Buhari Says Over One Million Youths Applied for Survival Fund

President Muhammadu Buhari on Sunday said over one million Nigerian youths have applied for the N75 billion Nigeria Youth Investment Fund established to help cushion the economic impacts of COVID-19 on the youths and speed up the recovery process.

In a tweet put out by the president, Buhari said the Nigeria Youth Investment Fund will invest in the innovative ideas, skills and talents of young Nigerians.

He said more Nigerians continue to apply through the fund’s portal at nyif.nmfb.com.ng since it was opened on October 12, 2020.

Buhari said “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.”

Please note that both individuals and non-registered businesses can apply and access up to N250,000 in funding under the survival fund scheme while youths with registered businesses can apply and access as much as N3 million. Successfully applicants will pay 5 percent interest per year.