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Who Qualifies for a NYIF Loan Application
1) Private Persons/Unregistered Businesses
An individual between the ages of 18 and 35.
c. Possesses an ID and a valid BVN.
c. Submitting a completed questionnaire or a summary of the business strategy
d. FMYSD Entrepreneurship Development Institutes’ Entrepreneurship Training Certification (EDIs)
You might also want to look out How to Apply for CBN Graduate TIES Grant and Undergraduate TIES Grant.
2) Licensed Companies
a. Youth-owned formal businesses that have been properly registered with the Corporate Affairs Commission (CAC)
a. A summary of the business plan or a completed questionnaire
c. Directors’ Valid Bank Verification Numbers
A tax identification number must be provided (TIN)
d. FMYSD EDIs’ Entrepreneurship Training Certification
NYIF Application Form
The information on the loan application form, including the borrower’s information as well as the loan amount, purpose, interest rate, and period, is all stated in straightforward terms.
Anyone interested in applying for a loan through the NYIF site can do so now that it is available (www.nyif.nmfb.com.ng).
Why do you need to be aware of this? The demand for online lending services from the Nigeria Youth Investment Fund is the primary factor.
A smartphone can be used to fill out the NYIF application form online. so that potential borrowers can apply for loans at any time and from any location. without having to visit the workplace.
A few minutes are all that it takes to complete the NYIF Loan Application procedure.
States eligible to fill NYIF Application Form
Abia, Adamawa, Akwa Ibom, Anambra, Bauchi, Bayelsa, Benue, Borno, Cross River, Delta, Ebonyi, Edo, Ekiti, Enugu, Gombe, Imo, Jigawa, Kaduna, Kano, Katsina, Kebbi, Kogi, Kwara, Lagos, Nasarawa, Niger, Ogun, Ondo, Osun, Oyo, Plateau, Rivers, Sokoto, Taraba, Yobe, Zamfara, Federal Capital Territory (FCT)