NYIF Loan Shortlists 10,000 List of Shortlisted Youths for Training and Payment/Disbursement – This is to inform the general public that applied for NYIF (Nigeria Youth Investment Fund) that Federal Government has released the full list of 10,000 persons shortlisted for NYIF Training and Payment/Disbursement of Fund. NYIF, 10k Shortlisted Youth Await Training And Disbursement. This will enable shortlisted candidates to kick off the training and start their business in their different fields.
NYIF Loan Shortlists 10,000 List of Shortlisted Youths for Training and Payment/Disbursement
After the initial pilot phase of the NYIF which saw 5,285 beneficiaries, another 10, 000 youth have been shortlisted for training after which they will be approved for funds disbursement under the NYIF.
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.
NYIF is initiative by the Federal government to invest in the innovation skills and enterprise of young Nigerians. The loan has a single digit APR at 5% and a moratorium of 12 months before repayment. Nigeria Youth Investment Fund was approved by Federal Executive Council in July 2020.
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