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Nigeria Youth Investment Fund (NYIF) 2026

Everything you need on the Nigeria Youth Investment Fund — the Federal Government's youth business-finance scheme. How to apply, who qualifies, the loan amounts, approved sectors, the business plan that wins approval, the training, repayment, and how to avoid fake NYIF sites. Clear, current and independent.

By Belmadeng Editorial · Updated 23 Sept 2026

Please note

Belmadeng is an independent study platform and is not affiliated with NYIF, the Federal Ministry of Youth Development, the CBN or NMFB. This is general information, not financial advice. Application windows open periodically (the portal is not always open) — use only the current official portal, beware fake NYIF websites, and remember applying is free (no one legitimate charges a fee). Amounts, portals and terms change — confirm current details officially.

NYIF at a glance

What it isNigeria Youth Investment Fund — youth business finance (~₦110bn)
Run byMinistry of Youth Development + CBN, via NIRSAL Microfinance Bank
WhoNigerians aged 18–40 with a fundable business
Amount~₦250,000 – ₦5,000,000 (historical)
TypeSubsidised loan (repayable), not a free grant

How NYIF works

When a window is open, eligible youths (18–40) apply on the official portal with a business plan for an approved sector. Successful applicants complete a short training, then receive a loan to be repaid over time. It's a loan, not a grant.

Browse the guides

Apply

The fund

Safety & students

Register your business first with our CAC guide. Looking for money you don't repay? See business grants. Need study funding instead? See NELFUND and PTDF.

Frequently asked questions

What is the NYIF?
The Nigeria Youth Investment Fund — a Federal Government programme (via the Ministry of Youth Development, funded by the CBN and disbursed through NIRSAL Microfinance Bank) that gives young Nigerians affordable finance to start or grow a business.
Who can apply for NYIF?
Nigerian youths aged 18–40 with a valid NIN, at least a secondary school certificate, and a fundable business idea or existing business in an approved sector.
How much can I get from NYIF?
Historically funding has ranged from about ₦250,000 to ₦5,000,000 depending on the business and application type; confirm the current terms when a window is open.
Is NYIF a grant?
NYIF is primarily a subsidised loan (it must be repaid), not a free grant. For non-repayable funding, see our grants guide.

Independent guide, not affiliated with NYIF, and not financial advice. Windows, portals and amounts change — always confirm on the official channel.