CBN lists conditions young Nigerians must meet to access N75 billion Youth Investment Fund

For the formal business enterprises , that are legal entities duly registered with the Corporate Affairs Commission these require the following documents; List of Directors with BVN nos.;“Cooperative societies duly registered with the relevant government authorities and members of Commodity Associations that fall within the eligible age bracket are also eligible to participate.” and Agribusiness/Small and Medium Enterprises Investment Scheme loans that remain unpaid ”are not eligible to apply.

”Technology/ Innovation; Agriculture and related value chain; Green Economy and Renewable energy sector; Manufacturing, Hospitality/Tourism; Construction; Logistics and supply chain;It said others may be determined by NYIF/CBN from time to time. “However, preference shall be given to enterprises that will support the growth of priority sectors, specifically those identified by the Economic and Recovery Growth Plan ERGP and the Nigerian Youth Employment Action Plan.”

It said individuals with unregistered businesses can get up to N250,000 loan while registered businesses can get up to N3 million with not more than 5 per cent per annum interest rate.

They ll deposit their parents right?

We cannot afford to make the requirements too tight for people. A lot of people may loose out and it defeats the purpose of the funds. endsars

Conditions for who no be northerner

Can you imagine all this rubbish

What of those who CAC refused to attend to their query answered submitted for the past two months?

Mtcheeww

Why the conditions on this now, isn’t it the fundamental right for the young people? CBN should appoint a reputable independent NGO that is transparent for the distribution of the money...don’t go creating loopholes for embezzlement or sharing among themselves!

Mad people

I hope the people who could make the most of this in the LGAs are able to access this

Conditions!

norquer

Their father, make them keep their money. Last last 2023 them go say na part of empowerment wey APC do be that. Una papa.

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