Over 25,000
Youth to Benefit from New Round of Disbursements - NYIF Loan
The Federal
Ministry of Youth and Sports Development announced its readiness to begin a
fresh round of disbursements of the Nigeria Youth Investment Fund (NYIF) to
deserving beneficiaries.
Most of the
newly shortlisted beneficiaries from the over 25,000 successful candidates, who
are expected to be part of the loan, have confirmed receipt of emails and text
messages confirming the approval processes for the scheme and instructions on
how to access the funds.
The Nigerian
Youth Investment Fund (NYIF) will be disbursed to the beneficiaries 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 plus
youths benefitted from the first set of disbursements in 2020. The names of the
beneficiaries have since been made public.
Drop your
comments below for questions and enquiries.
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Nigeria Youth Investment Fund (NYIF) |
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