NYIF, 10,000 youth shortlisted, await training and disbursement. Full list below this page
After the initial pilot phase of the Nigeria Youth Investment Fund (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 competition 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.
Checks done include Age, BVN whether or not the individual has an existing
government loan or received covid 19 business payments.
All approved applicants will undergo training to ensure efficient use of the loan
therefore increasing the yield and growth the loan can deliver to the intended business
NYIF is an initiative by the Federal government to invest in the innovation skills and
enterprise of young Nigerians. The loan has a single-digit APR of 5% and a moratorium
of 12 months before repayment. Nigeria Youth Investment Fund was approved by
Federal Executive Council in July 2020.
See the full list of 10,000 beneficiaries by following the link below. Please note, there is
a separate list for individuals and SMEs. This you can find on the spreadsheet. To view the
list, make sure you have the spreadsheet app on your phone or any app that can view
this file below. you can download google sheet for android users