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NYIF Registration Portal 2020 Open – Register Your NYIF Application

nyif application fund

NYIF Registration – Register Your Application at NYIF Portal

nyif

The candidates who are interested in NYIF Registration 2020 were searching on the various portals.

In this article, you will understand the step by step guide involved on how to fill  NYIF Registration 2020 application form. Stay focus and read through.

I believe you visit this page because you seek information on How to fill NYIF application form 2020. This page will give insight on how to apply for Youth Investment Fund 2020, loan application form, requirements, qualification, guidelines, nyif portal and updates for free.

You can apply directly to the official website using a laptop/desktop or mobile. NYIF will handle the application process if traffic is high.

This loan is sponsored by the Central Bank of Nigeria (CBN) in collaboration with NIRSL Micro Finance Bank.

NYIF Registration [Year] News Updates

youth investment fund

NYIF Registration 2020 date has been announced by the Nigeria Youth Investment Fund. We are looking forward to getting an officonial announcement from the NYIF.

So keep checking this page for we shall update any time the NYIF application form date for 2020/2021 is released by the appropriate authority.

NYIF Registration Requirements

In this blog, we’ll guide you through the NYIF portal registration process, and highlight the requirements you’ll be likely fill.

All applicants are required to carefully read through the entry requirements for clarification before application. Take note of all the required data in the subsequent steps.

The following are the NYIF portal registration requirement for applicants:

  • Your BVN
  • Age requirements is 18 years and above
  • You will provide your personal information
  • Your Bank Account Number
  • A valid means of identification such as ID

NYIF Application Form Portal [Year] & Registration Form

IMPORTANT! Currently, NYIF application form is available online only at www.nyif.nmfb.com.ng.

We will provide full Nigeria Youth Investment Fund Application Details and its official NYIS Portal when it’s released by the Nigeria Youth Investment Fund. So for now, we are still in anticipation.

To ascertain if the NYIF application registration 2020/2021 has officially begun, reach out to the official Nyif Portal @ www.nyif.nmfb.com.ng OR check this page frequently as update shall be made anytime the form is out.

The Nigeria Youth Investment Fund DO NOT demand or accept gifts or gratification to approve the application.

How to Apply and fill NYIF Application Form

NYIS Portal for Registration

The type of application form you’ll fill in will very much depend on the role you’re applying for. However, the broad strokes of the application are the same:

The NYIS Application Form Portal indicates that registration is a mandatory administrative procedure that must be completed by the applicant.

Here we want to make it clear that this post is designed to enhance your knowledge but it is not part of the official NYIF registration portal.

All interested traders can apply online. Below are easy steps and by following these you can easily apply.

Here are simple steps to sign up for the Nigeria Youth Investment Fund (NYIF):

Apply through the NYIF Portal

nyif portal

  • You have to go to the official portal – www.nyif.nmfmb.com.ng on your mobile phone or computer. Click “Apply Here” to proceed.
  • Fill in your personal details (Enter your first, middle and last name. Your last name is your last name. Fill in the correct 11 digits of your BVN. Click Next to continue.)

Enter Your Residential Information

nyif application details

If your BVN has been successfully verified, your date of birth will load automatically at this stage. Enter your phone number, email address and choose your gender.

Fill in your residential address, state and local government territory. This is the home address, state and local government territory where you live. Double check to make sure there aren’t any mistakes. Click Next to continue.

Select Zone and Educational Level

  • At this point, enter your geopolitical region – Northwest, Northeast, North Central, South West, Southeast or South South.
  • Select the state and home of the local government. This is different from where your state and local government reside unless you live in your home state.
  • Select your highest level of education then click “Next” to move on to the final stage.

Select a Training Center and Submit
This is the final stage of your application. Just choose a training center you like and how you hear about NYIF.

Eligible screened youth (Candidates who must undergo mandatory entrepreneurship training arranged or approved by the Federal Department ).

There has been challenges in accessing NYIF portal, this is as a result of too many traffic and network challenges. Also, too many applications has also contributed to the slow in accessing the portal but the officials are working towards it. We advise you try applying at night, i it insists, exercise patience as it will be rectified soon and you will be able to register

NYIF Registration Deadline/Closing Date

The Nigeria Youth Investment Fund Registration Deadline/Closing  not specified. , so for now, there is no last date NYIS  Registration.

Things to note

  1. Forms are not being sold for this loan.
  2. The official portal is nyif.nmfb.com.ng
  3. Filling of nyif application form is done online only.
  4. The Nigeria Youth Investment Fund has not contracted any middlemen on its behalf.
  5. Read guidelines thoroughly and carefully before filling the NYIS Application Form
  6. Do not submit more than one application; you will be disqualified if you do so

Nigeria Youth Investment Fund 2020 Form application method is very simple. Please take note of the method of application, if you follow the instructions on this page carefully, you will be applying for the form without experiencing any issues.

Who funds it?

  • Ministry of Finance, Budget, and National Planning (MFBNP)
  • Central Bank of Nigeria (CBN) will provide the financing to kick-start the Nigeria Youth Investment Fund (NYIF).

Disbursement

It would be disbursed through various channels like

  • Micro Credit Organizations across the country under the Central Bank of Nigeria supported:
  • Bank of Industry
  • Fintech Organizations and
  • Venture Capital Organizations registered with the CBN

please note that the NYIF shortlist names 2020 is not yet out. The application is currently ongoing. We will announce to you as soon as the Nigeria youth investment Fund shortlisted names 2020 is out.

NYIF Application Form Process Updates

President Buhari has reported from his Twitter handle that more than 1 million applications have been submitted for NYIF so far.

The official website, nyif.nmfb.com.ng, is still open and eligible applicants are filling the form.

“The 75 million Naira Nigeria Youth Investment Fund (NYIF) portal went live on October 12, 2020, as more than one lakh applications have already been received.

“This Fund will invest in the innovative ideas, skills, and talents of young Nigerians”, Buhari tweeted.

In July, the federal government approved the establishment of the program, which will run from 2020 to 2023.

The initiative seeks to boost the Nigerian economy through finance for young citizens. The target is 500,000 youths each year.

Fund approval will range from N250,000 to N50, 000,000 for individual and group applications.

Working capital loans are set at 1 year and term loans set at 3 years with an interest rate of 5 percent.

The fund will be disbursed through microfinance, finance firms, and deposit money banks.