NYIF Shortlisted 10,000 Youth, Await Training and Disbursement

NYIF Shortlisted 10,000 Youth, Await Training and Disbursement

After the initial pilot phase of the NYIF which saw 5,285 beneficiaries, another 10, 000 youth have been shortlisted for training after which they will be approved for funds disbursement under the Nigeria Youth Investment Fund (NYIF).

Also Read >>> FMYSD Gives New Update On NYIF Loans Disbursement Status

The Ministry of Youth and Sports Development stated that out of the ongoing screening of over 3 million applicants for the Nigeria Youth Investment Fund (NYIF) loan, 10,000 have been shortlisted for training by the Ministry after which they will be approved for specific amounts.

2. With the successful competition of this pilot phase NIRSAL has cleared names of another 10,000 for training and subsequent loan approval and disbursement. Loans are in the range of 250k to 3million naira for now.

These names are available on the FMYSD website and NOYA website. Checks done include Age, BVN whether or not the individual has an existing government loan or received covid 19 business payments .

3. All approved applicants will undergo training to ensure efficient use of the loan therefore increasing the yield and growth the loan can deliver to the intended business owner.

4. NYIF is initiative by the Federal government to invest in the innovation skills and enterprise of young Nigerians. The loan has a single digit APR at 5% and a moratorium of 12 months before repayment. Nigeria Youth Investment Fund was approved by Federal Executive Council in July 2020.

See Full List Of 10,000 Fouth To be Trained Here

Recommended Articles:-

Reasons Why You May Receive Low Nigerian Youth Investment Fund (NYIF) Loan Amount

NMFB Gives Update On How To Avoid Covid-19 TCF or AGSMEIS Loan From Being Scammed

How to Check Nigerian Youth Investment Fund (NYIF) Loan Approval Status

Frequent Asked Questions And Answers About The NMFB AGSMEIS Loan Scheme

NMFB Launched New Portal For 10 Millions AGSMEIS Loan Application

NMFB Set To Launch A New AGSMEIS Loan Application Portal

NMFB CBN COVID-19 Loan Frequently Asked Questions And Answers

Why Some NIRSAL Covid-19 TCF Applicants Have Not Received Their Loan

How To Apply For NMFB AGSMEIS Loan 2021

Apply for NIRSAL Agro Geo-Cooperative Loan 2021 (Get Up to N5 Million for start-up)

How To Check CBN NMFB Covid-19 Household And SME Loan Approval Status

Link To Apply For CBN NIRSAL Covid-19 TCF Loan

FMYSD Provide A Form, Phone Numbers And Email To Receive Complaint From NYIF Applicants

How to apply for Nigerian Youth Investment Fund (NYIF)

To Get More Opportunities Updates:-

5 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here