The federal government, through the Ministry of Youth Development, has reopened applications for the Nigeria Youth Investment Fund (NYIF) program. 

The announcement was made on the Ministry’s official X handle, which included a link to the application.

The post reads, 

“CALL FOR APPLICATION: NIGERIA YOUTH INVESTMENT FUND. Are you a young entrepreneur with a vision for the future? The Federal Ministry of Youth Development is delighted to announce the relaunch of the Nigeria Youth Investment Fund (NYIF).”

The NYIF is a government initiative aimed at empowering Nigerian youth by providing financial support to help them start or expand their businesses. 

Recall In May, the Minister of Youth Development, Dr. Jamila Bio-Ibrahim, announced that the Federal Executive Council had approved N110 billion in capital for startups and early growth stage businesses targeting the youth demographic.

Dr. Bio-Ibrahim emphasized the goals of promoting well-being, excellence, national unity, and sustainable development, enabling young Nigerians to realize their full potential and contribute to the nation’s progress.