Nigeria Youth Investment Fund NYIF
Federal Ministry of Youth and Sports Development (FMYSD) set to Disburse New NYIF Loan to 25000 Beneficiaries – the latest news update on NYIF successful applicants across 36 states in Nigeria. We are delighted to inform you about that Federal Ministry of Youth and Sports Development (FMYSD) is set to begin a fresh round of disbursements of the Nigeria Youth Investment Fund (NYIF) to deserving beneficiaries via Nigeria Police Force (NPF) Microfinance Bank.
This came after a notification was sent to some NYIF Shortlisted applicants via NPF Microfinance Bank few weeks ago. Read more here.
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.
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.
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