NYIF Loan Registration has started. It is important you go through this article and begin the application process on the nyif.nmfb.com.ng NYIF loan application portal.
This post contains a detailed guideline on how to apply for the newly approved ₦75 billion Nigerian Youth Investment Fund, NYIF loan of the federal government.
Requirements for NYIF loan
Below are requirements to access the Nigerian Youth Investment Fund;
- Prospective beneficiaries must be a Nigerian citizen by birth.
- Must be between the age of 18 and 35 years.
- Passport photographs
- Active phone number and e-mail address
- Bank Verification Number (BVN) and bank account
- A fund-able business idea or registered business.
- Must have government issued ID card.
- Must provide at least two guarantors.
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How to apply for Nigerians Youth Investment Fund (NYIF) Loan 2020
Interested and qualified Nigerian youths, who have genuine business ideas, should visit any of the 125 micro-credit banks across Nigeria to access the loan.
You can also apply online via https://nyif.nmfb.com.ng
The loan will be disbursed via various channels like; Micro Credit Bank across the country under the Central Bank of Nigeria supported by BOI, Fintech Organizations and Venture Capital Organizations registered with the CBN.
NYIF Loan Application Link
The approved link for NYIF loan application is https://nyif.nmfb.com.ng/Applicants/New
NYIF Approved Website
We are aware that some persons are not sure of the NYIF website. Please note that the correct website is https://nyif.nmfb.com.ng
This loan is specifically for Nigerian youths between the age of 18 and 35 years who have a fund-able business idea. It is expected that this loan will help reduce the increasing rate of unemployment, which has been worsened by the COVID-19 pandemic.
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We hope this article helped you successfully apply for NYIF N75Billion Loan.
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