Nigeria Youth Investment Fund Access up to N3 Million Credit Facility
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.
Objectives of the Scheme
Improve access to finance for youth and youth-owned enterprises, for national development
Generate much-needed employment opportunities to curb youth restiveness.
Boost the managerial capacity of the youth and develop their potential to become the future large corporate organizations.