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Breaking: FG Reopens NYIF Portal For Nigeria Youth Investment Fund Registration

Enudi Golden by Enudi Golden
January 11, 2024
in Featured, Headline, Npower, Scholarship/ Opportunities, World News
Reading Time: 2 mins read
NYIF Loan News - New Registration for 2022, Approval, Disbursement and NYIF Training Update
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FG Reopens NYIF Portal For Nigeria Youth Investment Fund Registration

The Federal Government on Sunday reopened the Nigeria Youth Investment Fund (NYIF) portal for application for Nigerian youths.

The Nigerian Youth Investment Fund (NYIF) is an N75 Billion Loan Programme initiated by President Mohammadu Buhari led administration through the Federal Ministry of Youth and Sports Development (FMYSD) and funded by the Central Bank of Nigeria (CBN) to invest in youth ideas to build sustainable businesses that can activate enterprise and increase job opportunities in Nigeria.

The NYIF Portal was previously closed in mid-2021 by the Federal Ministry of Youth and Sports Development in order to process millions of applications received from Nigerian Youths who are seeking support for their businesses.

The loan has a single-digit APR at 5% and a moratorium of 12 months before repayment. The Nigeria Youth Investment Fund was approved by Federal Executive Council in July 2020.

Out of the 3 million applications received in 2020, only about 5,200 Youths have benefited from the Loan Programme in 2021 while about 10,000 Youths were recently pre-qualified for training – a prerequisite for accessing the loan.

According to a statistical report from the Federal Ministry of Youth and Sports Development, “2021 is the first year and only N3 Billion has been released and N2 Billion disbursed as part of the ongoing process.”

The Federal Ministry of Youth and Sports Development has capped the maximum loan per qualified beneficiary at N300,000 to enable many youths benefit from the Loan Programme.

How To Apply

All interested applicants who wish to apply for the loan programme should visit https://nyif.nmfb.com.ng/Applicants/New to fill the online registration form for the programme.

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Residents of a Lagos estate were left in shock on Thursday night after a young woman, Deborah Porsche, popularly known as Debporsche, was allegedly murdered by her ex-boyfriend, identified simply as Lintex, nearly a year after their breakup. According to reports, Lintex had repeatedly threatened Deborah since their split in August 2024, allegedly vowing: “If I don’t have you, nobody will. If I no marry you, blood go flow.” Deborah’s sister described her as a hardworking interior decorator who had just completed her National Youth Service Corps (NYSC). She further alleged that the deceased endured emotional abuse throughout her relationship with Lintex, which ultimately pushed her to walk away. On the night of the attack, the suspect disguised himself as a dispatch rider in an attempt to infiltrate the estate. Security guards reportedly stopped him at the gate, but he scaled the fence and gained entry to Deborah’s apartment. Eyewitnesses said Lintex first tampered with the gas cylinder line outside the apartment, allegedly trying to cause an explosion. When that failed, he forced his way inside and stabbed Deborah multiple times with a knife he brought along. Alarmed neighbours rushed to the scene and alerted the police. The suspect was subdued and handed over to law enforcement officers. Police authorities have confirmed the incident, stating that investigations are ongoing. Deborah’s tragic death has sparked outrage online and renewed calls for stronger legal protections for women against abusive and obsessive partners.
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Man Arrested After Disguising as Dispatch Rider to Murder Ex-Girlfriend in Lagos

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