The 2024 Nigerian Federal Government youth empowerment program is the Nigeria Youth Investment Fund (NYIF), which was approved by the Federal Executive Council in March 2024 with an initial seed-up capital of N110 billion ¹. The program’s main objective is to financially empower Nigerian youths and generate at least one million jobs in 2024 ¹. Here are the details of the program:
Objectives of the NYIF
- Reduce youth unemployment by fostering entrepreneurship
- Provide young entrepreneurs with access to affordable finance
- Support youth-led businesses in achieving sustainable growth
- Encourage innovation and creativity among the youth
- Create job opportunities and improve the standard of living
Eligibility Criteria
- Be a Nigerian citizen aged between 18 and 40 years
- Have a business or business idea that aligns with the Fund’s objectives
- Possess a National Identification Number (NIN)
- Demonstrate a willingness to contribute to Nigeria’s economic development
- Provide a viable business plan
How to Apply
- Register: Create an account on the NYIF portal
- Complete Application Form: Fill out the online application form with accurate personal and business details
- Upload Documents: Attach the required supporting documents
- Submit Application: Review your application and submit it online
Required Documents
- Copy of National Identification Card (NIN)
- Business Registration Certificate
- Business Plan/Proposal
- Proof of Business Ownership (if applicable)
