Youth unemployment in the country has been a growing concern. This problem has led to an increased rate of violent crimes, kidnappings, restiveness and socially delinquent behaviour among them. Recently the youths of Nigeria led an #EndSARS protest and one of their cries was for the government to create employment in the country. The minister […]
Funded by the Central Bank of Nigeria (CBN), the NYIF scheme was launched by the Federal Ministry of Youth and Sports Development (FMYSD) to provide investment loans to youths and youth-owned businesses in the country. Individuals or non-registered businesses can access up to N250,000 in funding while youth-owned registered businesses can apply for up to […]
The application portal for the N75 Billion Youth Investment Fund, NYIF is officially open for registration. Youths with business ideas that require funding can apply for the fund The Cable reports, The initiative of the ministry of youths and sports is being funded by the Central Bank of Nigeria (CBN). On July 22, Sunday Dare, […]
Nigerian Youth Investment Fund NYIF is a government initiative created to boost the Nigerian economy through leverage and access to finance for youths. 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 […]
When the Federal Government approved the establishment of the N75 billion Nigerian Youth Investment Fund (NYIF), a crowd of young Nigerians were excited about the innovation. They hope it could reduce the surging rate of unemployment in the country, and the general economic breakdown now worsened by the Coronavirus (COVID-19) pandemic. With the recent approval […]
