Application, BVN Validation, Eligibility & More » Voice of Nigeria
NYIF 2023 Application: There is a possibility that the Federal Government of Nigeria may begin accepting applications for the Nigeria Youth Investment Fund in the year 2023, according to the reports that have been obtained from reliable sources.
How to Apply for NYIF Registration: For registered Businesses
The Nigeria Youth Investment Fund and the Central Bank of Nigeria (CBN) has listed the kinds of enterprises and endeavors that are eligible to receive funding from the fund (NYIF).
Businesses who have already been registered and are interested in participating in the Nigerian Youth Investment program are required to supply the following information in order to be considered. After that, you should click the link on the following line.
- Email address
- Personal name
- Business name
- Address
- Business type
- CAC registration details
NYIF 2023
According to the data obtained from the sources, it is possible that the FG would start accepting applications for the Nigeria Youth Investment Fund in the year 2023.
You have the option of registering your email address on our website if you are interested in being among the first to be notified when the application period begins.
Register your email for NYIF New Registration 2023
Steps to Register Free
- First enter your email id in following text box
- Click on “Register” button
- Login your email and verify your free subscription.
Businesses Ineligible to apply for NYIF Registration
In the publication, it says that applicants who have unpaid NIRSAL Microfinance Bank (NMFB) loans, such as Targeted Credit Facility (TCF) and Agribusiness/Small and Medium Enterprises Investment Scheme (AgSMEIS) loans, are not eligible to apply for the Nigerian Youth Investment Fund.
Also, people who got loans from other government programs but haven’t paid them back can’t take part in this one.
Eligible Businesses/activities for NYIF Scheme
In the framework, the Central Bank of Nigeria (CBN) also detailed the types of firms and activities that are legally permitted to be eligible for participation in the plan. These are the following:
- Technology/Innovation
- Agriculture and related value chain
- Green Economy and Renewable energy sector
- Manufacturing
- Hospitality/Tourism
- Construction
- Logistics and supply chain
- Healthcare value chain
- Creative sector
- Trading and services
- Others as may be determined by NYIF/CBN from time to time.
The CBN, on the other hand, specifies that preference should be given to businesses that would contribute to the expansion of priority sectors.
There have been some applicants who have registered with the Nigerian Youth Investment Fund (NYIF), however there are still a lot of applicants who haven’t received a confirmation token to finish the registration, therefore if you are one of the people who have an If email, you should read this. The mail has not been checked, and the article is intended for you.
Do not forget that applicants who have already been pre-qualified for a loan from the NYIF have received text messages requesting that they validate their BVN by logging in to the NYIF Loan Application Portal.
The text message reads;
Dear Applicant,
You have been pre-qualified for the NYIF loan programme, kindly click on this link to apply.
https://nyif.nmfb.com.ng/app
Thank you.
I will walk you through the process of confirming your email address, step by step. Where to send correspondence and instructions on how to complete a registration form in order to obtain a loan.
Step 1. Log in to the NYIF website
You can log in to the site using this link https://nyif.nmfb.com.ng and after clicking on the login name, select “Forgot Password” from the drop-down menu and use the link that was emailed to you. You are able to change your password. Keep in mind, however, that the connection will only work properly for the current day.
Step 2. Email Verification
Click “I did not receive a confirmation token” and input your email address after successfully resetting your password. You will then be automatically sent to the location where you can log in. Put your letter in the box given, and then check your email. To access the file, navigate to the mail (inbox) folder and click on the link that was emailed to you. email confirmation.
Step 3. User Log in
After successfully verified your email. Email address, return to the “user login” location and log in to your account to complete the registration.
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NYIF Login BVN: How To Validate Your BVN On NYIF Portal
Are you seeking for a link to verify your NYIF email address, or do you need instructions on how to validate your BVN on the NYIF portal? If you answered “yes,” then you should read this post.
How to Validate Your BVN on the NYIF Portal and Access Your NYIF Email Verification Link
Do not forget that applicants who have already been pre-qualified for a loan from the NYIF have received text messages requesting that they validate their BVN by logging in to the NYIF Loan Application Portal.
The text message reads;
Dear Applicant,
You have been pre-qualified for the NYIF loan programme, kindly click on this link to apply.
https://nyif.nmfb.com.ng/app
Thank you.
MSME Guaranteed Offtake Stimulus Scheme – How to Apply Online
We have been inundated with inquiries from prospective borrowers who have already been pre-qualified for loans from the Nigeria Youth Investment Fund (NYIF) and are now asking for authentic details about how they may access the NYIF verification link.
Questions like;
- How can I found my NYIF Email Verification link?
- How can I Update my NYIF Loan Application Portal?
- What is the procedure for NYIF Loan Application?
- How do I know if Nigeria Youth Investment Fund (NYIF) Email Verification link has been sent to my email address?
Above are the questions we have received so far from NYIF pre-qualified applicants.
Please don’t freak out if you are one of the applicants who are having trouble with the Nigeria Youth Investment Fund Email Verification Link; we have the solution to your problem right here.
In this post, you will get in-depth information and instructions on how to receive your NYIF Verification link and perform your NYIF Loan BVN Validation through the Nigeria Youth Investment Fund (NYIF) portal. Additionally, you will learn what information is required for the validation process.
Logging in to the NYIF loan application portal, validating your BVN, and creating an account for loan processing are the three steps you need to take in order to be eligible to obtain a loan from the NYIF.
