Connect with us

Business & Loans

FG Starts the Disbursement of NYIF Loan To Applicants Nationwide

Published

on

How To Check Your NMFB COVID-19 TCF Loan Approval Status

FG Starts the Disbursement of NYIF Loan To Applicants Nationwide

The Federal Government has stated that they have started the disbursement of NYIF loans across the country, so if you applied for the NYIF loan and your name was shortlisted, be expecting your loan. In case you want to check your loan status click HERE

The Federal Ministry of Youth and Sports Development, FMYSD has issued a statement on its official Twitter handle regarding the disbursement of NYIF loan to shortlisted beneficiaries.

In the statement, an appeal was made to the beneficiaries of the loan. The ministry sincerely begged shortlisted beneficiaries of the NYIF loan, over the reduction of the accessible amount to Three Hundred Thousand Naira (N300,000).

However, The Ministry of Youth and Sports Development noted that the accessible amount was decreased to N300,000 in order to ensure seamless distribution, and also to enable more beneficiaries enjoy the facility.

Advertisement

Therefore, based on the current economy challenge, and to cover majority of applicants, the ministry said the need to reduce the amount is necessary.

The ministry also noted they received no fewer than three million applications, for the N12.5 billion, which is ready for disbursement. Adding that from the N300,000 per beneficiary, only about 41,000 applicants can benefit from it.

FG Starts the Disbursement of NYIF Loan

Advertisement
8 Comments

8 Comments

  1. Pingback: Latest Update on NYIF Loan April 25th, 2021 - Must Read for NYIF Applicants - FlippStack

  2. Pingback: FG Begins Payment To Beneficiaries Of Economic Sustainability Plan Survival Fund - FlippStack

  3. Awoke Timoty chibuike

    April 30, 2021 at 9:59 pm

    I hav not recieved any sms yet after undergoing all de preapproved proces nd linking. Thank u.

  4. Pingback: NDLEA Shortlists Successful Candidates 2021 - See Full List - FlippStack

  5. ABDULLAHI HAMISU

    May 26, 2021 at 3:46 pm

    Over 4 months now,l have not received training invitation,talkness of approval, please why this

  6. Pingback: FG Starts Disbursement Of Covid-19 Survival Fund To 200,000 Nigerians - FlippStack

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

mersin eskort - escort