This is a complete guide on how to apply for Federal Ministry Of Youth and Sports Development loan available for Micro, Small & Medium Enterprises (MSMEs) in Nigeria Loan.
Get yourself and young ones to enrol your and their businesses with Federal Ministry of Youth and Sports Development in order to have access to various business intervention/ support programmes including funding.
Federal Ministry of Youth Sports (FMYSD) has commenced the mass enrolment of youth owned, Micro, Small & Medium Enterprises (MSMEs) in Nigeria.
The mass enrolment exercise will facilitate the development of comprehensive data base for youth owned MSMEs in Nigeria and provide a platform B2B interactions while creating advantageous global market opportunities.
The exercise is open to youth owned Micro, Small and Medium Enterprises operating in Nigeria and including artisans, traders, tailors, fashion designers, manufacturers, spare part dealers and so much more.
Who Can enrol?
If you run any form of business and are aged between 18 and 35 years old, you are qualified to register. With registration, stakeholders in private and public sector can provide the necessary support, policies and programs tailored essentially for you.
The exercise is simple and easy to complete within minutes, and most importantly it’s absolutely FREE!
What Are the Benefits of Enrollment?
1. NYIF- Opportunity to get 250k to 50m loan (per MSME) at 5 per cent for business ideas.
2. DY.ng- Digital training and a pathway to enterprise via FMYSD and CBN led training opportunities.
3. Access to participate in empowerment programs and entrepreneurship training programs organized by the Ministry.
4. Access to real time information on all youth entrepreneurship initiatives.
5. Priority funding from other public and private sector, financial institutions, including international donor Agencies.
6. Provides borderless marketing opportunities for MSMEs
7. Business guarantor and many more opportunities.
Kindly visit youthandsport.gov.ng to apply
You can also check this;
- How To Create WhatsApp TV And Earn At Least N20k Per Week
- 8 Best Online Jobs For Students To Earn Money In 2020
- Complete List Of Nigerian Banks USSD Codes For Mobile Banking
- Top 6 Online Working Capital Loan Lenders To SMEs
- List Of Best Insurance Companies In Nigeria (2020)
Ahmmed Adekunle Aleem well known as SIR 3PU (Sir Triple) is a Personal Finance and Music Blogger. He’s a Content Editor at Wiseloaded.com & Financenaija.com.
If he’s not online, then he’s playing Video Game or watching Manchester United’s match