NYIF: Upload Your Business Plan Here – www.nyif.nmfb.gov.ng/app

See NYIF: Monday 30th Nov. Applicants Must Upload Business Plans on NYIF Portal

NYIF: Upload Your Business Plan Here – www.nyif.nmfb.gov.ng/app: The Nigeria Youth Investment Fund has released a new web portal for applicants to upload their documents and business plan as directed by the Minister of sport, Mr. Sunday Dare

On Monday 30th November, All applicants will be able to upload their business plans on the NYIF portal- www.nyif.nmfb.gov.ng/app

See NYIF: Frequently Asked Questions and Answers All Applicants Must Know

Applicants qualification for the fund will be determined by their business plan, so is the amount to be approved for their  business.

The ministry has changed the process of application to the following 3 basic steps:

Registration and uploading of business plan.

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Training

Disbursement

There are higher chances of your buainess being funded if you make it to training, about 90% of applicants selected for the training will become beneficiaries

If selected for the training, you’re already 90% qualified for the loan. You will need one guarantor if selected to benefit.

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Unlike how it is before, now, It is after your business plan upload you’ll be invited for training if your business plan is worthy of funding.

See NYIF: A Bill To Make NYIF Continue With Successive Governments Is In National Assembly

You can apply as group or cooperative, but only one person representing others must fulfill all the eligibility conditions. Maximum accessible amount is 3m, lowest is 250k.

Interest Rate is 5%.

Moratorium is 12 months

Loan tenure is 36 months.

You’ll need to be a formally registered business to access above 500k. Otherwise you’ll only access between 250,000 to 500,000 Naira

Survival fund beneficiaries are eligible, Covid-19 TCF household beneficiaries will be made eligible”

“A bill is already being prepared to be sent to the National assembly to pass the NYIF into law so as to ensure its continuity with successive governments. Accessing the fund, from application to disbursement is 3 to 6weeks

Start uploading your Business Plan here-www.nyif.nmfb.gov.ng/app

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