FG Sets Up N75Bn Link For Nigerian Youth To Get Loans For Investment

The Federal Government of Nigeria has opened the portal for eligible and interested Nigerians to access the N75 Billion Nigeria Youth Investment Fund (NYIF).

As the portal officially opens for registration, youths with business ideas that require funding can apply for the fund.

The information made available by the federal government indicates that youths between the ages of 18-35 with business ideas that require funding can apply.

The Nigerian Youth Investment Fund (NYIF) was set up as an initiative of the Federal Ministry of Youth and Sports Development (FMYSD) and funded by the Central Bank of Nigeria (CBN) to invest in youth ideas to build sustainable businesses that can activate enterprise and increase job opportunities in Nigeria.

The fund is dedicated to investing in the innovative ideas, skills & talents of Nigerian youths aimed at turning them into entrepreneurs, wealth creators, and employers of labour, contributing to national development.

The plan targets young people between the ages of 18-35 years and details the needed actions required to support business establishment, expansion, and consequent employment creation for youth in critical economic and social sectors.