NYIF News: FMYSD Set To Disburse New NYIF Loan To 25000 Beneficiaries

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In today’s latest NYIF News, FMYSD Set To Disburse New NYIF Loan To 25000 Beneficiaries. The Federal Ministry of Youth and Sports Development is set to begin a fresh round of disbursements of the Nigeria Youth Investment Fund (NYIF) to deserving beneficiaries.

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This came after a notification was sent to some of the NYIF Shortlisted applicants via NPF Microfinance Bank a few weeks ago.

Most of the newly shortlisted beneficiaries from the over 25,000 successful candidates, who are expected to be part of the loan, have confirmed receipt of emails and text messages confirming the approval processes for the scheme and instructions on how to access the funds.

SEE ALSO: NYIF Loan Update: Approval and Disbursement continue for Nigeria Youth Investment Fund beneficiaries

The Nigerian Youth Investment Fund (NYIF) will be disbursed to the beneficiaries 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.

About 6,000 plus youths benefitted from the first set of disbursements in 2020. The names of the beneficiaries have since been made public.

Originally published by Npower Discussion Group

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