ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Thursday, October 9, 2025
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
ADVERTISEMENT
Home Headline

N75bn Youth Fund: Nigerian Youth Investment Fund – Eligible Businesses

The CBN, however, states that preference shall be given to enterprises that will support the growth of priority sectors.

by NewsOnline Nigeria
November 10, 2022
in Headline, Jobs & Opportunities
0
Nigerian Youth Investment Fund

How to Apply for Nigerian Youth Investment Fund can be accessed below.

 

The Central Bank of Nigeria (CBN), has disclosed businesses and activities that are eligible to benefit from the Nigeria Youth Investment Fund (NYIF).

Also: How To Apply For The FMYSD Digital Youth Nigeria Programme 2021

 

Newsonline reports that the Nigerian Youth Investment Fund, NYIF, is a government initiative created to boost the Nigerian economy through leverage and access to finance for youths.

The fund hopes to serve as a catalyst to unleash the potential of the youth and enable many of them build businesses that will increase the employment rate.

 

The NYIF 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%.

Disbursement will be through various channels, which will include micro finance, finance firms and deposit money banks regulated by the Central Bank of Nigeria and supported by Bank of Industry.

Eligible Businesses/activities for Nigerian Youth Investment Fund

The CBN also outlined in the framework, the businesses and activities that are legally allowed to be eligible in the scheme. These include:

  • Technology/Innovation
  • Agriculture and related value chain
  • Green Economy and Renewable energy sector
  • Manufacturing
  • Hospitality/Tourism
  • Construction
  • Logistics and supply chain
  • Healthcare value chain
  • Creative sector
  • Trading and services
  • Others as may be determined by NYIF/CBN from time to time.

The CBN, however, states that preference shall be given to enterprises that will support the growth of priority sectors.

Businesses Ineligible to apply for Nigerian Youth Investment Fund Registration

In the publication, applicants who are ineligible to apply for the Nigerian Youth investment fund include:
Applicants that are currently enjoying NIRSAL Microfinance Bank (NMFB) loans – which include Targeted Credit Facility (TCF) and Agribusiness/Small and Medium Enterprises Investment Scheme (AgSMEIS) loans, that remain unpaid.

Also, beneficiaries of other government loan schemes that remain unpaid are not eligible to participate in this scheme.

How to Apply for Nigerian Youth Investment Fund Registration: For registered Businesses

The Central Bank of Nigeria (CBN), has disclosed businesses and activities that are eligible to benefit from the Nigeria Youth Investment Fund (NYIF).

Registered Businesses wishing to apply for the Nigerian Youth Investment programme, should provide the following details as listed below. Then click the link in the next line.

  • Email address
  • Personal name
  • Business name
  • Address
  • Business type
  • CAC registration details
ADVERTISEMENT
Previous Post

We Have No Intention Of Banning Twitter, Social Platforms Again- FG

Next Post

I Will Create 1 Million Jobs In 24 Months If Elected- Tinubu

Next Post
Breaking: Tinubu To Visit US, UK, France, Will Speak On Economy, Security

I Will Create 1 Million Jobs In 24 Months If Elected- Tinubu

Trending Stories

No Content Available

Latest Stories

WhatsApp

WhatsApp Tests Username Feature to Replace Phone Numbers in Major Privacy Update

Former INEC Chairman Mahmoud Yakubu

Court Orders Arrest of Former INEC Chairman Mahmoud Yakubu

Gold Prices

Gold Prices Hit Record $3,800 as Global Central Banks Accelerate Buying Spree

CBN

CBN Imposes Tougher Sanctions on PoS Operators, Sets ₦5 Million Minimum Fine for Non-Compliance

Premium Times

Premium Times Reveals How It Uncovered Ex-Minister Uche Nnaji’s Certificate Scandal

Israel, Hamas

BREAKING: Israel, Hamas Agree To Trump’s Gaza Peace Plan in Landmark Deal

Nigeria Police

BREAKING: Nigeria Police Suspend Enforcement Of Tinted Glass Permit

OPay

OPay Faces Mounting Scandals as Fraud Cases, Legal Disputes Erode Public Trust

Moniepoint

Moniepoint Records $1.2 Million Loss in First Year of UK Operations Amid Expansion Drive

Adunni Ade Wins ₦20 Million Court Case Amid Alleged Romance Rumours With Dino Melaye

ADVERTISEMENT

NEWSONLINE NIGERIA

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: [email protected]

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2025 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria