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| FG your investment fund 2020 |
All you need to know about Federal Government Youth Investment Fund For Young Nigerians (N75 billion) 2020
Application has been opened starting from the 13th of October 2020 for young Nigerians who are interested in assessing the Federal government youth investment fund for young Nigerians (A total of 75 billion was mapped out for this project by the Federal government of Nigeria). This is a platform whereby registered business owners can access up to 3 million naira and unregistered business owners will have access to 250,000 naira. This is in line with PMB (President Muhamadu BUHARI) agenda to financially empower Nigerian youths to generate at least 500,000 jobs between 2020 and 2023.
it doesn't require you to have the skills before applying because you will be trained and awarded a certificate of participance before you'll be giving the money so what are you waiting for why not read the procedure below and make use of this Apple opportunity to apply for this scheme. Do not give excuses give it a trial it was like this during the Npower regime of the 2017 session which has to be the first Batch where so many Nigerians turned down the offer and declined the from applying which was a good opportunity for the little that applied to grab the job. So do not give excuses make a good use of this opportunity at your doorstep by reading to this to know the procedure involved.
ELIGIBILITY
CATEGORY A: for Non-registered Businesses owners - to access Up to N250,000
Individual within the age bracket of 18 to 35 years
Has a valid BVN and means of ID
Provision of Business plan Summary or Completed Questionnaire
Entrepreneurship Training Certification from FMYSD
Entrepreneurship Development Institutes (EDIs)
CATEGORY B
FOR Registered Businesses OWNERs - to access Up to N3 Million
Formal business enterprises (Youth owned enterprises),
duly registered with the Corporate Affairs Commission (CAC)
Valid Bank Verification Number (BVNs) of Directors
Provision of Tax Identification Number (TIN)
In addition to the above, present an Entrepreneurship Training Certification from FMYSD EDIs which would be giving to you after the training by the Board
Other Details:
The 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%.
To apply for this click on this link
Deadline: has not been announced
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SUGGESTION FOR FURDER READING
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