Press Release
NYIF Loan: Ministry Urges Shortlisted Applicants to Respond Promptly
NYIF Loan: Ministry Urges Shortlisted Applicants to Respond Promptly
The Federal Ministry of Youth and Sports Development is currently delivering a fresh round of disbursements of the Nigeria Youth Investment Fund(NYIF) to youth beneficiaries whose application have been successful.
Less than 14% of the newly shortlisted applicants from the over 25,000 successful candidates, who are expected to be part of the loan, have responded to emails confirming their approval to receive the soft loan.
The Nigerian Youth Investment Fund (NYIF) is being disbursed to the youth who have expressed business needs within a range of N250,000 (Two Hundred and Fifty Thousand Naira) to N3m (Three Million Naira) depending on the scale of the business and its evaluation.
About 6,000 youth benefitted from the first set of disbursements in 2020 and the names of the beneficiaries have since been made public.
While in the second batch 4,375 have so far responded to their loan offer messages and received their funds.
While in the second batch 4,375 have so far responded to their loan offer messages and received their funds.
Signed
Mohammed Manga
Director (Press & Public Relations)
May 10, 2022
Mohammed Manga
Director (Press & Public Relations)
May 10, 2022
Loading suggestions...