National Youth Empowerment Fund 2022: We believe you would have heard about National Youth Empowerment Fund, well this scheme is an empowerment program basically designed for the youth by the Federal Government.
And, the major aim of this program is to help fight, assist, as well as to reduce the rate of unemployment, and this minimization of unemployment can be reduced through the establishment of an innovative skill development program, that will create opportunities with the objective to increase and improve productivity sector.
Generally, the National Youth Empowerment Fund, which is known as the:
National youth investment funds is a program for the youth,
And this scheme is especially for those who have existing businesses
The National Youth Empowerment Funding Application Form application portal has been enabled for interested Nigerians who wish to apply, and its application form can be obtained through the National Youth Empowerment portal.
Meanwhile, do you need a helping hand to improve your business? For more information about the National Youth Empowerment, visit its official portal: https://nyif.nmfb.com.ng/Applicants/New
NYIF Application And What You Should Know
National Youth Empowerment Fund 2022 is a Federal government scheme and a program aimed at giving low-interest loans to Nigeria to help, improve and assist them to realize their objectives in the business world. The loan is provided by the government through NIRSAL Microfinance Bank.
Literally, NIRSAL Microfinance Bank provides a channel through which this loan is distributed. But this loan is initiated and sponsored by the CBN through the:
Ministry of Youth and Sports Development
The National Youth Empowerment Fund is a program that is divided into batches, and this scheme is expected to commence by the end of 2023.
Mostly Nigeria mistakes this Empowerment Fund to be a grant, but this is false, National Youth Empowerment Fund is a loan that comes with little/small interest, allowing:
Businesses to grow and expand
boosting GDP while giving considerable time for repayment of the loan.
Who Is Qualified For NYIF Registration Funds?
(a) The National Youth Empowerment loan is for youth who are at age 18 to 35 years
(b) Another basic criterion is that applicants are expected to have an Approved:
FMYSD EDIs Training Certificate
(c) The National Youth Empowerment loan is meant for business and agriculture, consequently, applicants need to have an existing business before applying for this scheme.
(d) Your business should be recognized by law.
(e) Also, your business should have a TIN
Who Are Not Considered Qualified For NYIF Registration :
(a) Are you an NMFB beneficiary? If yes, you are already a beneficiary, then you shouldn’t apply.
(b) Applicants must have a means of identification, such as:
Identity card
Local Government certificate
(c) Applicants with criminal records won’t be accepted in this National Youth Empowerment program
All original copies of your documents must be tendered to aid, for proper verification and assessment.
CONCLUSION
General Attention: The Federal Government has cautioned applicants who will be applying for this scheme, not to pay any person who promises to facilitate/fasten his/her load procurement. As the National Youth Empowerment Fund 2022 Application Forms are absolutely free
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