NYIF Loan: FMYSD Starts Training Of Shortlisted 10k Candidates – All You Need To Know

NYIF Loan: FMYSD Starts Training Of Shortlisted 10k Candidates

If you are one of the 10k youth recently shortlisted by the FMYDS for the NYIF Loan, then this article is for you as we walk you through all you need to know about the recently commenced training.

It’s no longer news that the Federal Ministry of Youth and Sports Development (FMYDS) on 15th November 2021 commenced the training of the recently shortlisted 10,000 candidates for the disbursement of the Nigerian Youth Investment Fund Loan.

Before we continue, if you are yet to check your name in the list of the 10,000 shortlisted youths released by the Federal Ministry of Youth and Sports Development earlier last month, kindly click HERE

The Training of the selected applicants is in batch, only selected candidates are permitted to participate in the current session and were sent invitations and details for participation via their e-mail addresses.

You may also want to read FMYSD Digital Youth Nigeria Programme 2021 – Apply Here

All Shortlisted Applicants who have received a Training invitation or yet to receive, are advised to visit https://youtu.be/5zY-QXGLWao in order to learn how to log in and use the e-learning portal https://fmysdenterprisetraining.ng for the Nigeria Youth Investment Fund (NYIF Loan) Scheme Entrepreneurship Development Training.

Shortlisted applicants should have in mind that the Training is an unavoidable part of the NYIF Loan disbursement which every applicant must pass through in order to assess the Nigeria Youth Investment Fund.

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.

The Disbursement of the NYIF Loan will be in batch and each batch will receive their NYIF Loan in their submitted and correct Bank Accounts immediately after completing their training.

Each successful applicant after the Training is set to recieve a Loan amount between N250,000 to N300,000 as the maximum loan by the Ministry is N300,000 to ensure many Nigerian Youths access the NYIF Loan.

You may also want to read FMYSD Releases List Of Shortlisted Applicants For Human Capacity Training and Empowerment – Check Your Name

If you are one of the shortlisted applicants and you have not received your training invitation, you don’t need to panic as the training is in batches and all applicants must be trained.

Note: The training was grouped in batches in order to reduce traffic on the Training portal and ensure a more organized and seamless loan disbursement.

NYIF Loan: FMYSD Starts Training Of Shortlisted 10k candidates – All You Need To Know