Nigeria Youth Investment Fund (NYIF) – noya.ng
NOYA – Nigeria Youth Investment Fund (NYIF) noya.ng
The Nigeria Online Youth Assembly (NOYA) is an initiative of the Ministry of Youth and Sports Development in collaboration with a private Technology company, Focus Group Limited in order to empower the Nigerian youth by disseminating timely information on career enhancing, training, job and employment placement opportunities via a unified platform.
Leveraging on the Public Private Partnership model approach of deepening private sector participation in Youth development, NOYA was conceived to connect the mass of Nigerian youth to opportunities In both government and private sector. NOYA is a aggregator site.
Nigeria Online Youth Assembly (NOYA), is reinventing the future of Nigerian youth using knowledge and creativity to escape poverty traps, unemployment, immoral acts and other unhealthy plagues existing in our society.
The forum “NOYA” aims to address these gaps and will work towards fostering the inclusion of youth across all social and regional groups in tackling and solving global challenges. Guided by the theme of Empowering Youth for personal and Global Development.
The Nigeria Online Youth Assembly (NOYA) aims to empower the next generation of leaders with opportunities to connect with like-minded peers, trailblazers, and influencers, develop global competence and critical skills, and transform their vision for a better future through innovative action. There are opportunities in various areas like Work Experience, Scholarships, Mentorships, Internships, Trainings, Entrepreneurship Funding Programmes, Competitions, Exchange Programmes and more you can find at the noya.ng website.
NOYA AND HOW TO APPLY FOR NIGERIA YOUTH INVESTMENT FUND (NYIF)
President Muhammadu Buhari led the Federal Executive Council approved the establishment of the Nigeria Youth Investment Fund (NYIF) to the tune of 75 billion naira for 3 years.
The Nigerian Youth Investment Fund (NYIF) a ring fenced funding that will strictly cater to the investment needs of Nigerian youths between the ages of 18 and 35 years old.
NYIF fund 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%.
The Ministry of Youth and Sports Development has been directed to immediately commence the process of operationalization and possible legislation of the NYIF in collaboration with relevant MDAs.
According to the Ministry of youth and sports development, the Nigeria youth investment fund (NYIF) will commence by September 2020. Interested applicants should visit the NOYA website when its due