The Federal Executive Council on July 22, 2020, approved the sum of N75, 000,000,000.00 (N75Billion) for the establishment of the Nigeria Youth Investment Fund.
NYIF Loan Interest Rate: 5%
The NYIF is for the period of 2020 – 2023 dedicated to investing in the innovative ideas, skills and talents of Nigerian Youth.
For small scale entrepreneur to access any of the loans supported by the Central Bank (CBN), he must have undergone specific training at Entrepreneurship Development Centres or EDC which are certified by the apex bank.
In 2020, the Corporate Affairs Commission (CAC) promised to start delivering electronic certificate (E-Certificate).
It said it’s part of the measures to minimise physical contact between workers and its customers. All over the world, everyone is keeping social distancing so as to reduce the spread of COVID-19 pandemic.
Here is a privilege to apply for BOA-SMEDAN matching fund programme and we’ll outline all the things you need to put in place before submitting your application for this loan to stand a chance of getting up to N5, 000, 000 to boost your business.
Unbelievably, you need just N10,000 to become a SANEF agent provided you meet other eligibility requirements.
For exited N-Power beneficiaries, the Central Bank of Nigeria WILL provide the takeoff capital for you. Gbam!…You become CBN-Certified Mobile Money Agent in your community.
To enjoy government loans and funding in a bigger way, you need to show evidence of tax payment. It’s a WIN-WIN!
To make this possible you must apply for Tax Identification Number. At some point when filling a loan form, you’re requested to fill in your TIN.
Do you know that there are loans that are specifically designed for women in Nigeria for them to build, expand, and grow their businesses?
In this post, we’ll share with you funding opportunities for female business owners in Nigeria. If you want to stabilise the home, empower a woman, boost her business, support her financially in her entrepreneurial skills or business.
The Federal government has reopened the application portal for the survival fund to take fresh applications from those who want to benefit from the Payroll Support Scheme.
The survival fund is one of the post-COVID-19 programmes to mitigate the effect of the pandemic on businesses and their owners.
1) At least 200,000 former N-Power beneficiaries will be signed up as CBN-certified SANEF mobile money transfer agents across Nigeria.
2) Some Exited NPower volunteers who already have their business ranging from buying and selling, service providers, poultry farming and other small business owners among them will have access to GEEP micro-enterprise loans backed by the CBN
The Federal Government has released the phone numbers of officials of the Nigeria Youth Investment Fund.
The six geopolitical phone numbers of NYIF officials were released for intending applicants to get call and more details on how to benefit from the programme.
In this video, some of the beneficiaries of the MSME Survival Fund share their testimonies on how the fund has helped them to cope with the effect of coronavirus pandemic.
https://youtu.be/Tha9pLM2b4Q
“I was browsing Facebook & saw an ad on the MSME Survival Fund. I clicked & filled it, because I needed money. I thank Nigeria government,” of the beneficiaries in Abia State said.
Thousands of Nigerians have benefited from the Payroll Support Scheme, one of the funding programmes under the MSME Survival Fund
On January 6, 2021, the Federal Government revealed 283,023 Nigerians had benefited from the programme.
If you are expecting N5,000,000 loan or more, you may have to upgrade your account to corporate (current or business account) or even start the application afresh.
It is advised you take action before the disbursement of the AGSMEIS loan you applied for begins.
The Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development has uncovered another fake portal using the name and logo of the ministry with the aim of defrauding job-seeking youths.
Most times business owners approach financial institutions and other money lending firms to borrow to implement business ideas or for personal use.
You could take a loan to buy cars, sponsor your kids’ education, buy houses, and expand business
Are you creative and reside in Nigeria’s commercial city? Creative Lagos Training Programme wants you to onboard in its programme.
The programme which hopes to empower at least 1,000 people at ago was launched a few weeks ago.
Under the NESP, many relief funds are being disbursed by the government in partnership with the Central Bank of Nigeria (CBN).
One of these funds is the payment of N30, 000 one-time grant to 333,000 artisans spread across the country.
You’ve heard about the soft and collateral-free loan, SME, housing, car, and all kinds of funding for personal and corporate use?
Usually, all kinds of funding fall into two major types of loans. Whether the funding is from the government, non-governmental organisation, or from a financial institution, they could be categorised as:
There are several loans you can access in Nigeria. But lenders or banks would make sure that you have verifiable data.
This isn’t peculiar to only Nigeria, but it’s a normal standard in every part of the World. Apart from verifying you also known as knowing Your Customer (KYC) in the business world, banks want to ensure that the loan is used or the purpose it is meant.
The information we received from the Federal Ministry of Youth Development and Sports is that 239 applicants of the Nigeria Youth investment Fund (NYIF) have received a loan of N165,700,000
If you applied for the NYIF, but yet to get feedback on your loan application? Don’t worry you can make the list of the second batch as we’ll be telling you what you need to do right.
