Business & Loans
NYIF Update: FMYSD Insists on Training Before Loan Approval And Disbursement
In a report, the Federal Ministry of Youth and Sports Development has clarified that the Training of the applicants of the Nigeria Youth Investment Fund is not an option but an essential and compulsory process in assessing the NYIF Loan, which every applicant must undergo regardless of region or calibre.
The Ministry further noted that Training of the Applicants is in batches while encouraging the applicants to remain patient and await their online training invitation.
FMYSD in one of its latest updates announced that it has pre-qualified another batch of 25,000 Youths who would participate in the compulsory Training before qualifying for the loan disbursement.
You may also want to read FMYSD Releases List Of Shortlisted Applicants For Human Capacity Training and Empowerment – Check Your Name
The Ministry further clarified that the Nigeria Youth Investment Fund is a 3 years programme which has only recieved N3 Billion released by the Central Bank of Nigeria out of the N12.5billion approved for the first tranche of the NYIF.
According to the Ministry’s report “so far, 54.6 % of the N3 billion has been disbursed”
Hence, in the next two years, it is expected that the N75 Billion earmarked for the programme would have been disbursed to the Nigerian Youths on the present maximum loan cap of N300,000 per beneficiary.
NYIF Update: FMYSD Insists on Training Before Loan Approval And Disbursement
-
Tips2 years ago
Best Android VPN Apps in 2020 (Full List)
-
How To7 months ago
How To Migrate To Airtel RCCG Plan 2021 – All You Need To Know
-
Business & Loans4 months ago
Nirsal Microfinance Bank Sends Important Notice To NIB Applicants
-
Business & Loans4 months ago
NMFB AGSMEIS SME Loan Online Assessment Test Questions & Answers
-
Tips2 years ago
Difference and Similarities Between Glo Yakata and Glo Berekete Tarrif Plans
-
News4 months ago
JAMB Announces Official Date For 2022 UTME Registration
-
News4 months ago
WAEC GCE 2022 Registration Form Instructions and Guidelines
-
Business & Loans4 months ago
Latest NPower News For Today Monday 24th January 2022
Pingback: Latest News On Nirsal Microfinance Bank Loans For Today Thursday 29th July 2021 - FlippStack
Pingback: How To Easily Check Your NYIF Loan Status (Full Guide)