Apply for NYIF Loan 2025 – Up to ₦50 Million for Nigerian Youth Entrepreneurs.
The Nigerian Youth Investment Fund (NYIF) is back for 2025! Are you a Nigerian youth with a business idea or existing venture? The Federal Government is offering you a chance to access up to ₦50 million to grow your business and create jobs.
Funded by the Federal Ministry of Youth Development (FMYD), NYIF is designed to support Nigerian youths aged 18 to 40 years with the capital needed to launch or expand their businesses. Whether you run a small venture or are just starting with an idea, this loan could be the breakthrough you need.
Quick Highlights of NYIF Loan 2025
- Total Fund Size: ₦110 Billion
- Loan Limit: Up to ₦50,000,000
- Interest Rate: 5% per annum
- Loan Duration: Up to 5 years
- Moratorium: 12 months (grace before repayment begins)
- Disbursement Method: Youth Enterprise Clusters
- Target Group: Nigerian youth aged 18–40
This initiative aims to create over 1 million jobs in 2025 by empowering young entrepreneurs across various sectors.
NYIF Loan Objectives
The main goals of the NYIF include:
- Reduce youth unemployment through entrepreneurship
- Provide affordable financing to youth-led businesses
- Support the sustainable growth of small businesses
- Encourage innovation, creativity, and skill-building
- Stimulate economic development and job creation
NYIF Loan 2025 Eligibility Criteria
To qualify for the NYIF loan, applicants must:
- Be a Nigerian citizen aged between 18 and 40 years
- Possess a valid National Identification Number (NIN)
- Own a business or have a solid business idea
- Provide a business plan or proposal
- Show commitment to contributing to Nigeria’s economy
Both individuals and registered youth groups/clusters can apply.
Required Documents for NYIF Application
Before applying, make sure you have these:
1. NIN Slip or ID
2. CAC Certificate (if business is registered)
3. Business Plan or Proposal
4. Proof of Business Ownership (for existing ventures)
5. Bank Verification Number (BVN)
How to Apply for NYIF Loan 2025
Follow these simple steps to apply:
Step 1: Visit the Official NYIF Portal
Go to: https://www.fmyd.gov.ng/nyif_application
Step 2: Create an Account
Register using your full name, phone number, email and NIN.
Step 3: Fill the Application Form
Enter your personal, business, and bank details accurately.
Step 4: Upload Required Documents
Attach your CAC certificate (if applicable), business plan, and valid ID.
Step 5: Submit Your Application
Double-check all details and submit your application.
What Happens After You Apply?
- Application Review: Your information and documents are verified
- Prequalification: If you meet the criteria, you will be shortlisted
- Training Invitation: Some applicants may undergo entrepreneurship training
- Loan Disbursement: Successful applicants will receive funds directly through Microfinance Institutions (MFIs)
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