Requirements 

• First Name
• Middle Name
• Surname (Last Name)
• BVN
• Date of Birth
• Email address
• Phone
• Gender
• Residential Address
• Geo-Political Zone
• State of Origin
• LGA
• Educational Level (Primary, Secondary & Tertiary)

What Documents Will You Need?

Be prepared to upload a copy of your National Identification Card (NIN), a business registration certificate if you have one, and a detailed business plan or proposal.

Aim of the NYIF Program

The NYIF isn’t just about the money. It’s an opportunity to be part of a community of young entrepreneurs, to gain access to training and mentorship, and to contribute to Nigeria’s economic development.

The NYIF is a significant step towards empowering Nigerian youth and fostering a culture of entrepreneurship. If you meet the criteria and have a vision for your business, don’t hesitate to apply. This could be the start of something big for you and for Nigeria.