The NYIF has a budget of N75 billion over three years and is expected to create over 500,000 jobs for Nigerian youths. The fund is managed by the Ministry of Youth and Sports Development and is open to all Nigerian youths between the ages of 18 and 35.
To access the NYIF, eligible applicants are required to follow the steps outlined below:
Step 1: Create a profile on the NYIF Portal
To apply for the NYIF, you need to create a profile on the NYIF Portal. The NYIF Portal is the official website for the program, and it is where you will submit your application. To create a profile, visit the NYIF Portal website and click on the “Apply Here” button. Follow the instructions on the screen to provide your personal information, contact details, and educational qualifications.
After creating a profile on the NYIF Portal, you need to complete the application form. The application form will require you to provide information about your business idea, including a comprehensive business plan. You will also be asked to provide details about your educational qualifications and work experience.
Step 3: Submit your application
After completing the application form, review the information you have provided to ensure that everything is correct. If you are satisfied with the information you have provided, click on the “Submit” button to submit your application. You will receive a confirmation email that your application has been received.
Step 4: Wait for feedback
After submitting your application, you will need to wait for feedback from the NYIF. If your application is successful, you will receive an email informing you that you have been selected for the program. The email will also contain information about what to do next.
If your application is unsuccessful, you will also receive an email informing you of the outcome. If you are unsuccessful, you can reapply when the program opens for new applications.
In conclusion, the Nigerian Youth Investment Fund is an excellent opportunity for young Nigerian entrepreneurs to access financial support to start their businesses. The fund is open to all Nigerian youths between the ages of 18 and 35, and the application process is simple and straightforward. If you have an innovative business idea and are willing to put in the effort to make it a success, the NYIF can provide the financial support you need to achieve your goals.