NYIF Loan 2025 – Get Up to ₦3 Million for Your Business (Youth Fund Guide)
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| NYIF Loan 2025 – Get Up to ₦3 Million for Your Business (Youth Fund Guide) |
The Nigeria Youth Investment Fund (NYIF) is back in 2025, providing up to ₦3 million in low-interest loans to young Nigerian entrepreneurs. This initiative, launched by the Federal Ministry of Youth and Sports Development, aims to empower youth with financial support for startups, small businesses, and innovative ideas.
If you're aged between 18 and 35 and running a business or planning to start one, this opportunity could be a game changer.
What is the NYIF?
The NYIF Loan Scheme is a federal government funding initiative in partnership with the Central Bank of Nigeria (CBN) and managed through financial institutions like NIRSAL Microfinance Bank (NMFB).
It targets youth-owned businesses in agriculture, tech, creative industries, fashion, manufacturing, and services.
Loan Overview
| Feature | Details |
|---|---|
| Loan Amount | ₦250,000 – ₦3,000,000 |
| Interest Rate | 5% – 9% per annum |
| Repayment Period | Up to 5 years |
| Collateral | Not always required for small amounts |
| Age Requirement | 18 – 35 years |
| Application Status | Open (Ongoing in 2025) |
Eligibility Criteria
To qualify for the NYIF loan:
- You must be a Nigerian citizen, aged 18–35
- Own or plan to start a genuine business
- Have a Bank Verification Number (BVN)
- Not be a current beneficiary of other government-funded programs
- Must complete a free entrepreneurship training approved by NYIF
Required Documents
- Valid government-issued ID (NIN, Voter’s Card, or Passport)
- Business plan or concept summary
- Bank account and BVN
- CAC registration (optional but recommended)
- Utility bill or address proof
How to Apply for NYIF
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Go to the official NYIF portal:
nyif.nmfb.com.ng -
Fill the application form with your personal, business, and banking details
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Register for the free NYIF training
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Complete the training modules and receive a certificate
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Await screening and possible loan offer via NMFB
NYIF Training & Disbursement
- The training is mandatory and conducted via partner organizations (both online and offline)
- After completion, qualified candidates receive loan offers via email or SMS
- Disbursement is made directly into the applicant’s registered bank account
Avoid Fraud
- NYIF is free to apply – you don’t need to pay for forms or training
- Always apply via official portals only
- Don’t share your BVN or account details with third parties
The NYIF 2025 loan is one of the most inclusive and accessible financial opportunities for young Nigerians. Whether you're in tech, agriculture, fashion, or services, this loan can help scale your idea into a thriving business.
👉 Apply now via: nyif.nmfb.com.ng
👉 Learn more via: nmfb.com.ng
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