{"id":19355,"date":"2020-10-28T21:34:25","date_gmt":"2020-10-28T20:34:25","guid":{"rendered":"https:\/\/experts.ng\/blog\/?p=19355"},"modified":"2020-10-29T08:12:22","modified_gmt":"2020-10-29T07:12:22","slug":"cbn-unveils-framework-for-nyif","status":"publish","type":"post","link":"https:\/\/www.experts.ng\/blog\/cbn-unveils-framework-for-nyif\/","title":{"rendered":"CBN Unveils Framework for the N75billion  Nigeria Youth Investment Fund."},"content":{"rendered":"\n<p class=\"has-drop-cap wp-block-paragraph\">The Central Bank of Nigeria (CBN) has finally released the much-awaited&nbsp;<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/www.cbn.gov.ng\/Out\/2020\/CCD\/NYIF%20implementation%20Framework%20final%20Sept_30_2020.pdf\">implementation guidelines for the N75 billion Nigeria Youth Investment Fund (N-YIF)<\/a>. And kick-starts the scheme with a takeoff seed capital of N12.5 billion.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The bank released the implementation guideline on Wednesday, the 28th day of October 2020, and listed the NIRSAL Microfinance Bank (NMFB) as the eligible participating financial institution for the Scheme.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The primary objectives of the Scheme are<\/strong>:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Improve access to finance for youth and youth-owned enterprises for national development<\/li><li>Generate much-needed employment opportunities to curb youth restiveness<\/li><li>Boost the managerial capacity of the youth and develop their potentials to become the future large corporate organizations.&nbsp;<\/li><\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">According to the apex bank, the target of the NYIF is  to financially empower Nigeria youth to generate at least 500,000 jobs between 2020 and 2023.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For more information on the N75 billion NYIF and how to access it, please click on the links below. <\/p>\n\n\n\n<ul class=\"wp-block-yoast-seo-related-links\"><li><a href=\"https:\/\/experts.ng\/blog\/nigerian-youth-investment-fund-opens\/\" target=\"_blank\" rel=\"noopener\">Nigerian Youth Investment Fund (NYIF)<\/a><\/li><li><a href=\"https:\/\/experts.ng\/blog\/nigerian-youth-investment-fund\/\" target=\"_blank\" rel=\"noopener\">The Nigerian Youth Investment Fund<\/a><\/li><li><a href=\"https:\/\/experts.ng\/blog\/fg-launches-n75-billion-youth\/\" target=\"_blank\" rel=\"noopener\">FG Launches N75 Billion Youth Investment Fund, Here is How to Apply<\/a><\/li><\/ul>\n\n\n\n<div class=\"wp-block-file\"><a href=\"https:\/\/experts.ng\/blog\/wp-content\/uploads\/2020\/10\/NYIF-implementation-Framework-final-Sept_30_2020.pdf\" target=\"_blank\" rel=\"noopener\">You may wish to also download the unveiled framework directly here.<\/a><a href=\"https:\/\/experts.ng\/blog\/wp-content\/uploads\/2020\/10\/NYIF-implementation-Framework-final-Sept_30_2020.pdf\" class=\"wp-block-file__button\" download target=\"_blank\" rel=\"noopener\">Download<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Nigeria (CBN) has finally released the much-awaited&nbsp;implementation guidelines for the N75 billion Nigeria Youth Investment Fund (N-YIF). And kick-starts the scheme with a takeoff seed capital of N12.5 billion.&nbsp; The bank released the implementation guideline on Wednesday, the 28th day of October 2020, and listed the NIRSAL Microfinance Bank (NMFB) as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19349,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_3899566575_3899566575":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[3396,3331,822],"tags":[3336,3401,3377],"class_list":["post-19355","post","type-post","status-publish","format-standard","has-post-thumbnail","category-financial-news","category-business","category-startup","tag-cbn","tag-nirsal","tag-nyif"],"_links":{"self":[{"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/posts\/19355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/comments?post=19355"}],"version-history":[{"count":0,"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/posts\/19355\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/media\/19349"}],"wp:attachment":[{"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/media?parent=19355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/categories?post=19355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/tags?post=19355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}