Sample Business plan Template for Nigerian Youth Investment Fund – NYIF. Are you interested in the Nigerian Youth Investment Fund – NYIF? Do you need a business plan to apply for Nigerian Youth Investment Fund – NYIF? If your answer is YES, that means you are an upcoming entrepreneur who needs funds to float a start-up business. Or a young entrepreneur hustling to survive an existing business. In fact, if you are in this group then, this article is for you. You have to immediately obtain this business template for the Nigerian Youth Investment Fund – NYIF loan application.
The Nigerian Youth Investment Fund – NYIF:
Table of Contents
Furthermore, Federal Government of Nigeria Youth Investment Fund 2020 for young Nigerian Entrepreneurs is an Initiative of the Federal Ministry of Youth And Sports Development Funded By The Central Bank Of Nigeria
Nigerian Youth Investment Fund – NYIF:
As a matter of fact, the Nigerian Youth Investment Fund NYIF is a government initiative. It’s created to boost Nigerian economy through a non-collateral loan access. Therefore, this fund hopes to serve as a catalyst to unleash the potential of the youth. And enable many of them build businesses that will increase the employment rate.
Sample Business plan Template for Nigerian Youth Investment Fund
Youth Employment Action Plan:
In fact, this’s part of the Nigerian Youth Employment Action Plan – which was developed by the Federal Ministry of Youth and Sports Development (FMYSD) – as a built-in strategy to respond effectively to the youth employment challenge in Nigeria. Don’t you lke this?
Objectives:
The major objectives of the plan are to:
- Address fragmentation of youth initiatives that prevent assessment of impact, and
- Provide Nigeria youth with investment inputs required to build successful businesses that can become sustainable employers of labor – contributors to Nigeria’s development.
Requirements For Sample Business plan Template for Nigerian Youth Investment Fund
- The plan targets young people between the ages of 18-35 years and details the needed actions required to support business establishment, expansion and consequent employment creation for youth in critical economic and social sectors.
- In fact, the Federal Executive Council on the 22nd of July, 2020 approved the sum of N75,000,000,000.00 (seventy five billion naira) for the establishment of the Nigeria Youth Investment Fund for the period of 2020 – 2023 dedicated to investing in (a) the innovative ideas, (b) skills and talents of Nigerian Youth, and (c) to institutionally provide our youth with a special window for accessing much needed funds – finances – business management skills and other inputs critical for sustainable enterprise development.
- FMYSD is the lead implementation entity and is responsible for budgetary provisions and for funds mobilization.
Target:
As a matter of fact, the NYIF aims to financially empower Nigeria youth to generate at least 500,000 jobs between 2020 and 2023.
Seed Capital For Sample Business plan Template for Nigerian Youth Investment Fund
The NIRSAL MFB window shall be funded with initial take-off seed capital of N12.5 billion.
Sample Business plan Template for Nigerian Youth Investment Fund
Participating Financial Institution:
The eligible participating financial institution for the Scheme is NIRSAL Microfinance Bank (NMFB).
RELATED TOPICS: on Sample Business plan Template for Nigerian Youth Investment Fund
- Smple Business Plan Template for CBN NIRSAL MFB BOI Loans
- Approved Busness Plan Template for NYIF
- How – get enlisted On NYIF DEEL Portal
- Sample Business Plan Template for NYIF
- Approved Business Plan Template for CBN/AGSMEIS/BOI Loans
- NIRSAL
What do I do next?
Furthermore, if you know these requirements, that’s alright. But you need a business plan to articulate all of them. That is to prove that you can put your ass together, promote and manage a business outfit. In fact, that’s why we think you should obtain our business plan template immediately.
The Business Plan Template:
Our business plan template is an auto-generated business plan analysis. It consists of:
- The initial investment requirements
- Existing business Statement of Affairs.
- The direct Operation expenses
- And Indirect operation and admin expenses
- The working capital analysis
- Turnover analysis
- Financial Plan and Analysis.
- Other relevant components to suit particular business operations.
Other On-going NIRSAL MFB Program:
Finally, recently we’re involved in NIRSAL MFB AGSMEIS loan program application processes. In fact, we have assisted over 200 applicants trained and process their applications for this. The result is very overwhelming.
Our experience in this regard counts. Therefore, we would want you to join the success team win this loan.
Our Contacts For Sample Business plan Template for Nigerian Youth Investment Fund :
In conclusion, if you enjoyed this post, then bookmark it and begin to share to reach your friends. In addition, call us now on +234 8034347851 or 09053130518 and via cfmclimited@gmail.com/completefmc@gmail.com Every business plan’s case sensitive or scenario sensitive nd therefore are customised. Indeed, the business plan will help you administratively manage your business. We also give after service support services just to ensure you succeed in your business. Thank you for reading through. You can now like us on our Facebook handle.
Deacon Anekperechi Nworgu, a seasoned economist who transitioned into a chartered accountant, auditor, tax practitioner, and business consultant, brings with him a wealth of industry expertise spanning over 37 years.
