FG Shortlists 10k Youths For NYIF Loan Disbursement

FG Shortlists 10k Youths For NYIF Loan Disbursement

Flippstack can confirm that the Federal Government through the  Ministry of Youths and Sports Development has shortlisted another successful batch of 10,000 youths, for the Nigeria Youth Investment Fund (NYIF) and fund disbursement.

This was disclosed by the Minister of Youths and Sports Development, Mr. Sunday Dare, on Tuesday 12th of October 2021.

You may also want to read Ministry Approves Another Batch of 25000 As 5200 Youths Benefit From NYIF

According to the Minister:

“The Ministry of Youth and Sports Development stated that out of the ongoing screening of over 3 million applicants for the NYIF loan, 10,000 have been shortlisted for training by the Ministry after which they will be approved for specific amounts”.

“With the successful completion of this pilot phase, NIRSAL has cleared names of another 10,000 for training and subsequent loan approval and disbursement. Loans are in the range of 250k to 3million naira for now”.

“These names are available on the FMYSD website and NOYA website. Checks done include Age, BVN whether or not the individual has an existing government loan or has received Covid-19 business payments.

All approved applicants will undergo training to ensure efficient use of the loan, therefore, increasing the yield and growth the loan can deliver to the intended business owner.

You may also want to read NDLEA Shortlists Successful Candidates 2021 – See Full List

NYIF is an initiative by the Federal government to invest in the innovation skills and enterprise of young Nigerians. The loan has a single-digit APR of 5% and a moratorium of 12 months before repayment. Nigeria Youth Investment Fund was approved by Federal Executive Council in July 2020.

Full List Of 10k NYIF Applicants Shortlisted By FG For Training

To check your name on the list, please kindly click the following link. Full list of 10,000 youth to be trained

FG Shortlists 10k Youths For NYIF Loan Disbursement

Note: Applicants who did not see their name on the list are advised not to panic as more applicants will be shortlisted, so keep visiting this site for more updates.

FG Shortlists 10k Youths For NYIF Loan Disbursement

By Okpara Kenneth

https://www.flippstack.com

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