Many funding programmes have been established. Survival fund recently commenced on the 21 of September. Youth Investment find was recently approved too. So, we decided to create this post to share more light on these support funds.
The National Youth Investment Fund (NYIF) and the MSME Survival Fund Scheme are funding programme established by President Buhari Administration. And as such, Mr President have advised Nigeria youths and Business owners to take advantage of this opportunities.
The NYIF is a loan for Nigeria youth age 18 to 35 while the Survival fund is grant to MSME.
The 75 billion Naira Nigerian Youth Investment Fund (NYIF) is to serve as a sort of Youth Bank that will fund and support innovative ideas. skills. talents and enterprise of the Nigerian Youth; a loan and credit pathway dedicated to enabling access to credit and soft loans. This is the very first of its kind by any Nigerian government. To know more about the NYIF loan which will commence soon CLICK HERE
The MSME Survival Fund scheme is a conditional grant to support vulnerable micro and small enterprises in meeting their payroll obligations and safeguard Jobs in the MSMEs sector.
The scheme is estimated to save not less than 103 million jobs across the country and specifically impact on over 35.000 individuals oer state.
The Survival Fund schemes are at the core of the N23 trillion stimulus package (also known as the Nigerian Economic Sustainability Plan, NESP) being implemented by the Buhari administration to help cushion the impact of the COVID19 pandemic with a view to boosting the economy by saving existing Jobs and creating new job opportunities.
Registration is currently ongoing for thehe Survival Fund. To Know about the Survival fund and how to apply CLICK HERE