FG Opens Fresh COVID-19 Fund Application Portal – How To Apply

A new website has been opened for the application of the Covid-19 support fund. According to a statement posted by Nirsal Microfinance Bank website, they stated that a new website had been opened to visit for the Covid-19 support.

According to Nirsal Bank, the Covid-19 targeted credit facility for application and opened a website to new applicant that had not been funded last during the covid-19 support packages.

All You Need to Know About NYIF Application Form Portal Login 2021

Nigerian Youth Investment Fund NYIF is a government initiative created to boost the Nigerian economy through leverage and access to finance for youths.

The purpose of the fund is to serve as a catalyst to unleash the potential of the youth and enable many of them build businesses that will increase the employment rate. The NYIF aims to reach 500,000 youth annually between 2020 and 2023.

Each fund approval will range from N250, 000 to N50, 000,000, with a spread across group applications, individual applications, working capital loans set at 1 year and term loans set at 3 years with single digit interest rate of 5%. Disbursement will be through various channels, which will include micro finance, finance firms and deposit money banks regulated by the Central Bank of Nigeria and supported by Bank of Industry. Nigeria Youth Investment Fund (NYIF) recruitment and online application that targets to assist small businesses especially farmers in Nigeria who are being threatened by recession, economic hardship is here.