NYIF Loan Payment/Disbursement 2022: FMYSD calls for NYIF Successful Shortlisted Applicants to accept NYIF Loan offers via email. Good-news for all shortlisted applicants for Nigeria Youth Investment Fund (NYIF) as Loan Payment and Disbursement set to begins. See details under.
Are you among applicants that were shortlisted for NYIF Loan Payment/Disbursement 2022 for 2nd batch payment; we have a good-news for you.
The Federal Ministry of Youth and Sports Development are set to commence a fresh round of disbursements of the Nigeria Youth Investment Fund (NYIF) to youth beneficiaries whose application have been successful.
NYIF 25000 Successful Shortlisted Candidates for Loan Payment 2022
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 rates of response to the emails have been quite low. However, others who responded have received the funds into their PFl designated bank accounts.
All 25000 Shortlisted candidates must respond to communication via email 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.
Please note that The NYIF guidelines and processes for loan disbursement remain the same.
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