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About the Nigeria Youth Investment Fund 2024
The Federal Ministry of Youth Development has recently announced the relaunch of the Nigeria Youth Investment Fund (NYIF). This initiative, supported by the government of Nigeria, is designed to provide financial assistance to young entrepreneurs and small businesses.
The fund, managed by the Central Bank of Nigeria (CBN), was established in 2020 to address the economic challenges brought about by the COVID-19 pandemic, particularly for young people and small enterprises in the country. The NYIF specifically targets individuals aged 18–35 who are looking to establish or expand small businesses in Nigeria.
Its primary objective is to support young entrepreneurs in overcoming financial barriers, such as limited access to credit and insufficient capital for necessary equipment and resources.
Eligibility Criteria
Interested applicants must meet the following criteria:
- Applicants must be Nigerian citizens.
- Applicants must be between 18 and 35 years old.
- Applicants must have a viable business idea or an existing small business.
- Applicants must meet other eligibility criteria as determined by the Central Bank of Nigeria (CBN).
Benefits of the Nigeria Youth Investment Fund 2024
Successful applicants will receive funding for their businesses. The CBN will also provide mentorship and technical support to help entrepreneurs succeed. Interested applicants must submit their applications through the NYIF portal. The Nigeria Youth Investment Fund 2024 will also provide mentorship and support services to help entrepreneurs succeed.
How to Apply
To apply for the Nigeria Youth Investment Fund 2024, which is aimed at providing financial support to young Nigerians, you can click on the link provided below to visit the official application page. Once there, you will be required to fill out a form with your personal and financial information.
See also:
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BIND Open Innovation and Acceleration Program 2024 for Startups: Apply Now!
