How to Access NYIF NMFB NIRSAL Loan (Complete Application Guide)

Filed in Loan by on November 4, 2020 0 Comments

This guide on How to Access NYIF NMFB NIRSAL Loan explains in detail the major objective of the programme, how you can benefit, and requirements to access loans, and all other important information you may need to know. Please, stay tuned.

NYIF (Nigeria Youth Investment Fund) NMFB NIRSAL Loan.

The Federal government in furtherance of its developmental role had on July 22, 2020, approved the establishment of the Nigeria Youth Investment Fund, NYIF, a dedicated fund aim at investing in innovative ideas, skills, talents, and enterprise of the Nigerian Youths and aimed at turning them into entrepreneurs, wealth creators and employers of labour contributing to national development.

How to Access NYIF NMFB NIRSAL Loan?

The Federal government has officially unveiled the registration portal for the N75 Billion Nigeria Youth Investment Fund (NYIF), thereby paving the way for interested young Nigerians between the ages of 18-35 years old to apply. Youth with business ideas that require funding can apply for the fund.

Successful applicants will undergo 5 days of compulsory online training which is free. Fund approval will range from N250, 000 to N5, 000,000 with a spread across group applications, individual applications, working capital loans set at 1 year, and term loans set at 3 years.

Requirements

  • Have a valid Bank Verification Number (BVN)
  • Be a youth within age bracket of 18-35 years
  • Youths with innovative ideas, skills, talents and enterprise
  • You will provide your personal information
  • A valid Means of Identification such as ID

RELATED: How to Get Approved for CBN Non-Interest AADS Loan for Youths

How to Apply for NYIF NMFB NIRSAL Loan?

Visit NYIF portal: https://nyif.nmfb.com.ng to register. Sign up and provide the information required of you. Please take note, the application process is free of charge.

Do you have any queries on NYIF NMFB NIRSAL Loan application? Please feel free to let us know so we can assist you with any information you will need on Nigeria Youth Investment Fund.

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