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Wednesday 11 May 2022

Loan: Ministry Urges Shortlisted Applicants to Respond Promptly

Loan: Ministry Urges Shortlisted Applicants to Respond Promptly


In today’s Post, we will share updates on Nigeria Youth Investment Fund (NYIF). The Federal Ministry of Youth and Sports Development is currently delivering a fresh round of disbursements of the Nigeria Youth Investment Fund (NYIF) to beneficiaries whose applications have been successful.

The Ministry said, 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 Ministry also said, Instructions on how to access the funds are contained in the email sent.
The Ministry added that, the rate of response to the emails have been quite low. However, others who responded have received the funds into their PFI designated bank accounts.

Shortlisted candidates must respond to communication in order to conclude the disbursement process. Those who fail to respond risk forfeiting this opportunity.

The Nigeria Youth Investment Fund (NYIF) is being disbursed to the youth who have expressed business needs within a range of N250,000 to N3m 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.

The Nigeria Youth Investment Fund (NYIF) guidelines and processes remain the same.

Drop your comments below for questions and enquiries.

Nigeria Youth Investment Fund Loan
Nigeria Youth Investment Fund Loan


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