How to Validate Your BVN on Nigerian Youth Investment Fund (NYIF) Portal
- Visit >> https://nyif.nmfb.com.ng/app
- Input Your BVN
- Check if all your details are correct
- If your Loan application goes through it will take you to next page where you will create a password and save.
- NYIF will send you a verification link to your email address where you will verify your account and proceed to fill all the necessary information
Note, some persons are finding it very difficult to see the NYIF loan email verification link in their email.
How to Receive Your NYIF Email Verification Link
To receive your Nigeria Youth Investment Fund Email Verification link, kindly follow the guidelines below;
- Login to your Email Address e.g Gmail, Yahoo, Hotmail etc
- Click on Inbox
- You will see the Email Verification link
- Click on the link and it will redirect you to NYIF Loan Application Portal.
- Fill the necessary information needed and Submit.
- Note, if you didn’t see the NYIF email verification link in your mail inbox, don’t panic it’s either the verification
- link hasn’t been sent to your email address or it’s in your Spam folder.
Candidates whose validation did not go through are advised to exercise a little patience and check back later.
NYIF Login BVN: If You Haven’t Gotten Email Verification Link, Here is What You Should Do.
The Nigeria Youth Investment Fund (NYIF) was established by the Federal Government as an instrument for alleviating poverty, particularly among young people, by the provision of lenient loans for the establishment of new businesses or the funding of ones that already existed. The NYIF loan application process began a year ago, and a huge number of people submitted their information in the hopes of being granted a portion of the fund. The Nigerian Youth Investment Fund plans to distribute 75 billion Naira to young people in Nigeria.
The good news is that some of the people who applied for the NYIF have already been pre-qualified for the program, and they have been issued congratulations messages and confirmation links through SMS so that they can set up an account and a password. Some of these candidates have been successful in generating an account and password, allowing them to successfully access the NYIF dashboard once it was made available to them. A few of these potential borrowers have, in fact, already been granted the loans.
On the other hand, there are some applicants who have been grumbling that they did not receive the email verification link after they created their NYIF password. I, too, was put through exactly the same ordeal; nevertheless, I was eventually successful in resolving the problem. As a result, I have a large amount of expertise regarding the various approaches that you might take to address this particular problem.
The NIRSAL Microfinance Bank (NMFB) sent me a congratulatory text message via my mobile phone informing me that I had been pre-qualified for the loan. Within the body of the text message was a link that, when clicked, would take me to a page where I could set up an account and a password. After I had finished creating the password, the website informed me that a verification link will be sent to the email address I had provided. After that, I hurriedly went to check my email, where I was taken aback to discover that there was no confirmation link. After that, I did something else, and as a result, I finally had the verification link.
Below is What You Should Do To Get Your Email Verification Link.
If you have got the SMS from NIRSAL Microfinance Bank, please click on the link, open the link in a new tab on your browser, and wait for it to load completely before proceeding. If you have not gotten the email verification, click on “didn’t get,” then type in the email address you used throughout the registration process. Continue trying until you eventually get the verification link in your email. If you have not received the email verification, click on “didn’t get.”
Note: You may want to try logging in at night when the system (server) is less congested.
What To Do If The Email Verification Link Is Not Opening.
Many applicants have been complaining about the email verification link not opening. Some applicants said that when trying to open the link, it shows, “message verification failed” or “service unavailable.”
The server appears to be the source of the issue, at least according to the limited information I possess. However, I will suggest that you always open the URL in the evening, when the server will be less crowded with other users. Be aware as well that the verification link is only active for one day before it becomes invalid and cannot be used again.
Please let me know in the comments if there is any aspect of this that you still don’t understand, and I will do my best to respond to you as quickly as I can. I have done all in my power to make this as easy to grasp as possible for you. If you also have a question about the NYIF, you need an answer to, kindly leave a comment.
Please, let me know if the tips above worked out for you in the comments below.
NYIF FAQ
How much is the NYIF loan?
The Nigerian Youth Investment Fund (NYIF) is currently distributing between N250,000 (Two Hundred and Fifty Thousand Naira) and N3m (Three Million Naira) to young people who have indicated that they require financial assistance for their businesses. The amount of financial assistance is determined by the size of the business and its evaluation.
How do I access Nigeria Youth Investment Fund?
How it Works
Step 1 – Get Trained. Applicants to attend compulsory entrepreneurship training with an approved Federal Ministry of Youth & Sports Development (FMYSD) EDIs.
Step 2 – Apply for a Loan. …
Step 3 – Submit an Application. …
Step 4 – Approval. …
Step 5 – Disbursement.
How can I check my NYIF loan status?
You can access the NYIF Login Official Portal at https://nyif.nmfb.com.ng/ via the internet browser on your mobile device or your desktop computer. Enter your login details (email address and password). To check the status of your loan, navigate to the “Dashboard” tab.
Is NYIF loan interest free?
The primary goals of the NYIF loan program in Nigeria include the development of new employment opportunities, the expansion of existing small and medium-sized businesses, and the promotion of entrepreneurship. The NYIF loan is neither a grant or a gift; rather, it is a financial obligation that must be returned with interest at a rate that will be established by the Central Bank of Nigeria.
How far is NYIF?
Between the years 2020 and 2023, the NYIF aspires to engage with a total of 500,000 young people on an annual basis. The amount of each fund approved will vary from N250,000 to N50,000,000, with a distribution between group applications, individual applications, working capital loans set at 1 year and term loans set at 3 years, each with a single-digit interest rate of 5%.
