FG Ready To Disburse New NYIF Loan To 25,000 Beneficiaries Nationwide

The Federal Government (FG), through the Federal Ministry of Youth and Sports Development (FMYSD), said it is set to commence a fresh round of disbursements of the Nigeria Youth Investment Fund (NYIF) loan to shortlisted beneficiaries.

This came after a message was sent to some beneficiaries of the NYIF loan via the NPF Microfinance Bank some days ago. You can read about the message here > NYIF Loan Disbursement Update!

However, a lot of NYIF loan shortlisted applicants are expecting to benefit from the loan, have confirmed receipt of emails and text messages for the approval processes of the loan scheme and instructions on how to access the fund.

Kindly note that the NYIF fund to be disbursed to successfully shortlisted beneficiaries ranges from N250,000 to N3million, depending on the scale of the business and its evaluation.

Recall that over 6,000 youths benefitted from the first batch of disbursements in 2020. The names of the beneficiaries have since been made public.

Source: Nyscînfo.com

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