Nigeria Youth Investment Fund (NYIF) Requirements and how to apply

The federal government has launched the Nigeria Youth 

Investment Fund (NYIF), a Nno billion initiative to 

support the country's young entrepreneurs and 

innovators. 

The fund, according to the National Orientation Agency, 

is designed to provide financial assistance to youth-led 

businesses and is expected to enable them to grow, create 

jobs, and contribute to the nation's economic 

development. 

The NYIF is part of the government's efforts to address 

the high rate of unemployment among young people in 

Nigeria, ~vhich has been identified as a major challenge 

facing the populace. The fund has a total of Nico billion 

available for distribution, targeting youths aged i8 to 40. 

To be eligible for the NYIF, applicants must meet the 

following criteria: 

Age: Applicants must be between t8 and 40 years old. 

Citizenship: Only Nigerian citizens are eligible to apply. 

National Identification Number (NIN): Applicants must 

possess a valid NIN. 

Business Plan: A detailed business plan or proposal is 

required to outline the business idea, its viability, and its 

potential for growth. 

To apply for the NYIF, follow these steps: 

The application process for the NYIF is straightforward 

and involves the following steps: 

Register: Applicants must create an account on the NYIF 

portal This initial registration process requires basic 

personal and business information. 

Complete the Application Form: After registration, 

applicants must fill out an online application form. This 

form requires detailed information about the business or 

business idea, including financial projections, market 

analysis, and business strategy. 

Sponsored 

Upload Documents: Applicants must upload the 

necessary supporting documents, including A copy of the 

National Identification Card (NIN), BankVerification 

Number (BVN), Provide information on Schoo] 

attendance, the CAC document, or State level registration 

or Community Development Associations Certification 

etc. 

Executive Summary, General Business Information, 

Product Description, Access to J\market and ATarketing 

Plan, IUanagement Structure, Financial Information, and 

Implementation Schedule should all be included in a 

business plan of no more than 5 pages. 

Provide information about two referees, including their 

name, address, email, ~vorkplace, and portfolio. 

Submit Application: Once the form 

and documents are complete, applicants can review their 

submissions and submit the application online.