75bn Naira Youth Investment Fund

On 22 July 2020, the Federal Executive Council of Nigeria approved the release of 75 billion naira over a three year period to disburse the Nigeria Youth Investment Fund. The Central Bank of Nigeria (CBN) published the framework for implementing the NYIF on 28 October 2020.

Mr Sunday Dare, Hon. Minister of Youth and Sports

Summary of the Youth Investment Fund

A quick summary of the implementation framework for the NYIF is set below:

Target

The NYIF aims to financially empower Nigeria youth to generate at least 500,000 jobs between 2020 and 2023.

Eligibility Criteria

Informal Business Enterprises (Individuals and Sole Proprietors)

An eligible youth must fulfil the following conditions:

(i) Be a youth within the age bracket of 18-35 years.
(ii) Have business/enterprises domiciled and operational in Nigeria.
(iii) Has not been convicted of any financial crime in the last 10 years.
(v) Has a valid Bank Verification Number (BVN)
(vi) Possess Local Government Indigene Certificate.

Formal Business Enterprises (Youth Owned Enterprises)

Documents Required:

(i) Evidence of registration with Corporate Affairs Commission (Certificate of Incorporation and Form CAC 2A);
(ii) Business questionnaire;
(iii) List of Directors with BVN nos.;
(iv) Evidence of regulatory approvals (where applicable);
(v) Tax Identification Number (TIN).

Eligible Activities/Businesses

Legally allowed activities in the sectors or focal areas listed below shall be eligible:

(i) Technology/ Innovation;
(ii) Agriculture and related value chain;
(iii) Green Economy and Renewable energy sector;
(iv) Manufacturing,
(v) Hospitality/Tourism;
(vi) Construction;
(vii) Logistics and supply chain;
(viii) Healthcare value chain,
(ix) Creative sector and
(x) Trading and Services.
(xi) Others as may be determined by NYIF/CBN from time to time.

However, preference shall be given to enterprises that will support the growth of priority sectors, specifically those identified by the Economic and Recovery Growth Plan ERGP and the Nigerian Youth Employment Action Plan.


11 thoughts on “75bn Naira Youth Investment Fund

  • Paul Idafum

    Wow

  • Paul Idafum

    This is welcoming

  • Paul Idafum

    👏👏👏

  • Yusuf BM

    This is great

  • Yusuf BM

    I hope to benefit too

  • Paul Idafum

    Nice
    Where can I apply?

  • Abdulrasheed

    I hope to benefit too.. where can I apply

  • Abdulrasheed

    👍👍👍

  • Yusuf BM

    Wow

  • Yusuf BM

    Very awesome

  • Bransam

    TeamSpeak (known as TS) is a VOIP app using the internet as a pathway for delivering super crisp communications. TeamSpeak was originally targeted towards the MMORPG community. This application was made for increasing communication in online games. However, the same benefits with games became extremely enticing for business. This application started a revolution in the multiplayer gaming world around ten years ago. Before [url=https://sameteem.com/threads/automatic-free-private-teamspeak-channels.14586/]TeamSpeak Servers[/url] all gamers knew of was in game VOIP chat, which were often infected with trolls.
    If you participate in online games or perform detailed development work with multiple colleagues on different PCs in various countries, you already know the importance of a reliable voice chat connection to ensure clear, timely communication. Whether you need flexible control over your guild’s chat, or a system with more reliability and stability than your current system, [url=https://sameteem.com/threads/automatic-free-private-teamspeak-channels.14586/]TeamSpeak Servers[/url] are a interesting solution for FPS players, other FPS gamers, and everyone who wants VOIP services for work or gaming needs.
    A [url=https://sameteem.com/threads/automatic-free-private-teamspeak-channels.14586/]Free TeamSpeak Server[/url] instance allows you to customise and control who you converse to, with full administrative functions that allows you to add or delete users at your discretion. Instantly, you get the ability to extend slots and administrate all parts of the clans’s online communications. With your own TeamSpeak instance, you enjoy clear communications, admin controls, and a fully customisable and scalable permissions system.
    With TeamSpeak, you have ultimate power over what you and your gamers connect on the internet. All you need is a mic and headset to start reaping the benefits of a TeamSpeak server. [url=https://burgaslargo.com/displaynewsbg/25184]Free TeamSpeak Servers[/url] 502_2e3
    You can rent a server from any of the providers at TeamSpeak.com or go through the pain of installing the server software yourself. You can also connect to various [url=https://sameteem.com/threads/automatic-free-private-teamspeak-channels.14586/]Free TeamSpeak Servers with free channels[/url] or search additional servers on [url=https://teamspeak.server.vote/]Public TeamSpeak Server Lists[/url][url=http://teamspeakserverlist.com/]TS Server Lists[/url].


Leave a Reply

Glocal Networks

20-22 Wenlock Road
London N1 7GU

Glocal Networks

FREE
VIEW