ALERT: You can now register for FG’s N75bn youth investment fund
The federal government says it has opened the portal for Nigerians to apply for its N75 billion youth investment fund.
The initiative of the ministry of youths and sports is being funded by the Central Bank of Nigeria (CBN).
On July 22, Sunday Dare, minister of youth and sports development, announced that the federal executive council approved the establishment of NYIF to the tune of N75 billion.
The NYIF is dedicated to investing in the innovative ideas, skills, talents and enterprise of the Nigerian youth with the aim of turning them into entrepreneurs.
Dare had explained that the funding targets 500,000 youth annually.
He said a minimum of N25 billion will be disbursed each year over the next three years, totalling N75 billion.
Dare said for the remaining part of 2020, an initial sum of N12.5 billion will be needed to commence the NYIF.
He added that the initiative, which is part of President Muhammadu Buhari’s plan to address unemployment in the country, will be sustained by successive governments.
“The fund aims to reach 500,000 youth annually between 2020 and 2023. Each fund approval will range from N250,000 to N50,000,000, with a spread across group applications, individual applications, working capital loans set at 1 year and term loans set at 3 years with single digit interest rate of 5%,” he said.
The minister said disbursement of the fund will be through various channels, which will include micro credit organisations across the country the CBN supported by the Bank of Industry, fintech organisations and venture capital organisations registered with the CBN.
According to him, the ministry of finance, budget and national planning and the CBN will provide the initial financing for NYIF, while youth seeking to benefit from the fund must have genuine business ideas and registered business entities.
He added that such persons must be citizens of Nigeria and must be able to provide recognised means of identification and guarantors.
Interested applicants can access the registration portal via this link.
Fantastic
I needed to invest in poultry farm
I am so much in need of it now, & I need to understand more about it.
Wow it a great thing
I’m skilled in interlectual property….I really need this money to help my career.
This is a great opportunity to youth that have zeal and jealious to deeply into business and depending themselves for future in advance to make Nigeria better ,so thankful thanks God that show us this pmb government, may God bless Nigerian Nigeria peaceful and achievement in each line underline by our government
I really need this money to put in my business
Please I need this money to finance my snail farm business and I believe the disbursement will be transparent.
Thank u nice move by the FG
Am so much I need of it so please tell us more
This fund will enable me establish a good rice farm, poultry and fish farm. So I appeal that I should be considered.
I need it to invest in my rice farm
I need it to invest in my fabrics materials business
I need it to set up a business of my own.
I need this fund for poultry farming
Good decision by Government
I need the fund to carry expand my Ankara business
At least I need it to support my poor parents
Great the leaders of Nigeria
I think this is a great step of empowerment to the youth, this is what we all have been expecting from our leaders, and with this there will be less crime in the country
I need money for business
I need for business
I would need the money to start up my own pharmacy store for I have graduated from University of Delta State of school of health
This fund will really empower we the youths.
God bless Nigeria
This will give me the opportunity to invest in my future and that of my family
I need the money to establish my business ooo
And thanks to those that Suggest this
I will use it to buy more chicken in my farms Nd livestock and agricultural foods
I need the money to start up my own business
I need the money for business with self reliance
Please, the application Portal is not functioning optimally.
The application process/form is not here, it’s not functional. Hope this is not another mind game politics that you’re bringing in.
Since , over six years I graduated, no work , no money to start up business. Am only surviving by his grace through online marketing that comes in once in a while. If the government can hear our cry more especially me , I’ve learnt alot OF businesses/skilss and agriculture but no capital.
I’ll be happy if am been offered a capital of 15 -18million to start up either of the followings…poultry farm ,red oil production, full cream powdered milk production, shea butter and dry cassava.
I need this money for self reliance, I have been in poverty all my life i need this money
l try to submit my application form after filling it, but I couldn’t submit it, an error message is what I got.
I need It to Invest In my fabricr materials business
I want to put it in my business of poultry chicken
I need to start up my business which is a make up business all I need is a fund I have done my make up training I need support please to start the business thank you for this opportunity
I want to put it in my business of poultry chicken
Thanks
The money is important, so as to bust my business.
I need a soft grant to build my poultry business
Please we are all Nigeria youth, and need help from our leaders ohhh because we all have a good reason and good plans towards the money aspect, and am happy because this will really help our youths a lot
I desperately needs it to support my tailoring design.
Wow, that is a nice support ever, we all need help from our leaders.
I need it to invest in my piggery
I need money to start my own business
I need this money more than any other thing please. Kindly send me
I want to start up a business
I need to invest in my yam farm
I want to invest in the entertainment industry
Even me, I need to invest in my poultery farm
Will thank god for this life but no job no business to do. be cos no money i want the government to looking into this. How can somebody be a graduate and he or she have no job is very bad the government should help us. That is my opinon let us pray for Nigerian and god bless Nigeria.
Need it to build my fish pond,poultry.
I need this money to invest in my aluminium skill
I need it to invest in my fabrics materials business
I need money to start up my catering business….
I am a recent graduate of Agricultural Engineering. I need the fund to start up a poultry farming.
Thank you.
Am very happy for this great development i believe it can help and Burst the moral of the youth more especially we that are not working yet for me i will use the money and invest in my small cocoa buying business and i believe it would go a long way
Where is the authentic and approved link. I need it please so that I can apply
Interested I’m so much pleased, I need it, to start my pollo production, thanks
I need these to finish my education
I need this money to support my ankara and shoe making business
I will use it to expand my business/ employed more people
I just need the money so as to boost my business