10 Things You Need To Take Note Of 2020 Nigeria Youth Investment Fund (NYIF)

It is no longer news that the application portal for the N75 Billion Nigeria Youth Investment Fund, NYIF is open for registration.

10 Things You Need To Take Note Of 2020 Nigeria Youth Investment Fund

The portal was officially opened last month (October) by the Federal Government of Nigeria.

Brainnews is here to point out of some of those things you need to take note before applying for this funds.

Below are some of the things:

1. Application Deadline: Ongoing

About the Award: The Central Bank of Nigeria has issued guidelines for NIRSAL Microfinance Bank to begin the disbursement of the N75 billion Youth Investment Fund.

2. Type: Entrepreneurship

3. Eligibility: Youths (18-35 years old) with business ideas that require funding

4. Eligible Countries: Nigeria

5. To be Taken at (Country): Nigeria

6. Number of Awards: Numerous

7. Value of Award: N250,000 or from N500,000 – N5,000,000

10 Things You Need To Take Note Of 2020 Nigeria Youth Investment Fund

8. How to Apply: CLICK HERE

9. For those in Cross River State or other State (s) having issues with selecting “Residential State,” simply choose the nearest State to you or your base. E.g, for those in Cross River State, you can choose Akwa Ibom State, Uyo as your Residential State.

10. The fund disbursement would start after the close of the registration. Understand that it might take us to another year before the youth start receiving their funds.

Note: It is important to go through all the application requirements in the fund portal (see the link above).

Do you have any question(s) for us? Please, comment below..

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Eyo Nse is a creative writer, blogger and a software engineer.He is a simple individual who loves to see others succeed in life.Mr Wisdytech as he is popularly known - started blogging in the early 2000's.