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Nigeria Youth Investment Fund

How to Apply for Grant, Loan and Equity Investment from Nigeria Youth Investment Fund (NYIF) N110 billion Fund 2024

  • Dayo Adetiloye Business Hub

How to Apply for Grant, Loan and Equity Investment from Nigeria Youth Investment Fund (NYIF) N110 billion Fund 2024

Nigeria Youth Investment Fund
Nigeria Youth Investment Fund

Introduction

In March 2024, the Federal Executive Council approved the take-off of the restructured Nigeria Youth Investment Fund (NYIF) with an initial seed-up capital of N110 billion. The NYIF aims to improve access to finance for youths and youth-owned enterprises, generating employment opportunities to curb youth restiveness. This initiative encourages out-of-school, marginalized, unemployed, and underemployed youths to venture into sustainable, viable, income-generating projects. Additionally, it promotes active participation of youths in Nigeria’s socio-economic development through youth enterprise clusters across the country.

Target Audience

The NYIF targets young people aged 18 to 40, outlining actions required to support business establishment, expansion, and employment creation. The fund aims to financially empower Nigerian youths to generate at least one million jobs in 2024.

Objectives of the NYIF

  1. Reduce Youth Unemployment: By fostering entrepreneurship, the NYIF aims to significantly lower youth unemployment rates.
  2. Provide Access to Affordable Finance: Young entrepreneurs will have access to financial resources needed to start and grow their businesses.
  3. Support Sustainable Growth: Youth-led businesses will receive support to achieve long-term sustainability.
  4. Encourage Innovation: The fund promotes innovation and creativity among the youth.
  5. Create Job Opportunities: By generating employment, the NYIF aims to improve the standard of living in Nigeria.

Highlights of the 2024 NYIF Program

  • Processing, Monitoring, and Evaluation: Conducted by partner financial institutions.
  • Disbursement Strategy: Primarily through youth enterprise clusters.
Nigeria Youth Investment Fund 1
Nigeria Youth Investment Fund 1

Eligibility Criteria

To be eligible for the NYIF, applicants must meet the following criteria:

  • Be a Nigerian citizen aged between 18 and 40 years.
  • Have a business or business idea that aligns with the Fund’s objectives.
  • Possess a National Identification Number (NIN).
  • Demonstrate a willingness to contribute to Nigeria’s economic development.
  • Provide a viable business plan.

How to Apply

  1. Register: Create an account on the NYIF portal.
  2. Complete Application Form: Fill out the online application form with accurate personal and business details.
  3. Upload Documents: Attach the required supporting documents.
  4. Submit Application: Review your application and submit it online.
Nigeria Youth Investment Fund
Nigeria Youth Investment Fund

 

Required Documents

Applicants must upload the following documents:

  • Copy of National Identification Card (NIN)
  • Business Registration Certificate
  • Business Plan/Proposal
  • Proof of Business Ownership (if applicable)

Application Process

  1. Online Registration and Application
  2. Submission of Required Documents
  3. Application Review and Verification
  4. Funding Decision and Disbursement

Apply here https://www.fmyd.gov.ng/youth-empowerment-program

Frequently Asked Questions (FAQs)

Q: What is the maximum amount I can apply for?
A: The maximum funding amount will depend on the business needs and the evaluation of your business plan.

Nigeria Youth Investment Fund
Nigeria Youth Investment Fund

Conclusion

The Nigeria Youth Investment Fund (NYIF) represents a significant step towards empowering Nigerian youth, fostering entrepreneurship, and promoting socio-economic development. By providing access to finance and support, the NYIF aims to create a new generation of young entrepreneurs, driving innovation and growth across the country.

____________________________________________________________________________

We can help you write a winning business plan for Nigeria Youth Investment Fund and delivered to you within 2-3 days. Call or Whatsapp us on 08060779290 or 08105636015 or send a mail to dayohub@gmail.com

We have Over 10 years experience in working with SMES and MSMEs to win grants, loans and raise Equity Investment.

You can download our company profile here https://dayohub.com/dabh-company-profile-copy.pdf

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Dayo Adetiloye Business Hub is a grassroot business development service provider with a 6 year of track record of excellent service delivery for local and international clients.

As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).

Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.

Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.

We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.

Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community

Mission Statement:
– Provide bespoke management and business planning consultancy
– To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
– To inspire, empower and champion entrepreneurship in the global online community.

Business Goals and Objective

– Engender national prosperity by contributing to the creation of at least 100 new businesses every year
– Become a go-to brand for outstanding business development services for MSMEs
– Strategic partnership with local and international organization to empower start-ups
– Continuous innovation to serve our clients better

Core Values:
Integrity
Opportunity Maximization
Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
Timeliness

Share this:

Enter your name and email and Download our FREE eBook, get the weekly newsletter, Update on Grants, Business Opportunities & Premium Services from DayoAdetiloye.com... Joining is FREE!

Dayo Adetiloye Logo

Author

Dayo Adetiloye Logo

Lets connect

Facebook Twitter Youtube

Dayo Adetiloye Business Hub is a grassroot business development service provider with a 6 year of track record of excellent service delivery for local and international clients.

As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).

Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.

Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.

We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.

Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community

Mission Statement:
– Provide bespoke management and business planning consultancy
– To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
– To inspire, empower and champion entrepreneurship in the global online community.

Business Goals and Objective

– Engender national prosperity by contributing to the creation of at least 100 new businesses every year
– Become a go-to brand for outstanding business development services for MSMEs
– Strategic partnership with local and international organization to empower start-ups
– Continuous innovation to serve our clients better

Core Values:
Integrity
Opportunity Maximization
Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
Timeliness

Share this:

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