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Business & Loans

NYIF Login Portal: Application, BVN Validation, Eligible Business & More

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NYIF Login Portal

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NYIF Login Portal: Application, BVN Validation, Eligible Business & More

The Nigerian Youth Investment Fund, which has benefited and continues to benefit many people, is a financial assistance program developed by the Nigerian Federal Government in collaboration with the Federal Ministry of Youth and Sports (FMYSD).

The Central Bank of Nigeria (CBN), has disclosed businesses and activities that are eligible to benefit from the Nigeria Youth Investment Fund (NYIF).

You may also want to read How To Easily Check Your NYIF Loan Status (Full Guide)

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Eligible Businesses/activities for NYIF Scheme

The CBN also outlined in the framework, the businesses, and activities that are legally allowed to be eligible in the scheme. These include:

  • 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 may be determined by NYIF/CBN from time to time.

The CBN, however, states that preference shall be given to enterprises that will support the growth of priority sectors.

Some applicants have registered with the Nigerian Youth Investment Fund (NYIF), but there are still many applicants who have not received a confirmation token to complete the registration, so if you are among those who have an If email. Mail is not verified, the article is for you.

Don’t forget, text messages have been sent to pre-qualified NYIF applicants asking them to login to NYIF Loan Application Portal to Validate their BVN.

The text message reads;

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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 tell you step by step how to confirm your email. Mailing address and how to fill out a registration to get 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 click on the login name, then click on “Forgot Password” using your email Link sent by mail. You can reset your password. However, keep in mind that the link is only valid for one day.

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Step 2. Email Verification

After successfully resetting your password, it will automatically redirect you to the login location, so click “I did not receive a confirmation token” and enter your email address. Mail in the space provided, then visit your email. In the mail (inbox) folder and click on the link sent to your email. email confirmation.

Step 3. User Log in

After successfully verifying your email. Email address, return to the “user login” location, and log in to your account to complete the registration. NYIF Login Portal

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Businesses Ineligible to apply for NYIF Registration

In the publication, applicants who are ineligible to apply for the Nigerian Youth investment fund include:
Applicants that are currently enjoying NIRSAL Microfinance Bank (NMFB) loans – which include Targeted Credit Facility (TCF) and Agribusiness/Small and Medium Enterprises Investment Scheme (AgSMEIS) loans, that remain unpaid.

Also, beneficiaries of other government loan schemes that remain unpaid are not eligible to participate in this scheme.

How To Easily Validate BVN on the NYIF Portal

  1. Visit >> https://nyif.nmfb.com.ng/app
  2. Input Your BVN
  3. Check if all your details are correct
  4. If your Loan application goes through it will take you to the next page where you will create a password and save it.
  5. They will send you a verification link to your email account where you will verify your account and proceed to fill in all the necessary information.
  6. You are to choose the type of your business category and upload an indigene letter

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 in 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.

How Registered Businesses Can Apply for NYIF Registration

The Central Bank of Nigeria (CBN), has disclosed businesses and activities that are eligible to benefit from the Nigeria Youth Investment Fund (NYIF).

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Registered Businesses wishing to apply for the Nigerian Youth Investment programme, should provide the following details as listed below. Then click the link in the next line.

  • Email address
  • Personal name
  • Business name
  • Address
  • Business Type
  • CAC registration details

How To Transfer NYIF Loan From NPF Microfinance Bank To Your Bank Account

Under the promise of FG, NPF Microfinance Bank, Lapo, and Baobabs, NYIF’s distribution banks remain approved, making it easier to reach beneficiaries after meeting the challenge of the first tranche of NIRSAL beneficiaries.

Below are steps to transfer NYIF funds to your account from NPF Microfinance Bank

1. Online banking / online banking

The only difference between this and regular online transactions is that we perform NPF registration on a daily basis, which is accessed through the NPF website by first clicking.

https://ibank.npfmicrofinancebank.com/

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after you Log in to the site successfully, then follow these steps.

A. Register your account on the site with the same NPF account number. Then click ‘Create New Account.’

B. A field will open where you can fill in your details, including NIN number, date of birth, photo upload, and finally your signature if needed.

C. Once the site has done what you need, you will have to wait all day (24 hours) for you to confirm the transfer.

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2. Use of USS Code

For many beneficiaries, this aspect is made easier by dialing * 5353 # to make the transfer a success, which involves fewer procedures than online banking. The fact is that network movement or unavailability remains a major challenge when users face the disadvantages of using the code method when using the code method during operations. In addition, the use of code is the best in terms of saving time and energy.

3. Download/install the app

Just as every bank has its own bank app, so does the NPF for microfinance banks, the process of which is the same as in online banking to fill in the field and create an account for you. NYIF Login Portal

Note: Leaving a step, especially if you don’t have an account supported by the site or gadget, will also prevent you from accessing the fund’s transfer, as this is the first step you need to find as a feature of the NPF app and site.

Some Frequently Asked Questions

How Much is the NYIF loan?

The Nigerian Youth Investment Fund (NYIF) is being disbursed to the youth who have expressed business needs within a range of N250,000 (Two Hundred and Fifty Thousand Naira) to N3m (Three Million Naira) depending on the scale of the business and its evaluation.

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How do I access Nigeria Youth Investment Fund?

Step 1 – Get Trained. Applicants are 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.

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