The Federal Government's initiative to lift more than one million nigerians out of poverty is gradually taking shape with others. They have officially announced the commencement of registration of youths across the 36 states, including the Federal Capital Territory for the N75 billion Nigeria Youth Investment Fund (NYIF).
The Personal Assistant on new media to President Muhammadu Buhari, Bashir Ahmed took to his official Twitter account to make this announcement.
His Tweet Reads:
IMPORTANT: The application portal for the N75bn Nigeria Youth Investment Fund (NYIF) is officially opened for registration. Youths (18-35 yrs) with business ideas that require funding can apply for N250,000 - N5,000,000.
Visit: www.nyif.nmfb.com.ng
Before you visit the website, get your bank verification number (BVN) ready because it will request for it.
The Central Bank of Nigeria has revealed the eligiblity criteria for would-be beneficiaries and businesses/activities, for the N75 billion Youth Investment Fund that was recently launched;
ELIGIBLITY FOR SOLE PROPRIETORS OF INFORMAL ENTREPRISES.
(1) Be a Youth within the age of 18 to 35 years.
(2) Possess a Local Government Indigene Certificate.
(3) Have a valid Bank Verification Number (BVN).
(4) Have a business domiciled and operational in Nigeria.
(5) Has not been convicted of any financial crime, in the last ten years.
ELIGIBLITY CRITERIA FOR FORMAL BUSINESS ENTERPRISES.
(1) Evidence of registration with the Corporate Affairs Commission (CAC).
(2) Tax Identification Number (TIN).
(3) List of Directors with their BVN numbers.
(4) Evidence of regulatory approvals.
Good luck as you apply!
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