The president, Muhammadu Buhari has made an important update concerning the 75 billion naira fund which is meant for the survival of Macro, Small, and Medium Enterprises (MSMEs).
According to Buhari, applications for the fund has reached over a million since the Nigeria Youth Investment Fund (NYIF) Portal went live on Oct 12, 2020.
“Over a million applications have already been received since the 75 billion Naira Nigeria Youth Investment Fund (NYIF) Portal went live on Oct 12, 2020. This Fund will invest in the innovative ideas, skills and talents of young Nigerians”
The government had also explained that the fund is to cushion the impact of COVID-19 by providing for young businesses with supportive initiatives. This is the official link for application nyif.nmfb.com.ng
