Individuals or non-registered businesses can access up to N250,000 in funding while youth-owned registered businesses can apply for up to N3 million. Granted loans will run for a maximum of 5 years and attract a 5% interest per annum.


Eligibility

Youths applying as individuals or sole proprietors must be within the ages of 18 to 35 years and have operational businesses in Nigeria.

To qualify, they must have not been convicted of any financial crime in the last 10 years as well as possess a local government of origin certificate.

For youth-owned enterprises, they must be duly registered with the Corporate Affairs Commission and provide a business plan. They must have a Tax Identification Number (TIN) and a training certificate from approved FMYSD Entrepreneurship Development Institutes (EDIs).

All applicants must possess valid Bank Verification Numbers to be eligible

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