All 2022 NYIF Loan Disbursement Beneficiaries/Shortlisted Applicants have been instructed by Federal Ministry of Youth and Sports Development to check their email and accept offer for NYIF Loan Payment across 36 States in Nigeria. See more update under.
We published this post to update and inform all 25000 Nigeria Youth Investment Fund (NYIF) Shortlisted Beneficiaries/Applicants about latest information regarding NYIF Loan Disbursement/payment to successful and verified applicants across 36 states including FCT Abuja.
If you were shortlisted or among 25,000 shortlisted beneficiaries, please read this article very well: if you applied and yet to know your application status please do so.
FMYSD urges NYIF Loan Shortlisted Applicants to respond to their Loan offer via email
We are delighted to inform you that the Federal Ministry of Youth and Sports Development is currently delivering a fresh round of disbursements of the Nigeria Youth Investment Fund(NYIF) to youth beneficiaries whose application have been successful and whom has accepted Loan offer.
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. Instructions on how to access the funds are contained in the email sent. The rate of response to the emails has been quite low. However, others who responded have received the funds into their PFl designated bank accounts.
All listed beneficiaries of NYIF Loan must respond to communication in order to conclude the disbursement process. Those who fail to respond risk forfeiting this opportunity.
The Nigerian Youth Investment Fund (NYIF) is being disbursed to the youth who have expressed business needs within a range of N250,000 (Two Hundred and Fifty Thousand Naira) to N3m (Three Million Naira) depending on the scale of the business and its evaluation.
Note better: The NYIF guidelines and processes remain the same.