Nation Youth Empowerment Fund is an opportunity for you to make your dream come to reality. Are you looking for financial assistance to start up your business or bring your innovative idea into reality?
The National Youth Empowerment Fund official portal has been opened for interested applicants who have a goal either vocational skill acquisition, investment or so on to apply and obtain the loan.
This is made available by the Federal Government to assist this set of people to minimize the increase of the low standard of living in the country.
However, if you know you have developed something but you do not have enough capital to unleash the potential of the innovative idea but need financial assistance to improve your project which will have a significant effect positively in the lives of many in society, here’s a chance for you.
We want you to make a move and apply for the National Youth Empowerment Fund to help you successfully achieve your goal. Hopefully, we have made available guidelines or steps through which you can apply for the Youth Investment Funds as well as the qualifications.
Also, we want you to understand that this web page contains all the necessary information you need to know about Youth Investment Fund, also, we will provide you with a direct link or URL that will take you to the official portal of Youth Investment Fund.
All you have to do is carefully go through this article, take and read this write-up, and then follow the application prompt provided to apply for the National Youth Investment Funds.
Youth Empowerment Fund Overview
The National Youth Empowerment Fund is a program initiated by the federal government to assist its citizens financially with some cash to start up or increase their businesses or innovative ideas.
So, if you a youth below 40 years you are still eligible to apply for the Youth Empowerment Fund once you have a tangible reason for the application as well as what you are using the money for.
However, the application of everyone, if you are interested in the application, you can apply using our application, very easy to use and simple.
Also, the program was designed by the government as part of their goal to eradicate or limit the increase in poverty or low standard of living in the country.
Meanwhile, it is made known to many that this is not a grant but a loan that will be paid back after some period of time. So we want you to bear this in mind as this is what the Federal Youth Empowerment Fund Is all about.
We try to make this clear to your so that you will understand fully well that you will pay back after you might accrue interest with the money from your business after some time.
Because of this, we advise all to ensure they use this Youth Empowerment Fund if they are able to qualify and obtain the loan in a reasonable and interest-yielding program or so.
This Youth Empowerment Fund program will also spur opportunities with the purpose of enhancing productivity across the economic sector in the country.
Furthermore, the Youth Empowerment Fund also known as National Youth Empowerment Fund is a program designed specifically for youths across the country who have existing businesses and also for those with tangible business or innovative ideas.
Youth Empowerment Fund Application Form
Youth Empowerment Fund Application Form is an application form available and is to be filled those who are interested to apply for the Youth Empowerment Fund when it is out.
Therefore, this Youth Empowerment Fund application form is available electronically online and can be found and filled on the National Youth Empowerment Fund application portal @ https://nyif.nmfb.com.ng/.
If you wish that your application be attended to as quickly as you may want it to be, do well to fill the form correctly with accurate and valid information, and most importantly, ensure you meet the requirements and qualifications.
How much you Each applicant Can Obtain From NYIF
After a successful application and you happen to be among those that win and are selected to the last segment of the program, you will be able to obtain a minimum of NGN250,000 to NGN5,000,000.
That can be big enough to start up a business, so do well to qualify for the program and bring your dream into reality.
National Youth Empowerment Fund Provider
The National Youth Empowerment Fund Loan is provided by the government with the help of NIRSAL Microfinance Bank.
However, this loan is basically k own as NIRSAL Microfinance Bank Loan. Basically, NIRSAL Microfinance Bank is a channel through which the Youth Empowerment Fund loan is distributed but the loan is actually sponsored by the Central Bank of Nigeria (CBN) via the Ministry of Youth and Sports Development.
Hopefully, the National Youth Empowerment Fund is currently ongoing and it is divided into different sections or batches and it’s to last for some months.
National Youth Empowerment Fund Common Issues
Most people do misunderstand the National Youth Empowerment Fund loan to grants. We want to make it clear that this is not true.
The National Youth Empowerment Fund is a loan that after you are lucky to obtain, you are expected to repay it with low interest in the meantime.
Therefore, enough time will be given to use in order to ensure that you have made profits with the money and after which it will be demanded back from with very low interest.
For more info about the National Youth Investment, visit the official portal @ https://nyif.nmfb.com.ng/.
National Youth Empowerment Fund Eligibility
- This loan is specifically for business thus applicant must have an existing business.
- This loan is for youth who are of age 18 to 35 years.
- Your business must have a TIN
- This said business should be registered, and recognized by law.
- Another eligibility criterion is that applicants should have an Approved FMYSD EDIs Training Certificate
Facts about Youth Empowerment Funds
- No collateral
- Access to funds for business expansion
- Access to other loan products
- Flexible repayment structure
- Training in basic financial management, business planning, and customer relations
- Low-interest rate
- Expert financial advice is available
- The loan begins to read from the date of disbursement of the amount.
- A charge of ₦475 is required to verify your BVN and Credit Score. Application without this payment will not be processed
How to Apply for the National Youth Empowerment Loan program
You can use the application procedures to apply for the loan via the URLs below and follow the prompt that follows.
- Enter this URL on your browser so as to login to your profile account
- Go to the portal above and Fill in your details in the application form online. Remember it’s free of charge.
- Ensure you have a Photocopy of your National Identity or any other means of identification.
- NIN is also needed.
- During the screening stages, all original copies of documents must be tendered to aid verification.
Ensure all the details you submitted are valid and accurate. Don’t fail to add your contact details as well.
Meanwhile, if you find this information satisfying or you have any questions for us regarding this article National Youth Empowerment Fund, or related questions, please use the comment section below or you can subscribe to our newsletters for more recruitment updates.